5 of the Best States for Seniors to Retire to This Year

Hopefully, retirement brings a slower, easier, and more stress-free lifestyle. However, much of that depends on where you live. Here are five of the top states to retire. Some of the choices might surprise you, but they all have a low cost of living and a laid-back lifestyle.

Georgia

Hands down, experts rate the Peach State as the best place to retire in the United States. Not only can retirees enjoy a varied, four seasons landscape, but Georgia real estate is priced right. 

The Atlanta area median home price was just a little over $279,000 during the first part of 2021. That's $40,000 less than the national average. Georgia real estate prices are not the only thing that makes this state attractive; overall, the state has a low cost of living as well as low taxes. 

You can talk to a real estate company, like The Georgia Club Realty, about finding a home to retire to in Georgia.

Florida

It's no surprise that Florida is a great place to retire. The warm, tropical weather and endless beaches are a big plus. However, best of all, the Sunshine State does not have a state income tax, and it doesn't tax social security benefits or retirement income either. 

Furthermore, Florida doesn't have an inheritance or estate taxes. Finally, real estate and property taxes are reasonable. If you want to save some serious money during retirement, look to Florida.

Tennessee

With its mild climate and stunning landscapes, the Volunteer State has much to offer. Tennessee has the fifth-lowest cost of living in the country, around 10% below the national average. 

Add in the world-famous music venues, the numerous state parks, and its deep sense of history, Tennessee is the place to be.

Missouri

Surprisingly, the Show-Me State made the experts' top five states to retire in. Its low cost of living makes this state in the American heartland a good place to retire. 

Tax rates are reasonably low, and Missouri's natural beauty might surprise you. If you opt for small-town life, the big cities of St. Louis and Kansas City are not far away when you need them.

Massachusetts

Experts rate the Bay State at #5 mostly due to its wellness score. If you are dependent on healthcare, Massachusetts is home to some of the leading research hospitals in the world. While the cost of living is high, Massachusetts is known for its cosmopolitan and diverse culture.

While these five states are ranked highly by experts, you might find another state to call home in your golden years. When you are ready to retire, do your own research.