10 Best States for Retirement

4Iowa

Like other states mentioned above, low living expenses are probably the most important benefit of living in Iowa during your retirement. Also, health care costs are particularly affordable, even below the average in the country. These two things make it a great option for seniors with average incomes. However, the tax policies can be a bit annoying. Though benefits from Social Security are not taxed, your retirement income may be charged up to 9 percent. [5]

Utah

Also known as the Beehive State, Utah is a great destination for active people. It is ranked second when it comes to the overall health of senior citizens. This is not surprising as there is a bunch of outdoor activities and health care facilities available. These include 7 national monuments, 5 national parks, 43 state parks, as well as 5 national forests. You may experience all sorts of activities, from skiing and boating to climbing and hiking. However, make sure to consider the tax laws before making a decision. In Utah, your Social Security benefits will be taxed. But with the higher than average incomes for seniors and low poverty rate, it is still a nice place to live during your retirement. [6]

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