Are you nearing retirement age and unsure of the best state to retire to? Or maybe you’re just curious about which states are the best for retirees in 2022? Look no further! Of essence to retirees are whether the social security benefits are taxable. The following is a list of the five best states to retire and spend your retirement income in. Keep reading to find out why each state made a list.
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1. Florida
Low cost of living: According to Sperling’s Best Places, the cost of living in Florida is about 5% below the national average. This is good news for retirees on a fixed income who want to stretch their dollars as far as possible.
Warm weather: It’s no secret that many people love to retire to a warm climate. Florida’s average temperature is a balmy 72 degrees Fahrenheit.
No state taxes: One of the big draws of retiring to Florida is no state tax including sales tax and property taxes. This can save you significant money if you’re living on a fixed income.
Good healthcare: Florida has some of the best healthcare in the country. It’s ranked as the third best state for healthcare by U.S. News & World Report.
Lots to do: Retirement can be boring if you don’t have anything to do. But in Florida, there’s no shortage of activities and attractions. Whether you like to golf, fish, or relax on the beach, you’ll find what you’re looking for in Florida.
2. Arizona
Low cost of living: Like Florida, Arizona’s cost is also quite affordable. It’s a bit cheaper than Florida, with the cost of living about 8% below the national average.
Warm weather: Arizona is another state with warm weather, making it a popular retirement destination. The average temperature in Arizona is a comfortable 70 degrees Fahrenheit.
No state tax: Retirees in Arizona can also enjoy the same property taxes benefits as those in Florida with no state income tax.
Good healthcare: Healthcare is important for retirees, and Arizona has some of the best healthcare in the country. It’s ranked as the sixth-best state for healthcare by U.S. News & World Report.
Lots to do: There’s no shortage of things in Arizona either. From hiking and biking to exploring the Grand Canyon, there’s something for everyone in this beautiful state.
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3. Georgia
Low cost of living: The cost of living in Georgia is quite reasonable, coming in at about 5% below the national average.
Warm weather: Georgia has a warm climate, with an average temperature of 68 degrees Fahrenheit.
No state tax: Like Florida and Arizona, Georgia also has no state income tax, which can be a big bonus for retirees living on a fixed income.
Good healthcare: Georgia ranks as the ninth-best state for healthcare by U.S. News & World Report.
Lots to do: There are plenty of activities and attractions in Georgia for retirees to enjoy. Whether you like to golf, fish, or explore the great outdoors, you’ll find what you’re looking for in this southern state.
4. Nevada
Low cost of living: Nevada’s cost is quite affordable, coming in at about 6% below the national average.
Warm weather: Nevada has a warm climate, with an average temperature of 66 degrees Fahrenheit.
No state tax: Like Florida, Arizona, and Georgia, Nevada does not have a state income tax and this helps retirement income go further.
Good healthcare: Healthcare is important for retirees, and Nevada has some of the best healthcare in the country. It’s ranked as the seventh-best state for healthcare by U.S. News & World Report.
Lots to do: There are plenty of things in Nevada for retirees to enjoy. From gambling and shows in Las Vegas to hiking and exploring the great outdoors, you’ll find what you’re looking for in this western state.
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5. South Carolina
Low cost of living: South Carolina’s cost is quite reasonable, coming in at about 6% below the national average.
Warm weather: South Carolina has a warm climate, with an average temperature of 64 degrees Fahrenheit.
No state tax: People who are hoping to retire soon, should opt for south caroline state if they want retirement income to go further. Like Florida, Arizona, Georgia, and Nevada, South Carolina also does not have any income taxes including property taxes and sales taxes.
Good healthcare: Healthcare is important for retirees, and South Carolina has some of the best healthcare in the country. It’s ranked as the eighth-best state for healthcare by U.S. News & World Report.
Lots to do: There are plenty of things in South Carolina for retirees to enjoy. From golfing and fishing to exploring historic Charleston, you’ll find what you’re looking for in this southern state.
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6. Colorado
Low cost of living: Colorado’s cost is quite reasonable, coming in at about 8% below the national average.
Warm weather: Colorado has a warm climate, with an average temperature of 60 degrees Fahrenheit.
No state income taxes: Like Florida, Arizona, Georgia, Nevada, and South Carolina, Colorado also does not have a state income tax, helping retirement income go further.
Good healthcare: Healthcare is important for retirees, and Colorado has some of the best healthcare in the country. It’s ranked as the tenth best state for healthcare by U.S. News & World Report.
Lots to do: There are plenty of things to do in Colorado for retirees to enjoy. From skiing and hiking to exploring the great outdoors, you’ll find what you’re looking for in this western state.
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7. Texas
Low cost of living: Texas’s cost is quite reasonable, coming in at about 8% below the national average.
Warm weather: Texas has a warm climate, with an average temperature of 70 degrees Fahrenheit.
No state income taxes: Like Florida, Arizona, Georgia, Nevada, South Carolina, and Colorado, Texas also does not have a state income tax.
Good healthcare: Healthcare is important for retirees, and Texas has some of the best healthcare in the country. It’s ranked as the eleventh best state for healthcare by U.S. News & World Report.
Lots to do: There are plenty of things in Texas for retirees to enjoy. From golfing and fishing to exploring the great outdoors, you’ll find what you’re looking for in this southern state.
8. Oregon
Low cost of living: Oregon’s cost is quite reasonable, coming in at about 10% below the national average.
Warm weather: Oregon has a warm climate, with an average temperature of 62 degrees Fahrenheit.
No state income tax: If you want your retirement income to go further, consider retiring in Orwengo. Like Florida, Arizona, Georgia, Nevada, South Carolina, Colorado, and Texas, Oregon also does not have a state income tax.
Good healthcare: Healthcare is important for retirees, and Oregon has some of the best healthcare in the country. It’s ranked as the twelfth best state for healthcare by U.S. News & World Report.
Lots to do: There are plenty of things in Oregon for retirees to enjoy. From golfing and fishing to hiking and exploring the great outdoors, you’ll find what you’re looking for in this western state.
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9. Idaho
Low cost of living: Idaho’s cost is quite reasonable, coming in at about 12% below the national average.
Warm weather: Idaho has a warm climate, with an average temperature of 59 degrees Fahrenheit.
No state income tax: Florida, Arizona, Georgia, Nevada, South Carolina, Colorado, Texas, and Idaho also does not have a state income tax which helps retirement income go further.
Good healthcare: Healthcare is important for retirees, and Idaho has some of the best healthcare in the country. It’s ranked as the thirteenth best state for healthcare by the United Health Foundation & World Report.
Lots to do: There are plenty of things to do in Idaho for retirees to enjoy. From golfing and fishing to hiking and exploring the great outdoors, you’ll find what you’re looking for in this western state.
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Conclusion
These are just a few of the best states for retirees to consider. When making your decision, be sure to consider all of the factors that are important to you, especially property taxes, property tax relief, estate tax, local taxes, inheritance tax, state sales tax, and sales tax. With so many great options available, you’re sure to find the perfect state for your retirement.