{"id":25807,"date":"2025-08-27T05:18:11","date_gmt":"2025-08-27T05:18:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/25807\/"},"modified":"2025-08-27T05:18:11","modified_gmt":"2025-08-27T05:18:11","slug":"retirement-readiness-in-all-50-states-how-do-you-compare","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/25807\/","title":{"rendered":"Retirement Readiness in All 50 States: How Do You Compare?"},"content":{"rendered":"\n<p class=\"yf-1090901\">You might find yourself adjusting your <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/planning-for-retirement\/?hyperlink_type=manual&amp;utm_term=incontent_link_1&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=1&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:retirement;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">retirement<\/a> savings strategy before 2025 ends, especially if you\u2019re worried you don\u2019t have enough money saved up. Key findings from a new study by GOBankingRates indicate the average retirement savings balance is $315,000 or more in all 50 states.<\/p>\n<p class=\"yf-1090901\"><strong>Check Out: <a href=\"https:\/\/www.gobankingrates.com\/original-research-center\/?hyperlink_type=manual&amp;utm_term=related_link_1&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=2&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GOBankingRates Original Research Center;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOBankingRates Original Research Center<\/a><\/strong><\/p>\n<p class=\"yf-1090901\"><strong>Learn More: <a href=\"https:\/\/www.gobankingrates.com\/saving-money\/savings-advice\/retired-boomer-bills-canceled-this-year-that-were-waste-of-money\/?hyperlink_type=manual&amp;utm_term=related_link_2&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=3&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:I&#039;m a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">I&#8217;m a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money<\/a><\/strong><\/p>\n<p class=\"yf-1090901\">To determine how ready the average person is for retirement, GOBankingRates looked at key data in every state such as the average savings for retirement households and the state and local tax rate. Data was scored and weighted to show the states with the highest retirement readiness: the average retirement savings (1.50), average total cost of living (1.00), state and local tax rate (1.00) and states that tax Social Security income (0.25).<\/p>\n<p>     <img fetchpriority=\"high\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ iStock.com\" loading=\"eager\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ iStock.com           <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>New Hampshire ranks as the most retirement ready state in America.<\/strong> Key factors that propelled The Granite State to the top include a 0% state and local tax rate and no tax on Social Security. The average retirement savings balance is $512,781.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Four states in the top 10 <\/strong>have average retirement savings of more than $500,000: New Hampshire (#1), Alaska (#2), Connecticut (#6) and New Jersey (#9).<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Connecticut (#6) is the only state in the top 10 with a tax on Social Security.<\/strong><\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Three states with a 0% state and local tax rate <\/strong>\u2014 New Hampshire (#1), Delaware (#3) and Oregon (#4) \u2014 ranked in the top five. The fourth state, Montana, came in 19th place.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Utah came in dead last for retirement readiness.<\/strong> The average retirement savings balance is $315,160, the smallest balance out of all 50 states.<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Across all 50 states, <\/strong>the average retirement savings balance is $429,525.<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\">Here\u2019s what retirement readiness looks like from coast to coast in the <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/how-far-1-5-million-plus-social-security-goes-in-every-state\/?hyperlink_type=manual&amp;utm_term=incontent_link_2&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=4&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:United States;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">United States<\/a>.<\/p>\n<p class=\"yf-1090901\"><strong>Explore More: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/i-asked-chatgpt-when-able-retire-based-on-current-finances\/?hyperlink_type=manual&amp;utm_term=related_link_3&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=5&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:I Asked ChatGPT When I\u2019ll Be Able To Retire Based on My Current Finances \u2014 Here\u2019s What It Said;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">I Asked ChatGPT When I\u2019ll Be Able To Retire Based on My Current Finances \u2014 Here\u2019s What It Said<\/a><\/strong><\/p>\n<p class=\"yf-1090901\"><strong>See Next: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/i-asked-chatgpt-what-trumps-big-beautiful-bill-means-for-retirees-taxes\/?hyperlink_type=manual&amp;utm_term=related_link_4&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=6&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:I Asked ChatGPT What Trump\u2019s \u2018Big Beautiful Bill\u2019 Means for Retirees\u2019 Taxes \u2014 Here\u2019s What It Said;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">I Asked ChatGPT What Trump\u2019s \u2018Big Beautiful Bill\u2019 Means for Retirees\u2019 Taxes \u2014 Here\u2019s What It Said<\/a><\/strong><\/p>\n<p>     <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ Getty Images           <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $512,781<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $525,367<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $55,263<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 0.00%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Be Aware: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/ways-trumps-big-beautiful-bill-will-change-how-plan-for-retirement\/?hyperlink_type=manual&amp;utm_term=related_link_5&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=7&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:4 Ways Trump\u2019s \u2018Big Beautiful Bill\u2019 Will Change How You Plan for Retirement;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">4 Ways Trump\u2019s \u2018Big Beautiful Bill\u2019 Will Change How You Plan for Retirement<\/a><\/strong><\/p>\n<p>     <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Rocky Grimes \/ Shutterstock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Rocky Grimes \/ Shutterstock.com           <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $503,822<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $390,416<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $49,122<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 1.82%<\/p>\n<\/li>\n<\/ul>\n<p>     <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ Getty Images           <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $454,679<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $404,242<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $45,565<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 0.00%<\/p>\n<\/li>\n<\/ul>\n<p> Story Continues <\/p>\n<p>   <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Shunyu Fan \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Shunyu Fan \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $452,558<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $516,004<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $56,618<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 0.00%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $492,965<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $416,081<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $46,404<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 5.77%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Muhammad Zulkifal \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Muhammad Zulkifal \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $545,754<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $459,126<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $51,124<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.35%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Discover More: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/key-signs-youll-run-out-of-retirement-funds-too-early\/?hyperlink_type=manual&amp;utm_term=related_link_6&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=8&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:6 Key Signs You\u2019ll Run Out of Retirement Funds Too Early;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">6 Key Signs You\u2019ll Run Out of Retirement Funds Too Early<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"pabradyphoto \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> pabradyphoto \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $465,127<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $234,595<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $31,425<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.94%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Althom \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Althom \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $462,075<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $282,948<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $35,997<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.34%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $514,245<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $584,141<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $61,636<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.60%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"sborisov \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> sborisov \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $485,501<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $449,888<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $51,726<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.00%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"JT Crawford \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> JT