Arkansas
The cost of living in Arkansas is 17 percent below the national average. Bella Vista is a great choice, but money will go a long way anywhere in the state. You can enjoy mountains, hot springs, and rivers. Health costs are the third-best for retirees, but state taxes are not that low. Luckily, they do not tax Social Security and retirement income of up to $6,000. Income tax rates can go as high as 6.9 percent if it is more than $75,000. The poverty rates are quite high.
Panama
Panama is the third-largest economy located in Central. Panama City is the biggest city in the country. The weather in Panama is hot almost all year, and can be humid in some months. If you’re someone who loves summer and likes being in the sun all year, the country may be for you!