What Does It Cost to Retire in These US States?
6. Alabama
To retire, people living in Alabama need to have squirreled away at least $55,425 annually. The Cotton State is considered welcoming to those in their golden years, with its mild winters and warm, friendly atmosphere. It has a relatively high sales tax, but retirees who own their houses have low property tax rates, sometimes paying as little as $400 per year. A number of retirement income exemptions can make that money stretch even further.
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