Idaho
Nature lovers will love Idaho, which boasts of rugged landscape, mountains, canyons, and lakes. There are 1.6 million living in the state, which has a cost of living that is 5 percent lower than the national average. For retirees, Sandpoint is a great choice, but not if a big city lifestyle is what you want. Senior citizens will find the tax-friendliness a mixed bag, since state tax is 6 percent but state income tax is over 7 percent. On the other hand, Social Security is tax-exempt and there is no inheritance or estate tax.
Idaho
New Mexico
Do not get fooled by what Beter Call Saul and Breaking Bad might tell you – New Mexico is actually a great and peaceful place. The living costs are 5 percent below the U.S. average and the population is at 2.095 million as of 2018. According to SmartAsset, Taos is the state’s best city. However, the tax situation is not the best and Kiplinger says it is the state that is the “Least Tax-Friendly” since retirement income is taxed here. Low-income seniors can expect benefits to offset the fact!
New Mexico
