5 Most Tax-Friendly States to Retire in 2024

In this article, we will look at 5 most tax-friendly states to retire in 2024. If you want to read our detailed analysis, head straight to 18 Most Tax-Friendly States to Retire in 2024.

5. Florida

Personal Income Tax Rate: 0%

Property Tax Rate: 0.91%

State Sales Tax Rate: 6.00%

Florida has a sales tax rate of 6% and charges a 0.91% property tax paid as a percentage of owner-occupied housing value. Florida ranks fifth among the most tax-friendly states to retire in 2024.

4. Washington

Personal Income Tax Rate: 0%

Property Tax Rate: 0.87%

State Sales Tax Rate: 6.50%

Washington has a sales tax rate of 6.50% and charges a 0.87% property tax paid as a percentage of owner-occupied housing value. Washington ranks among the most tax-friendly states to retire in 2024.

3. Tennessee

Personal Income Tax Rate: 0%

Property Tax Rate: 0.67%

State Sales Tax Rate: 7%

Tennessee has a sales tax rate of 7% and charges a 0.67% property tax paid as a percentage of owner-occupied housing value.

2. Nevada

Personal Income Tax Rate: 0%

Property Tax Rate: 0.59%

State Sales Tax Rate: 6.85%

Nevada has a sales tax rate of 6.85% and charges a 0.59% property tax paid as a percentage of owner-occupied housing value. Nevada ranks second among the most tax-friendly states to retire in 2024.

1. Wyoming

Personal Income Tax Rate: 0%

Property Tax Rate: 0.56%

State Sales Tax Rate: 4%

Wyoming is the most tax-friendly state to retire in 2024. Wyoming has zero personal income tax and a 4% sales tax rate.

You can also take a look at the 30 Countries With Extreme Poverty and 25 Countries with Highest Tax to GDP Ratio in the World.