State With No Retirement Income: South Dakota
- Percent of 65 and older population: 16.4%
- Income Tax Range: None
- Social Security: None
- Inheritance and Estate Taxes: None
- Median rent per month: $600
- Utilities: $145
- Meal at average restaurant: $11
South Dakota might not first come to mind as one of the best places to retire.
Yet, it was the top moving destination in 2016, with the highest percentage of people, including retirees, moving there than any other state, according to United Van Lines 40th Annual National Movers Study.
It’s one of the best places to retire for under $1,000 a month, and Aberdeen has the highest percentage of adults 65 years and older of any city on our list, as well as the cheapest median rent of any other city.
Aberdeen also boasts a senior center that provides recreation and support services for retirees. And it even offers plenty for outdoor enthusiasts, including hunting and fishing.
4 thoughts on “Retirement Income Coming In? These 7 Reliable States WON’T Tax You”
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.
texas does not levy an income tax on any personal income, but you will be taxed on realestate and sales tax
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.