Maine
There are 1.3 million people living in Maine, where the living costs are lower than the U.S. average by 2 percent. Retirees seem to be fascinated by the awesome city Portland, and if you are someone who likes lobster and seafood, then this state is for you. The costs of healthcare are below the national average, so your savings and retirement income can give you a good life. The tax situation is not bad, with most retirement income getting taxed but Social Security is exempt. Keep in mind, however, that senior households earn lower than the national average by 25.2 percent.
Pennsylvania
The cost of living in Pennsylvania is 3 percent lower than the U.S. average. With 12.8 million people living in it, the state is ideal for city dwellers. Pittsburgh is highly recommended – as a matter of fact, it was named the best U.S. city to retire in by Forbes! Healthcare is inexpensive, in general, and tax breaks definitely make things even easier. However, the financial condition in Pennsylvania is not that great, so in the future, things might change.