What Does It Cost to Retire in These US States?

15. Indiana

Indiana doesn't tax Social Security benefits, but retirement income from 401(k) plans, private pensions, IRAs, and military retirement plans are all taxable. Some counties charge an additional income tax on top of the state's 3.23%. These factors contribute to the Hoosier State's reputation as not being very tax-friendly for retirees. Average property tax rates ease a bit with reductions for qualifying seniors over 65. With a median home price of $214,000, a modest income of $46,720 a year is all it takes to live comfortably.