Wisconsin
Wisconsin has a cost of living that rests 4 percent below the national average and a population of 5.8 million. For retirees, the best city is Madison and if you like cheese, the state can give you your fix. In general, the state has low living costs, and low-income retirees can have certain tax breaks here, but it is not really tax-friendly when it comes to income. Social Security is exempt but the state taxes most retirement income. On top of that, the household income of senior citizens is the lowest in the country and the costs of healthcare are pricier than usual.
Illinois
There are 12.9 million living in Illinois, where the cost of living is 4 percent below the national average. Niche.com reports that for retirement living, a good choice is Leland Grove. However, the state’s fiscal standing has been going down for a while and sadly, the state is the second-lowest when it comes to fiscal security. Various retirement incomes do not have guaranteed tax breaks, and sales taxes are quite high.