15. New Hampshire
- State sales and average local tax: 0 percent
- State tax on your Social Security: None
- Effective property tax: 2.03 percent
- Income tax rate (65+): 5 percent
If the states we’ve already mentioned were decent retirement options, New Hampshire is actually one of the best states to enjoy your golden years. No sales tax, no tax on Social Security, and no state income tax. New Hampshire is indeed tax paradise! Still, New Hampshire is not number one… mainly due to its high property tax rate.
14. Mississippi
- State sales and average local tax: 7.07 percent
- State tax on your Social Security: None
- Effective property tax: 0.65 percent
- Income tax rate (65+): 5 percent
If you truly want to enjoy all of your retirement income, move to Mississippi. Social Security income is not taxed in the Magnolia State, and those who retire here say they tend to spend little money to live comfortably. So what do you think about Mississippi?
