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10 Cheapest States Where You’ll Want to Retire

Missouri

Missouri is an excellent choice of state to choose to retire in if you are looking to live well on a budget. the state has reasonable housing, an affordable cost of living. What stands out the most about Missouri is their moderate tax situation; the fact that in Missouri they do not tax your social security benefits and that they permit you to be able to deduct a portion of your public retirement [6] benefits.

However, Missouri does have a downside which is that their health care cost could be cheaper.

  • The median cost of home in the state: $152,600
  • The plan of monthly cost of Medicare advantage: $43.15
  • The average cost of living in a household per year: $46,159