State With No Retirement Income: Florida
- Percent of 65 and older population: 11%
- Income Tax Range: None
- Social Security: None
- Inheritance and Estate Taxes: None
- Median rent per month: $1,542
- Utilities: $125
- Meal at average restaurant: $14
We already know that Florida is one of the best retirement states. But why exactly? Well, it’s considered to be a haven for retirees because it’s tax-friendly and offers a warm climate year-round.
It’s also home to some of the most outstanding retirement communities in our country. But if you’re trying to choose the best CITY for retirement in this state, Tampa is the best retirement choice.
Located on The Sunshine State’s Gulf Coast, Tampa is a dream for seniors who enjoy the water. The average rent here is about $700 cheaper than in Miami. And the cost of monthly utilities is roughly $40 less than in Jacksonville.
In fact, Tampa stands out as one of the top cities in the US where your retirement nest egg stretches the furthest because of its affordable cost of living.
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