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10 Most Popular US States Retirees Move to This Year

May 9, 2023 · Retirement Life
states, seniors state
Photo by Joseph Sohm from Shutterstock

Colorado

Retirees who wish to spend as much time as possible outdoors throughout their retirement and maintain an active lifestyle need to consider Colorado. Residents can choose small towns or big cities with easy access to all kinds of museums, restaurants, and universities.

Colorado is known to be extremely tax-friendly with retirees, as all federally taxed social security and a large portion of income are exempt from state taxes. So, if you feel that the Colorado mountains are calling you, then to the mountains you should go. For many retirees, this is the ideal retirement destination.

Georgia

Georgia managed to lure retirees into moving there because of its affordability. There, the weather is always nice, there are plenty of beaches, and there are also various cultural opportunities in some of the best cities in the state, like Savannah and Atlanta.

Besides, geographical diversity is something to take into consideration when it comes to Georgia. Moreover, Social Security benefits are not taxed at all, and taxpayers who are over 65 might have the chance of having up to $65,000 of their retirement income excluded from any state taxes.

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