9 Worst U.S. States To Retire
8) Minnesota
The Land of 10,000 Lakes is consistently included in the list of least tax-friendly states for retirees. The state even taxes social security benefits. Even other retirement income like military, government, and private pensions are taxable.
While the average household income for individuals 65 and older, which is at 13.7% below the U.S. average, is beneath the thresholds for highest tax bracket, the cost of living in Minnesota is way above average. Even lifetime health care and median home value for people 65 and older are higher than the national average.
8) Minnesota
The Land of 10,000 Lakes is consistently included in the list of least tax-friendly states for retirees. The state even taxes social security benefits. Even other retirement income like military, government, and private pensions are taxable.
While the average household income for individuals 65 and older, which is at 13.7% below the U.S. average, is beneath the thresholds for highest tax bracket, the cost of living in Minnesota is way above average. Even lifetime health care and median home value for people 65 and older are higher than the national average.
