The Magnolia state may offer the lowest cost of living of any other state, but Mississippi also ranks 47th in healthcare and 49th for overall quality of life. The state was among the five lowest states for retiree health care based on the number of physicians and dentists and the quality of hospitals. Mississippi also has the lowest life expectancy of any state. Although the state exempts all forms of retirement from taxation, including Social Security benefits, and enjoys low property taxes, its sales tax is moderate.

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