Crawford \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $441,757<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $223,560<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $30,625<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.00%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>That\u2019s Interesting: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/cheapest-places-retire\/?hyperlink_type=manual&amp;utm_term=related_link_7&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=9&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:50 Cheapest Places To Retire Across America;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">50 Cheapest Places To Retire Across America<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"ehrlif \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> ehrlif \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $439,568<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $257,567<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $33,107<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.00%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Jon Mattrisch \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Jon Mattrisch \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $448,975<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $332,676<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $40,394<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 5.72%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"pabradyphoto \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> pabradyphoto \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $449,628<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $318,047<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $39,202<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.11%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Kruck20 \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Kruck20 \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $464,104<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $339,472<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $40,099<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.00%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $494,569<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $404,003<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $48,236<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.39%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Explore Next: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/best-retirement-towns-youve-never-heard-of-but-should-consider-in-2025\/?hyperlink_type=manual&amp;utm_term=related_link_8&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=10&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:The 7 Best Retirement Towns You\u2019ve Never Heard Of (but Should Consider in 2025);elm:context_link;itc:0;sec:content-canvas\" class=\"link \">The 7 Best Retirement Towns You\u2019ve Never Heard Of (but Should Consider in 2025)<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Tony Cane-Honeysett \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Tony Cane-Honeysett \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $449,486<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $306,515<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $37,203<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.49%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Sean Pavone \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Sean Pavone \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $452,703<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $240,632<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $31,490<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.78%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"constantgardener \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> constantgardener \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $390,768<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $465,657<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $49,293<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 0.00%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"halbergman \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> halbergman \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $427,462<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $244,520<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $33,215<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.30%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Jennifer_Sharp \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Jennifer_Sharp \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $437,396<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $473,815<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $50,771<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.03%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Read More: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/i-asked-chatgpt-when-i-could-retire\/?hyperlink_type=manual&amp;utm_term=related_link_9&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=11&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:I Asked ChatGPT When I Could Retire \u2014 I Couldn\u2019t Believe the Answer;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">I Asked ChatGPT When I Could Retire \u2014 I Couldn\u2019t Believe the Answer<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Sean Pavone \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Sean Pavone \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $435,254<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $338,449<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $39,026<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.44%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"EJ_Rodriquez \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> EJ_Rodriquez \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $449,983<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $288,650<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $36,096<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.92%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"BackyardProduction \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> BackyardProduction \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $434,328<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $308,148<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $36,601<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.20%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"iStock \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> iStock \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $478,947<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $682,333<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $74,255<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.25%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Ultima_Gaina \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Ultima_Gaina \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><b>Average retirement savings balance:<\/b> $405,732<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><b>Average home value:<\/b> $254,239<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><b>Total cost of living for homeowners annually:<\/b> $32,944<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><b>Tax on Social Security?<\/b> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><b>State and local tax rate:<\/b> 7.00%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>For You: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/im-retiring-a-multimillionaire-wish-i-knew-in-my-30s\/?hyperlink_type=manual&amp;utm_term=related_link_10&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=12&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:I\u2019m Retiring a Multimillionaire: Here\u2019s What I Wish I Knew in My 30s;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">I\u2019m Retiring a Multimillionaire: Here\u2019s What I Wish I Knew in My 30s<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Rocky89 \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Rocky89 \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $428,997<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $407,037<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $46,424<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.02%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Jacob Boomsma \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Jacob Boomsma \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $404,650<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $276,222<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $34,540<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.98%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Jacob Boomsma \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Jacob Boomsma \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $470,549<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $356,319<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $40,365<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.13%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"EJJohnsonPhotography \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> EJJohnsonPhotography \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $403,751<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $411,661<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $48,801<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 5.50%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"peeterv \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> peeterv \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $410,656<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $263,204<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $32,883<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.41%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Discover Next: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/retirement-expenses-boomers-didnt-plan-for-should-have\/?hyperlink_type=manual&amp;utm_term=related_link_11&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=13&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:4 Retirement Expenses Boomers Didn\u2019t Plan for \u2014 but Should