Retired in USA

Your golden years are your best years! Make them shine!

  • Home
  • Personal Finance
  • Retirement Life
  • Saving & Spending

NEW: 5 Cheapest States for Retirees This Year

March 30, 2023 · Personal Finance
tax-friendly states, cheap
Photo by Sean Pavone from Shutterstock

Arkansas

Despite being a bit complicated to pronounce if you’re not a native to the state, Arkansas is one of the cheapest states in which retirees can relocate once they have stopped working. This is because, while they do not have the cheapest cost of property in the region (with some of the other entries on our list being even cheaper), it is still a steal to buy a home in the area, with the average price being around $149,000.

Another reason why retirees that live here cite as a great reason to relocate is the fact that the state is very tax-friendly with their senior residents. If you are a resident here, they do not perceive a tax on Social Security benefits, and if you have another type of retirement income, be it that it comes from IRAs or pension plans, the state offers deductions up to $6,000 for all people aged 59 and 1/2 and older! What’s more, property taxes are cheaper than in other states (under a grand a month), but this is balanced out by the high sales tax.

If you are the homeowner of your primary residence in Arkansas, you will also qualify for a homestead tax credit of up to $375, which is available to you even if you are residing in a retirement or nursing home!

Otherwise, retirees love the low cost of Medicare (with the average being around $44 per month, which is pretty cheap), and they cite the outdoor activities of the Natural State as a plus for those retirees that would love to continue to be active. If you find yourself more drawn to the mountains than to the beach, then this state is definitely one to consider!

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • An older man sitting at his kitchen table under morning light, carefully reviewing his Social Security check and paper statements. 8 Signs Your Social Security Payment Was Miscalculated
  • A mature multi-ethnic couple reviews retirement documents together at a sunlit dining table in their home. 7 Social Security Rules for Non-Citizen Retirees
  • An older man sitting at a wooden table organizes medical documents and application papers in his warm, sunlit home. 8 Signs You Qualify for Expedited Social Security Processing
  • An ink and watercolor illustration of a winding path with signs for Age 62, Age 67, and Age 70, symbolizing retirement decisions. 9 Social Security Mistakes That Are Hard to Reverse
  • 7 Signs You Should Appeal a Social Security Decision 7 Signs You Should Appeal a Social Security Decision
  • A reflective woman in her early 60s sits in her sunlit living room, holding a ceramic mug and looking out the window. 8 Social Security Rules Divorced Spouses Often Miss
  • An ink and watercolor illustration of a magnifying glass over a Social Security statement, revealing a growing staircase of tree rings. 9 Signs Your Social Security Statement Underestimates Your Benefit
  • An older American couple sits on a sunlit European balcony overlooking the sea, planning their retirement journey together. 7 Social Security Rules That Change If You Live Abroad
  • An older woman sits thoughtfully at her dining table with documents and a warm mug, reflecting in soft afternoon light. 8 Signs You Should File for Social Security Survivor Benefits
  • An ink and watercolor illustration of a happy senior couple reviewing papers together at a cozy dining table. 8 Programs Offering Free Tax Help to Seniors Regardless of Income Level

Newsletter

Get retirement tips and senior living advice delivered to your inbox.

Related Articles

tax breaks withdrawal

Unlocking Savings: Best Lesser-Known Tax Breaks for Those 65+

A smiling senior woman reviews her financial documents in a bright home office, discovering valuable…

Read More →
An affluent retired couple relaxes on a sunny, waterfront wooden deck in Naples, Florida, overlooking calm waters in the morning light.

America’s Richest Retirees – Here’s Where They Live

Discover exactly where America's wealthiest retirees are relocating in 2026, and learn the tax strategies…

Read More →
A couple reviews financial documents at a table, with travel plans and creative hobby materials present.

The Ultimate Pre-Retirement Checklist: Everything to Do in the 5 Years Before You Retire

5 Years Out: The Vision and Stress Test With five years to go, your first…

Read More →
financial stability in retirement

6 Finance Tips to NEVER Ask Your Kids for Money Again

Most of us strive to achieve financial stability in retirement, but this is not always…

Read More →
A senior couple looking concerned while reviewing financial information on a laptop in a sunlit kitchen.

AI-Generated Tax Mistakes Everyone Should Know About

AI chatbots can make costly mistakes with retiree taxes. Learn about the "training lag," HSA…

Read More →
A retired couple smiling together while securely viewing their direct deposit accounts on a tablet in their sunlit kitchen.

Social Security Direct Deposit Changes You Need to Know About

Learn about recent Social Security direct deposit changes, security rules, payment schedules, and how to…

Read More →
Savings

10 Huge Mistakes That Will Drain Your Savings

A man examines a financial app on his smartphone, illustrating the need to monitor spending…

Read More →
A retired woman smiles warmly at her kitchen table while holding a mug next to her financial planning papers.

The SS Benefits Most Divorced Retirees Forget They’re Entitled To

Discover exactly how to claim Social Security divorced spouse benefits in 2026 to maximize your…

Read More →
An ink and watercolor illustration of a winding path with signs for Age 62, Age 67, and Age 70, symbolizing retirement decisions.

9 Social Security Mistakes That Are Hard to Reverse

Learn 9 critical Social Security claiming mistakes that are hard or impossible to reverse, and…

Read More →
Retired in USA

Your golden years are your best years! Make them shine!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Privacy Policy

Categories

  • Enjoying Retirement
  • Personal Finance
  • Saving & Spending

© 2026 Retired in USA. All rights reserved.