Those who want to spend their golden years in Idaho will benefit from a reasonable low property tax and no tax on their Social Security benefits. Yet, the Gem State is found in the 21st position. Why? Because its income tax rate is pretty high. The 4th highest on this list, to be precise.
Texas is tax heaven for most seniors. Participants of a recent survey even said Texas is one of the cheapest states to move to during retirement. If you decide to relocate here, you will enjoy your full Social Security benefits since the state doesn’t have taxes on them. In fact, no income taxes are applied here. However, like all things in life, Texas has its downfalls, too. Its high sales tax and property tax rates make it really difficult to purchase a home.
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