Nevada
When it comes to taxes, Nevada has a lot to offer. For starters, the absence of a state income tax will undoubtedly benefit senior citizens. Poverty rates among the elderly are relatively low. Of course, no discussion of this state would be complete without mentioning that it is the home of Las Vegas! The cost of living is only 4% higher than the average in the United States. For retirees, Winchester is ideal. However, some people may be put off by the semi-arid desert climate’s extreme temperatures.
Nevada
Minnesota
What about Minnesota, though? Let’s see what happens. If you’re most concerned about your health, you should know that it was named the “healthiest in the country for seniors” by the United Health Foundation. Osseo is a wonderful town, but Rochester is home to the Mayo Clinic. If you have serious health problems, it is definitely worth considering. The state’s population is 5.5 million, and the cost of living is 4% higher than the national average. Regrettably, the annual income is below average, and Social Security is taxed at the same rate as the federal government. Retirement income is also subject to taxation.
Minnesota
