5 Most Popular States to Retire to in the U.S.

In this article, we will take a look at the 5 most popular states to retire in the U.S. If you want to check out our detailed analysis on social security, taxes, and COLA; you may go to 15 Most Popular States to Retire in the U.S.

5. Montana

Percentage of retirees: 19.9%

Retirees love Montana as a retirement destination due to its laid-back lifestyle, majestic natural landscapes, and reasonably affordable cost of living. The tax environment is moderately tax-friendly. There is no sales tax, while property taxes are fairly low. However, there are taxes on most forms of retirement income, as well as social security tax for people whose income is above a certain threshold. The state offers retirees a peaceful and laidback lifestyle, thanks to its low population density and sparsely populated areas. Abundant lakes, rivers, and mountains throughout the state offer vast recreation opportunities, and the state boasts some excellent healthcare facilities as well. The cost of living is 3.7% higher than the U.S. average, with some places in the state cheaper to retire to than others.