Texas
27 million live in Texas, which has a cost of living that is affordable at 10 percent lower than the U.S. average. Dallas and Austin might be appealing to city dwellers, but many retirees prefer San Marcos. You will find folks 65 years old and above that have quite a good average income. Incomes are not heavily taxed either, but the downside is that healthcare is not that affordable and the poverty rates are high. Its senior poverty rate is at 10.8 percent, which is the sixth-highest in the country.
Louisiana
The cost of living in this southern state is 10 percent lower than the average. A great city for retirees is Baton Rouge, but New Orleans is also a fascinating place. With a population of 4.6 million, the state is known for its music, cuisine, and swamps, so you can find plenty of adventures here! However, the incomes are on the low side, with the average for senior citizens at $50,744. Besides that, healthcare costs are 2.1 percent higher than the national average.