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Also seethe cost to retire comfortably for 30 years in every state.
Florida
Its no surprise that Florida is a popular retirement destination.
After all, theres lots of nice weather and plenty of things to do to stay busy.
No state income tax is also good news for lots of retirees.
North Carolina
North Carolina is a bit cheaper for retirees than Florida.
The annual cost of living here is just above $58,000, compared with nearly $62,000 for Florida.
According toRetire NC, some of the reasons to retire in North Carolina include affordability and a nice climate.
Plus, the state increased spending to support older adults.
Texas
PerInsight Wealth Strategies, there are many financial reasons to enjoy the retiree life in Texas.
First, theres no state income tax in Texas.
Second, its generally affordable to live in the state.
The overall cost of living and housing costs are both lower than the national average.
Alabama
Out of the Final Four retirement destinations, Alabama looks to be the most affordable.
Further, Alabama has some tax breaks and good weather for retirees to enjoy.
All data was collected and is up to date as of Jan. 2, 2025.
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