What Does It Cost to Retire in These US States?

12. Texas

In the Lone Star State, where the average home sells for about $283,000, you'll find the seventh-highest property tax rates in the country. These levies can take a big bite out of retirement savings despite Texas' lack of an income tax. It's a good thing school district taxes freeze for homeowners over 65, and some seniors are eligible for additional tax breaks, homestead exemptions, valuation freezes, and deferments. Sales taxes are also on the high side once state and local rates combine.