If you are starting to think about retirement plans, where you live will be one of your biggest and most exciting decisions. It’s important to keep in mind several factors, including the cost of living, the state income tax rate, and the population of people over 65 years of age. Luckily, we have done the research and have prepared a list of the top 25 places to retire in the U.S.A.
1. Huntsville, Alabama
With 13.7% of the population being over 65 years of age, retirees will be in good company. The cost of living is 4.7% below the national average. Retirees do not pay state property tax and Social Security is exempt from state income tax, making the Yellowhammer state a tax friendly option for seniors. The mild climate lends itself to plenty of outdoor recreational activities such as fishing and hiking.
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