Retirement Planning by State
Where you retire matters. State taxes, property costs, and cost of living can dramatically affect how long your savings last. Explore our state-specific guides to understand the financial landscape in the most popular retirement destinations.
Alabama
AL
Income Tax2% to 5% (progressive)
Property Tax0.40%
Cost of Living87
Median Home$210,000
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Alaska
AK
Income TaxNone
Property Tax1.04%
Cost of Living127
Median Home$350,000
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Arizona
AZ
Income Tax2.5% flat rate
Property Tax0.51%
Cost of Living103
Median Home$390,000
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Arkansas
AR
Income Tax2% to 4.4% (progressive)
Property Tax0.57%
Cost of Living86
Median Home$185,000
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California
CA
Income Tax1% to 13.3% (progressive)
Property Tax0.71%
Cost of Living142
Median Home$793,000
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Colorado
CO
Income Tax4.4% flat rate
Property Tax0.49%
Cost of Living105
Median Home$540,000
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Connecticut
CT
Income Tax3% to 6.99% (progressive)
Property Tax1.79%
Cost of Living121
Median Home$390,000
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Delaware
DE
Income Tax2.2% to 6.6% (progressive)
Property Tax0.53%
Cost of Living103
Median Home$350,000
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Florida
FL
Income TaxNone
Property Tax0.80%
Cost of Living103
Median Home$404,000
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Georgia
GA
Income Tax5.49% flat rate
Property Tax0.83%
Cost of Living93
Median Home$320,000
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Hawaii
HI
Income Tax1.4% to 11% (progressive)
Property Tax0.27%
Cost of Living192
Median Home$835,000
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Idaho
ID
Income Tax5.8% flat rate
Property Tax0.56%
Cost of Living97
Median Home$430,000
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Illinois
IL
Income Tax4.95% flat rate
Property Tax1.97%
Cost of Living93
Median Home$260,000
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Indiana
IN
Income Tax3.05% flat rate
Property Tax0.75%
Cost of Living90
Median Home$230,000
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Iowa
IA
Income Tax4.4% flat rate
Property Tax1.43%
Cost of Living90
Median Home$210,000
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Kansas
KS
Income Tax3.1% to 5.7% (progressive)
Property Tax1.28%
Cost of Living87
Median Home$225,000
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Kentucky
KY
Income Tax4.0% flat rate
Property Tax0.80%
Cost of Living87
Median Home$200,000
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Louisiana
LA
Income Tax4.25% flat rate
Property Tax0.51%
Cost of Living91
Median Home$205,000
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Maine
ME
Income Tax5.8% to 7.15% (progressive)
Property Tax1.09%
Cost of Living113
Median Home$360,000
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Maryland
MD
Income Tax2% to 5.75% (progressive)
Property Tax0.99%
Cost of Living115
Median Home$420,000
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Massachusetts
MA
Income Tax5% (9% on income over $1M)
Property Tax1.12%
Cost of Living135
Median Home$585,000
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Michigan
MI
Income Tax4.25% flat rate
Property Tax1.33%
Cost of Living90
Median Home$235,000
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Minnesota
MN
Income Tax5.35% to 9.85% (progressive)
Property Tax1.02%
Cost of Living97
Median Home$340,000
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Mississippi
MS
Income Tax0% to 5% (progressive)
Property Tax0.63%
Cost of Living84
Median Home$165,000
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Missouri
MO
Income Tax2% to 4.8% (progressive)
Property Tax0.88%
Cost of Living89
Median Home$235,000
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Montana
MT
Income Tax4.7% flat rate
Property Tax0.74%
Cost of Living97
Median Home$440,000
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Nebraska
NE
Income Tax2.46% to 5.84% (progressive)
Property Tax1.54%
Cost of Living92
Median Home$250,000
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Nevada
NV
Income TaxNone
Property Tax0.48%
Cost of Living104
Median Home$430,000
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New Hampshire
NH
Income TaxNone
Property Tax1.86%
Cost of Living115
Median Home$450,000
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New Jersey
NJ
Income Tax1.4% to 10.75% (progressive)
Property Tax2.13%
Cost of Living120
Median Home$500,000
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New Mexico
NM
Income Tax1.7% to 5.9% (progressive)
Property Tax0.67%
Cost of Living93
Median Home$290,000
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New York
NY
Income Tax4% to 10.9% (progressive)
Property Tax1.62%
Cost of Living148
Median Home$450,000
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North Carolina
NC
Income Tax4.5% flat rate
Property Tax0.70%
Cost of Living96
Median Home$330,000
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North Dakota
ND
Income Tax0% to 2.5% (progressive)
Property Tax0.94%
Cost of Living91
Median Home$250,000
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Ohio
OH
Income Tax0% to 3.5% (progressive)
Property Tax1.41%
Cost of Living89
Median Home$215,000
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Oklahoma
OK
Income Tax0.25% to 4.75% (progressive)
Property Tax0.85%
Cost of Living86
Median Home$195,000
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Oregon
OR
Income Tax4.75% to 9.9% (progressive)
Property Tax0.82%
Cost of Living113
Median Home$480,000
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Pennsylvania
PA
Income Tax3.07% flat rate
Property Tax1.36%
Cost of Living97
Median Home$270,000
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Rhode Island
RI
Income Tax3.75% to 5.99% (progressive)
Property Tax1.30%
Cost of Living108
Median Home$420,000
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South Carolina
SC
Income Tax0% to 6.4% (progressive)
Property Tax0.53%
Cost of Living94
Median Home$290,000
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South Dakota
SD
Income TaxNone
Property Tax1.01%
Cost of Living93
Median Home$290,000
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Tennessee
TN
Income TaxNone
Property Tax0.56%
Cost of Living90
Median Home$315,000
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Texas
TX
Income TaxNone
Property Tax1.60%
Cost of Living92
Median Home$301,000
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Utah
UT
Income Tax4.55% flat rate
Property Tax0.52%
Cost of Living101
Median Home$475,000
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Vermont
VT
Income Tax3.35% to 8.75% (progressive)
Property Tax1.73%
Cost of Living112
Median Home$375,000
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Virginia
VA
Income Tax2% to 5.75% (progressive)
Property Tax0.74%
Cost of Living103
Median Home$390,000
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Washington
WA
Income TaxNone
Property Tax0.84%
Cost of Living110
Median Home$580,000
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West Virginia
WV
Income Tax2.36% to 5.12% (progressive)
Property Tax0.55%
Cost of Living84
Median Home$145,000
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Wisconsin
WI
Income Tax3.5% to 7.65% (progressive)
Property Tax1.51%
Cost of Living94
Median Home$280,000
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Wyoming
WY
Income TaxNone
Property Tax0.55%
Cost of Living95
Median Home$320,000
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