Rising costs have made retirement tougher, but some states still offer good value. In these places, your savings can go further and cover a comfortable lifestyle. With affordable housing and lower taxes, you can enjoy your later years without constant money stress.
Florida
Florida has long been a retirement hotspot, and for good reason. The state has no income tax, a warm climate, and endless recreational opportunities. Housing costs vary, but many smaller towns and inland areas remain affordable. The abundance of healthcare facilities also makes it easier to find quality care without traveling far.
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Tennessee
Tennessee offers a low cost of living and no state income tax, which can help your retirement savings go further. Smaller cities like Chattanooga and Knoxville provide a mix of urban amenities and outdoor beauty. Healthcare access is solid, and property taxes are lower than the national average.
North Carolina
With its mild climate and mix of beaches, mountains, and charming towns, North Carolina has become a popular choice for retirees. The cost of living is reasonable, especially outside major cities. Retirees can also benefit from moderate taxes and a strong sense of community in smaller towns.
Arizona
Arizona’s warm weather, affordable golf courses, and active adult communities make it a retirement favorite. While some parts of the state, like Scottsdale, are pricey, many smaller towns offer affordable housing. The dry climate is also appealing for those looking to avoid harsh winters.
Pennsylvania
Pennsylvania stands out for retirees who want affordability without moving far from major cities. Housing costs are relatively low, and Social Security income isn’t taxed. Many towns offer a slower pace of life with easy access to cultural attractions in places like Philadelphia and Pittsburgh.
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Texas
Texas draws retirees with its no-income-tax policy and wide range of affordable housing markets. While property taxes can be high, everyday expenses like groceries and utilities are often lower than the national average. The state’s size means you can choose between bustling cities and quiet rural living.
South Carolina
South Carolina offers mild winters, beautiful beaches, and a reasonable cost of living. The state is tax-friendly for retirees, and healthcare access is strong in urban areas. Smaller towns provide a more relaxed lifestyle while still keeping costs manageable.
Alabama
Alabama is one of the most affordable states in the country, with low housing prices and a low overall cost of living. The warm climate and proximity to the Gulf Coast appeal to retirees seeking sunshine without high costs. Taxes on retirement income are also favorable.
Michigan
While winters can be harsh, Michigan offers surprisingly affordable living for retirees, especially in smaller towns. The state’s abundance of lakes and outdoor activities is a big draw. Housing prices are low, and certain retirement incomes are exempt from state tax.
Iowa
Iowa may not be the first place that comes to mind for retirement, but its low cost of living and strong community feel make it worth considering. Healthcare access is solid, housing is affordable, and small-town charm is easy to find. It’s a practical choice for stretching your retirement savings.
Why These States Stand Out
Retiring comfortably isn’t about finding the cheapest place—it’s about balancing affordability with quality of life. These states offer a mix of reasonable costs, good healthcare, and enjoyable living environments. For retirees, that balance can mean the difference between just getting by and truly enjoying the years ahead.
The article 10 States Where Retiring Comfortably Is Still Possible first appeared on Cents + Purpose.