Don't Retire Here — U.S. States With The Highest Taxes For Seniors

Identifying the Best U.S. State for Retirement Living
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Identifying the Best U.S. State for Retirement Living
This article was originally published on Constative.com
One of the most remarkable features of the United States is its incredible diversity across all fifty states. Picture this: serene coastal towns with untouched beaches in one state and cozy mountain cabins just a short drive away in another. The variety is truly unmatched. As a result, retirees are spreading out and settling in every nook and cranny of the country. However, some spots undeniably shine brighter than others. That’s why we decided to create a ranking, considering factors like population, state taxes, economic conditions, and amenities specifically designed for seniors.
Connecticut
Retiree Population: 590,000 are 65 or older
Cost of Living Percentage: 24% higher than the national average
Sales Tax: 6.35%
Connecticut, a gem in New England, offers idyllic small towns and breathtaking fall scenes. While it’s 24% pricier than the national average, retirees find ample work opportunities to supplement their income in this picturesque state.
Home to 3.6 million people, with seniors making up 590,000, Connecticut maintains a 6.35% sales tax. Despite its allure, potential residents should note the high property and other tax rates before moving.
New York
Retiree Population: 3.5 million are 65 or older
Cost of Living Percentage: 76% higher than the national average
Sales Tax: 4%
New York defies simple description, blending bustling New York City with its vast rural areas. Despite its allure, living in the city is pricey. Its 20.2 million inhabitants see varied population densities across regions.
With a basic 4% sales tax, New York’s cost can escalate based on location. Nevertheless, the state offers endless activities, ensuring never dull moments.
Rhode Island
Retiree Population: 199,100 are 65 or older
Cost of Living Percentage: 22% higher than the national average
Sales Tax: 7%
Despite its size, Rhode Island is brimming with history and scenic coastlines, boasting fresh seafood and quaint towns. However, its high cost of living, 22% above the national average, and a 7% sales tax reflect its affluent lifestyle, accommodating over a million residents with a relatively small older population.
Rhode Island might not top many lists due to its high living costs, but for those who can afford it, the state offers many opportunities and unique experiences that are hard to find elsewhere.
Washington
Retiree Population: 1.35 million are 65 or older
Cost of Living Percentage: 17% higher than the national average
Sales Tax: 6.5%
Washington boasts a compelling mix of attributes for retirees, from charming mountain towns and vast forests to areas with affordable living. However, it’s a state of contrasts, with 7.8 million residents, 1.35 million aged 65 or above, and varying cost of living.
With a base sales tax of 6.5%, Washington’s financial demands can differ significantly by location. Despite this, its stunning natural beauty and quaint towns make it an irresistible choice for those who cherish nature and community living.

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