Financial Comparison of the 8 States
To help you visualize the differences, here is a breakdown of how these eight states compare regarding overall affordability and tax treatment. Keep in mind that housing prices fluctuate, but these states consistently remain at the bottom of the national pricing index.
| State | Cost of Living Index (100 = Nat’l Avg) | Social Security Taxability | Retirement Account Taxability |
|---|---|---|---|
| Mississippi | 85.0 | Exempt | Exempt |
| Arkansas | 88.5 | Exempt | Partially Taxed |
| Oklahoma | 86.0 | Exempt | Partially Taxed |
| Alabama | 88.0 | Exempt | Fully Taxed (Pensions Exempt) |
| West Virginia | 87.5 | Exempt (for most) | Fully Taxed |
| Iowa | 89.0 | Exempt | Exempt (Age 55+) |
| South Dakota | 93.0 | Exempt (No State Tax) | Exempt (No State Tax) |
| Indiana | 90.0 | Exempt | Fully Taxed (Flat Rate) |
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