5 Best States for Retirement in the US in 2024

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This article takes a look at the 5 best states for retirement in the US in 2024. If you wish to check out our detailed analysis on finding the ideal retirement state, you may go to 15 Best States for Retirement in the US in 2024.

5. Michigan

Insider Monkey Score: 23    

IM Healthcare Rank: 23       

Cost Of Living Index: 90.6   

Tax Friendliness: Tax Friendly

Coming in at number 5 is the state of Michigan. Michigan boasts a cost of living that is 9.4% lower than the national average. Moreover, the tax-friendly state doesn’t tax Social Security benefits, and also provides deductions on other types of retirement income. Out of all the states, Michigan ranks 23rd in terms of healthcare. Many cities and towns within the state offer a good mix of cheap living, healthcare, and amenities.

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