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Methodology: For this study, GOBankingRates analyzed each U.S. state to find the best to worst-ranked states. First GOBankingRates found the cost-of-living indexes as sourced from the Missouri ...
Top 10 States Ranked by Cost of Living West Virginia. Annual cost of living: $33,649. State tax on Social Security: will end in 2026, according to AARP. Effective property tax: 0.59%. Income tax ...
The cost of living is also 17% lower than most other places in the U.S. Only 3.1 million people live in the state, of whom 542,500 are 65 or older. However, it's not perfect, as the sales tax is 6 ...
The survey of 1,000 U.S. adults found that top factors in choosing a retirement locale are cost of living (55% of respondents), climate (50%) and proximity to loved ones (41%). Moving Away Can ...
The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to Hawaii at 119.3 (the most expensive state). In other words, an income of $0.84 in Mississippi equals an ...
The heavy affordability weighting means high-cost states such as California, New York and Washington often show poorly in the Bankrate retirement rankings. Best and worst states to retire in 2024 ...