Avoid These States in Retirement If You Want To Keep Your Money
30. Oregon
- Average Social Security benefits: $1,540.08
- State tax on Social Security benefits: No
- Median home list price: $367,262
- Median property tax rate: 0.87%
- Estimated property tax: $3,195
- Cost-of-living index: 137
- Average annual healthcare spending: $7,809
- State sales tax: 0%
29. Louisiana
- Average Social Security benefits: $1,373.64
- State tax on Social Security benefits: No
- Median home list price: $167,121
- Median property tax rate: 0.18%
- Estimated property tax: $301
- Cost-of-living index: 92.9
- Average annual healthcare spending: $6,652
- State sales tax: 9.52%
28. West Virginia
- Average Social Security benefits: $1,462.86
- State tax on Social Security benefits: West Virginia will begin phasing out taxes on Social Security income for most residents in 2021.
- Median home list price: $107,601
- Median property tax rate: 0.49%
- Estimated property tax: $527
- Cost-of-living index: 91.4
- Average annual healthcare spending: $5,959
- State sales tax: 6.41%
27. Wisconsin
- Average Social Security benefits: $1,588.45
- State tax on Social Security benefits: No
- Median home list price: $204,452
- Median property tax rate: 1.76%
- Estimated property tax: $3,598
- Cost-of-living index: 95.9
- Average annual healthcare spending: $7,659
- State sales tax: 5.46%
Related: 10 Best Retirement Plan Options
26. Ohio
- Average Social Security benefits: $1,469.82
- State tax on Social Security benefits: No
- Median home list price: $151,694
- Median property tax rate: 1.36%
- Estimated property tax: $2,063
- Cost-of-living index: 92.8
- Average annual healthcare spending: $6,625
- State sales tax: 7.17%
25. South Dakota
- Average Social Security benefits: $1,489.03
- State tax on Social Security benefits: No
- Median home list price: $206,930
- Median property tax rate: 1.28%
- Estimated property tax: $2,649
- Cost-of-living index: 96.5
- Average annual healthcare spending: $6,952
- State sales tax: 6.40%
24. Florida
- Average Social Security benefits: $1,470.06
- State tax on Social Security benefits: No
- Median home list price: $258,277
- Median property tax rate: 0.97%
- Estimated property tax: $2,505
- Cost-of-living index: 98.4
- Average annual healthcare spending: $6,727
- State sales tax: 7.05%
23. Washington
- Average Social Security benefits: $1,643.06
- State tax on Social Security benefits: No
- Median home list price: $418,279
- Median property tax rate: 0.92%
- Estimated property tax: $3,848
- Cost-of-living index: 111
- Average annual healthcare spending: $8,060
- State sales tax: 9.21%
See: What a Comfortable Retirement Will Cost You in Every State
22. Utah
- Average Social Security benefits: $1,586.67
- State tax on Social Security benefits: Yes
- Median home list price: $356,486
- Median property tax rate: 0.60%
- Estimated property tax: $2,139
- Cost-of-living index: 96.2
- Average annual healthcare spending: $6,305
- State sales tax: 7.18%
21. New Jersey
- Average Social Security benefits: $1,707.85
- State tax on Social Security benefits: No
- Median home list price: $345,051
- Median property tax rate: 1.89%
- Estimated property tax: $6,521
- Cost-of-living index: 124.4
- Average annual healthcare spending: $6,924
- State sales tax: 6.60%
20. New York
- Average Social Security benefits: $1,573.88
- State tax on Social Security benefits: No
- Median home list price: $273,294
- Median property tax rate: 1.23%
- Estimated property tax: $3,362
- Cost-of-living index: 135.0
- Average annual healthcare spending: $6,918
- State sales tax: 8.52%
19. Illinois
https://finance.yahoo.com/news/avoid-30-states-retirement-want-100000900.html
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