Mississippi
Mississippi offers great tax breaks and living costs that are 15 percent below the U.S. average. The Magnolia State has a population of 3 million and the Hide-A-Way Lake area is ideal for retirees. The state offers tax exemptions on 401Ks, IRAs, and other Social Security incomes. Compared to the rest of the country, the property taxes here are lower than most but the senior poverty rate is high and the senior health ranking is pretty bad.
Mississippi
Indiana
Indiana is one of the top choices due to its affordable cost of living (15 percent lower than the U.S. average). It has a population of 6.6 million and for retirees, Meridian Hills is the best choice. However, Indiana is still better for seniors who have a lot of savings as the annual income is below the national average by 21.4 percent. Retirement income is also taxable, except Social Security.
Indiana
