What Does It Cost to Retire in These US States?
2. Mississippi
Mississippi is one of the friendliest spots to consider when it comes to retirees. The Magnolia State has extremely low property taxes, which average about 0.80 percent. Sales tax is moderate, and all forms of retirement income are exempt from taxation. Home values are typically lower than $80,000, and homeowners spend less than $500 in property taxes. This means you can comfortably live on a minimum annual income of $53,072.
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