5 Best States to Retire On Social Security

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This article takes a look at the 5 best states to retire on social security. If you wish to check out our detailed analysis on finding the best retirement state, you may go to the 15 Best States to Retire on Social Security.

5. Georgia

Insider Monkey Rank: 4

Cost of Living Index: 90.9

Health Index: 99.5

Tax Friendliness: Very Tax-friendly

Crime Rate: 400.1 per 100k

Another state known for its retirement tax-friendliness is Georgia. Social security benefits are not taxed in this state. AARP notes that the state offers generous tax breaks for seniors. For example, other types of retirement income are provided a maximum deduction of $65,000 each for seniors aged 65 or older. Property taxes are moderate, and there is no inheritance or estate tax levied either. Meanwhile, the average combined sales tax rate is high at 7.4%.

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