Ohio
The cost of living in Ohio is 12 percent below the U.S. average and there are 11.6 million living here. It is in central U.S., so it is fairly easy to travel around the country. If you are thinking of living in the Buckeye State, Bellbrook is worth considering. Retirees will be happy to know that Social Security is not taxed in the state, but the average household income for senior citizens is not that high. Ohio is recommended if you have saved a lot because the average income of senior citizens is $42,667.
Michigan
The Great Lakes State has a population of 9.9 million. The low living costs (12 percent below the national average!), as well as the low poverty rates, makes it appealing. Farmington is the best choice for many retirees here. The tax situation might become worse in the next few years, though.