5 Best States for Retirement in the US in 2024

3. Wyoming

Insider Monkey Score: 24    

IM Healthcare Rank: 36

Cost Of Living Index: 92.4   

Tax Friendliness: Very Tax Friendly

Wyoming outranks states like Michigan and Florida because of its very tax-friendly nature. That’s right-the state doesn’t have an income tax, which is why it’s so popular amongst retirees. All retirement income goes to seniors tax-free, and if someone wants to work, they get to keep all of their income too.