Montana has seen a fairly large increase of retirees since the early 2000s. With relatively low costs of living, it's an ideal place for seniors in many ways. Healthcare costs have also decreased between 2017 and 2018, giving retirees a help with a major expense.
Percentage increase of senior population, 2007 to 2017: 40%
Average monthly costs for healthcare: $321
State income tax rate: 1% to 6.9%
New Hampshire is an excellent place for retirees to escape income tax (the state doesn't tax wages, salaries, or Social Security or retirement account disbursements) and sales tax, too.
Percentage increase of senior population, 2007 to 2017: 42.1%
Average monthly costs for healthcare: $303
State income tax rate: none
Oregon has seen quite a few retirees move there in the past few years. Plus, Oregon offers relatively low healthcare costs.
Percentage increase of senior population, 2007 to 2017: 43.6%
Average monthly costs for healthcare: $296
State income tax rate: 5% to 9.9%
Texas has lots of affordable homes, nice weather, and many other retirees to meet and mingle with.
Percentage increase of senior population, 2007 to 2017: 45.6%
Average monthly costs for healthcare: $286
State income tax rate: none
Retirees have been flocking to Utah during the past 10 years, and with affordable healthcare costs and fairly low taxes, it's likely they'll keep moving there in 2020.
Percentage increase of senior population, 2007 to 2017: 47%
Average monthly costs for healthcare: $271
State income tax rate: 4.95%
With a large senior population and no income tax, Washington state might be an ideal place to retire.
Percentage increase of senior population, 2007 to 2017: 48%
Average monthly costs for healthcare: $319
State income tax rate: none
Idaho has seen an almost 50% increase in seniors moving in during the last decade measured. Low taxes and affordable healthcare costs might keep retirees coming in through 2020.
Percentage increase of senior population, 2007 to 2017: 49.4%
Average monthly costs for healthcare: $282
State income tax rate: 1.13% to 6.93%
Arizona has seen an 18% drop in average monthly healthcare costs between 2018 and 2019. If that trend continues, even more seniors will be flocking to this sunny southwestern state in 2020.
Percentage increase of senior population, 2007 to 2017: 49.6%
Average monthly costs for healthcare: $333
State income tax rate: 2.59% to 4.54%
Georgia has over 50% more retirees than it idd 10 years ago. Over the past year, healthcare costs there have dropped by 15%. Combine that with relatively low costs of living, and it's easy to see why Georgia is so attractive to retirees.
Percentage increase of senior population, 2007 to 2017: 50.3%
Average monthly costs for healthcare: $316
State income tax rate: 1% to 5.75%
South Carolina has some very affordable costs of living, and has grown its senior population significantly over the past decade measured.
Percentage increase of senior population, 2007 to 2017: 50.7%
Average monthly costs for healthcare: $405
State income tax rate: 1% to 7%
Over the past 1o years, Colorado has had a boom in retirees, and with lots of nature to explore, it's bringing in lots of older people.
Percentage increase of senior population, 2007 to 2017: 55.7%
Average monthly costs for healthcare: $336
State income tax rate: 2.59% to 4.54%
Nevada has seen a big spike in retirees in the past decade, and it might be thanks to the state's generous tax policies.
Percentage increase of senior population, 2007 to 2017: 57.8%
Average monthly costs for healthcare: $292
State income tax rate: none
While healthcare might be less affordable in this state than in many others, it doesn't have income tax. Alaska's 65-and-up population has grown the most of any state in the US, and it doesn't seem that retirees will stop flocking there in 2020. Alaska might be the new Florida thanks to a large retiree population and low taxes.
Percentage increase of senior population, 2007 to 2017: 70.7%
Average monthly costs for healthcare: $461
State income tax rate: none
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