The 10 Cheapest States to Retire
Category: Financial and taxes in retirement
June 11, 2018 — Some of the more reliable “10 Best Places to Retire” Lists come from Kiplingers. They recently came out with their “10 Cheapest States to Retire” version, and we think it is a pretty good effort. To come up with their ratings they looked at cost of living, taxes on retirees, average health care costs for retirees, and fiscal health of the state. As is often noted, sometimes you get what you pay for, although in the case of most of these states, you do tend to get more for your retirement dollars.
Although they didn’t numerically rank their “cheapest 10”, one ranking that is clear was cost of living compared to the rest of the U.S. Note that these rankings are on a statewide basis: different areas of different states can have dramatically different living costs. In big
Comments on "The 10 Cheapest States to Retire"
Joe Lacker says:
I am writing about your recent "Cheapest States to Retire" article - in particular the state of South Carolina. My question is does your article about retirement taxes include Social Security, Qualified Pensions, Real Estate taxes and Personal Property taxes? I am particularly concerned about personal property taxes that are placed on Cars, Boats, RVs & Campers. Can you please explain some details regarding the Personal Property Tax and how it affects retirees?
Kind Regards,
Joe
Diane says:
How does Arizona come out!
Ken says:
Folks, if you actually read this article, you will note this is a review of the "Kiplingers" list. Not the "Top Retirements" list.
Kay says:
Joe Lacker, This article provides good information for seniors on SC taxes: https://carolinaliving.com/financial-matters/south-carolina-taxes
As for property tax, millage rates vary by county. Here's a listing of county millage rates for last year: http://www.sccounties.org/Data/Sites/1/media/publications/propertytax2017.pdf
Loralee says:
To Diane, I live in Arizona, and it is very reasonable to live here!
Menne David says:
What happened to Florida? Shouldn’t it be on the list of 10.
Diane says:
Joe Lacker, I've lived near Greenville, Clemson near N.C. mountains. This is. The old South. They don't like northerners buying property. They will not friend you. They stay with their family as friends only. Weather is bad for allergies.