State With No Retirement Income: Wyoming
- Percent of 65 and older population: 12.9%
- Income Tax Range: None
- Social Security: None
- Inheritance and Estate Taxes: None
- Median rent per month: $1,050
- Utilities: $121
- Meal at average restaurant: $10
Wyoming is very taxpayer-friendly for your retirement income: no taxes on payments from 401(k) plans, IRAs, or pensions. Why? The Cowboy State doesn’t have an income tax, of course!
Even though Cheyenne, Wyoming’s capital, has a slightly larger population of older adults, Casper may be a more suitable place to retire because utilities’ median monthly rent and cost are lower.
In fact, a survey found that Casper is one of the best places to retire if you’re living on a fixed retirement income. You might also want to consider retiring to this mountain town to maintain an active lifestyle.
If you just plan to visit, Casper offers plenty of outdoor recreation, including fishing, boating, hiking, skiing, etc. It even has a thriving arts and culture scene. So be sure to bring your camera to capture the moments!
I am retired from the State of Texas thru ERS and I am taxed on my retirement and there is all taxes on Estate and inheritances.
How is Tennessee not listed? Maybe I missed it?
I live in Ohio, retired widow for 27 years, had to work because husband died at 48, lost my pension in Steel mills I am still taxed to death because I had to work longer to pay off all his medical bills, and no pension and to build up my Social Security. You cannot get ahead in this state. We are taxed to the hilt here. Tough for retirees to survive.
why not states need taxes broke for senior citizens that retired don’t think we live o fixed income to
Indiana does tax social security. Indiana taxes social security as frderal irs does