If you’re looking to retire, you may wonder which state is the best place to do so. There are many factors to consider when making this decision, including the cost of living, climate, taxes, and healthcare.
The weather is warm and sunny year-round, perfect for those who want to avoid cold winters. In addition, Florida has no state income tax, which can save retirees a significant amount of money.
The state also a relatively low cost of living, and the towns offer a wide variety of amenities, including excellent healthcare, a vibrant cultural scene, and plenty of shopping and dining.
Maine scored particularly well in the affordability category, thanks to its relatively low cost of living. Also, Maine does not tax Social Security income. Maine has a 5.5% state sales tax rate and does not levy local taxes.
The state a boasts a low cost of living and lack of state income tax, making it an ideal place to stretch your retirement savings. With an average annual temperature of 70 degrees, you can enjoy all South Carolina has to offer year-round.