What Does It Cost to Retire in These US States?

7. New York

Despite expensive housing that's sometimes more than double the national average, New York has made retiring there more attractive than some might expect. While sales tax is relatively high, it doesn’t apply to clothing under $110, groceries, or medications. State, local, and federal pensions are tax-exempt, and the Enhanced Star program provides an attractive real estate tax break. If you choose someplace outside of the priciest boroughs and have about $84,035 per year, a New York retirement could be a win for you.