Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

10 Most Tax-Friendly States For Retired Taxpayers

May 31, 2021 · Retirement Life

6th Best: Colorado

The downside: Similar to South Carolina, the average combined state and local sales tax rate is 7.72%, with groceries and prescription drugs exempt from sales taxes. Up to $24,000 in Social Security benefits or other retirement income is not taxable in the case of Colorado seniors aged 65 and more. Anything else exceeding the threshold is subject to taxes.

Why it’s still a good place to move: If the fresh, mountain air is not a good enough incentive, let’s also add the extremely low property taxes. The median is somewhere at $494 per $100,000 in home value and seniors also have access to a variety of programs that can help them save on taxes even more. This includes a 50% exemption on the first $200,000 in value for residents living in Colorado for a long time.

Read also: 26 States That Do Not Tax Your Social Security Benefits

Pages: 1 2 3 4 5 6 7 8 9 10 11

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill 9 Scenic (and Cheap) Destinations That Rarely Disappoint
  • A retiree looks out over a lush tropical valley at sunset from a terracotta balcony, holding a coffee mug. 10 Best Countries to Retire Abroad in 2027
  • A retired couple stands amidst moving boxes in their living room, bathed in warm afternoon sunlight during their relocation process. 8 Common Relocation Mistakes Retirees Tend to Make
  • 7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month
  • A retired couple at a kitchen table looking at a map and tablet, planning their next move to a surprise retirement destination. 8 Places That Surprise Retirees in the Best Possible Way
  • A panoramic watercolor illustration showing a transition from green mountains to red deserts and blue lakes. 11 Nature-Filled Destinations Perfect After 60
  • A retired couple sits on a coastal bench in Maine at twilight, looking out at a harbor with lobster boats. 9 Charming Northern Spots for Retirement
  • A stylized gouache illustration of a western landscape featuring mountains, red rock mesas, and pine forests under a warm afternoon sun. 10 Western Retirement Spots with Incredible Lifestyle Appeal
  • Three active seniors walking through a vibrant, sunlit downtown plaza with a dog and coffee, representing a fulfilling retirement lifestyle. 9 Places Where Seniors Are Finding More Things to Do
  • A senior man at a kitchen table early in the morning, looking at a laptop with a financial graph, representing proactive retirement planning Social Security's 2027 COLA Forecast Just Changed - Here's What Retirees Should Know

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill

9 Scenic (and Cheap) Destinations That Rarely Disappoint

Discover nine scenic and affordable travel destinations perfect for retirees, featuring hidden gems that maximize…

Read More →

18 Surprisingly Affordable Retirement Destinations You’ve Never Considered Before

Georgetown, Texas Located in central Texas, about 27 miles from Austin but much less noisy…

Read More →

15 Planning Mistakes That Can Hurt Your Retirement

Relying on Social Security Benefits Social Security was designed to provide an income stream to…

Read More →

10 States to Retire For Less Than 45K a Year

Kansas Here, you’ll only pay on annual expenditures $44,143. Kansas is one of those states…

Read More →

Most Important Financial Benefits For Retirees Offered By Each State

Illinois – Social Security and all income from federally qualified retirement plans are exempt from…

Read More →

These 10 Small Towns Are Perfect for All Retirees

Explore 10 ideal small towns for retirees, featuring affordable costs of living, excellent healthcare, and…

Read More →

5 Pros & Cons for Claiming Social Security Early

5. You Can Afford To We’ve said it once, we’ll say it again! Your Social…

Read More →
A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement.

10 Best Places to Retire That Won’t Break the Bank

Discover the 10 best affordable places to retire, balancing low housing costs, tax-friendly policies, and…

Read More →

7 Key Social Security Benefits You Might Be Unaware Of

A man in a wheelchair paints in a bright studio, showing how disability benefits support…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.