In this piece, we will take a look at the ten best places to retire in the U.S. in 2023. For more retirement options, head on over to 21 Best Places to Retire in U.S. in 2023.
10. Georgia
Insider Monkey’s Score: 3
Georgia is a Southeastern state in the U.S. which was the fourth to be admitted into the Union. Like other retiree-friendly states, it does not tax social security income, and as a cherry on top, Georgia also exempts up to $65,000 in retirement income from state income tax. One of the most affordable places to retire in Georgia is Augusta, and its capital Atlanta is also a highly rated region.
9. Massachusetts
Insider Monkey’s Score: 3
Massachusetts is one of the smallest states in the U.S. but also one of the most densely populated regions in the
U.S. Despite being small, the state is also present in the top fifteen economies in the U.S. with a GDP of $693 billion. Massachusetts has a $99,274 GDP per capita. Two top places to retire in the state are Springfield and Worcester.
8. South Carolina
Insider Monkey’s Score: 3
South Carolina is another far eastern American state which shares a coast with the Atlantic Ocean. South Carolina has a $298 billion GDP and a $56,593 GDP per capita. Some top places to retire in South Carolina are Myrtle Beach, which has affordable houses, and Charleston, with low cost of living and famous food.
7. Indiana
Insider Monkey’s Score: 3
Indiana is one of the smallest states in America but among the top twenty in terms of population. It has a $458 billion economy and a per capita income of $67,143. One of the most affordable places in the state is Fort Wayne, while South Bend ranks higher in healthcare.
6. Ohio
Insider Monkey’s Score: 4
Ohio is a midsized state with the seventh highest GDP in America. It has a GDP per capita of $70,567. Ohio has several great places to retire, such as Cincinnati, Toledo, Cleveland, and Youngstown. Out of these, Youngstown ranks higher in housing affordability while Toledo has the best healthcare.
5. Michigan
Insider Monkey’s Score: 4
Michigan is one of the largest states in America in terms of both population and size. Lansing is quite affordable in real estate and has good healthcare as well.
4. New York
Insider Monkey’s Score: 4
New York is the fourth most populous state in America. It has several different top retirement destinations, which vary in affordability and healthcare. For instance, New York City is quite expensive but has good healthcare, and Syracuse is quite affordable but ranks below NYC in healthcare.
3. North Carolina
Insider Monkey’s Score: 5
North Carolina is one of the most populous regions in the U.S. Pine Knoll Shores is one top place to retire there.
2. Pennsylvania
Insider Monkey’s Score: 13
Pennsylvania is one of the hottest places for retirees. Some places that are often recommended are Lancaster, Harrisburg, York, Allentown, and Reading.
1. Florida
Insider Monkey’s Score: 15
Sunshine, it seems, is good for retirees as well. Floridian cities that are quite popular for retirement are Pensacola, Tampa, Naples, and Daytona Beach. There’s no state income tax in Florida, and the state has low property taxes.
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