Have;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">4 Retirement Expenses Boomers Didn\u2019t Plan for \u2014 but Should Have<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"stockphoto52 \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> stockphoto52 \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $381,133<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $362,841<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $41,598<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 5.56%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Joecho-16 \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Joecho-16 \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $469,987<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $626,277<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $63,663<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 9.47%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Judd Brotman \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Judd Brotman \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $428,041<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $316,060<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $38,084<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.67%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Art Wager \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Art Wager \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $427,418<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $440,801<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $51,081<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.52%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Michael Warren \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Michael Warren \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $395,563<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $233,309<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $30,591<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 9.44%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Trending Now: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/social-security\/how-much-average-upper-class-retiree-claims-in-social-security-benefits-at-age-65\/?hyperlink_type=manual&amp;utm_term=related_link_12&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=14&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:How Much the Average Upper-Class Retiree Claims in Social Security Benefits at Age 65;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">How Much the Average Upper-Class Retiree Claims in Social Security Benefits at Age 65<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $347,884<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $191,192<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $27,731<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.06%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"BackyardProduction \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> BackyardProduction \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $370,532<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $170,813<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $26,558<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 6.58%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"chapin31 \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> chapin31 \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $449,719<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $569,282<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $57,925<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.86%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $386,908<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $211,710<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $30,471<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 10.11%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $361,366<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $218,259<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $29,332<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 9.05%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>View More: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/savings-needed-to-be-rich-in-americas-most-popular-retirement-destinations\/?hyperlink_type=manual&amp;utm_term=related_link_13&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=15&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Savings Needed To Be Rich in America\u2019s Most Popular Retirement Destinations;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Savings Needed To Be Rich in America\u2019s Most Popular Retirement Destinations<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Sean Pavone \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Sean Pavone \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $364,395<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $219,012<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $30,291<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 9.48%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Wirestock \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Wirestock \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $376,476<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $336,770<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $38,642<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 9.61%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"photoquest7 \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> photoquest7 \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $379,728<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $472,804<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $51,900<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.24%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Jim Brown \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Jim Brown \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $452,135<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $811,389<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $83,751<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.98%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Daniel Hanscom \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> Daniel Hanscom \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $392,622<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $504,012<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $53,104<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.00%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>See More: <a href=\"https:\/\/www.gobankingrates.com\/investing\/real-estate\/im-a-florida-real-estate-agent-reasons-my-retired-clients-are-leaving-the-state\/?hyperlink_type=manual&amp;utm_term=related_link_14&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=16&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:I\u2019m a Florida Real Estate Agent \u2014 2 Reasons My Retired Clients Are Leaving the State;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">I\u2019m a Florida Real Estate Agent \u2014 2 Reasons My Retired Clients Are Leaving the State<\/a><\/strong><\/p>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DenisTangneyJr \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DenisTangneyJr \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $319,609<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $285,832<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $35,104<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.08%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"2d illustrations and photos \/ iStock.com\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> 2d illustrations and photos \/ iStock.com     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $382,027<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $481,548<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $57,313<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 8.54%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"DOUGBERRY \/ Getty Images\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> DOUGBERRY \/ Getty Images     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $366,776<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $980,272<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $104,495<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> No<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 4.50%<\/p>\n<\/li>\n<\/ul>\n<p>  <img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"f11photo \/ Getty Images\/iStockphoto\" loading=\"lazy\" height=\"380\" width=\"675\" class=\"yf-1gfnohs loader\"\/> f11photo \/ Getty Images\/iStockphoto     <\/p>\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average retirement savings balance:<\/strong> $315,160<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Average home value:<\/strong> $544,926<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Total cost of living for homeowners annually:<\/strong> $56,127<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>Tax on Social Security?<\/strong> Yes<\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><strong>State and local tax rate:<\/strong> 7.42%<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><strong>Discover more original studies and surveys in the <\/strong><a href=\"https:\/\/www.gobankingrates.com\/original-research-center\/?hyperlink_type=manual&amp;utm_term=incontent_link_3&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=17&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GOBankingRates original research center;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"><strong>GOBankingRates original research center<\/strong><\/a><strong>.<\/strong><\/p>\n<p class=\"yf-1090901\">Methodology: Household median income was sourced from the 2023 U.S. Census American Community Survey. Using the cost-of-living indexes and the national average expenditure costs, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey, the average expenditure cost for each location was calculated. The average single-family home value was sourced from Zillow Home Value Index for June 2025. Assuming a 10% down payment and using the national average 30-year mortgage rate, as sourced from the Federal Reserve Economic Data on Aug. 6, the average mortgage was calculated for each state. The cost-of-living indexes were sourced from Sperling\u2019s BestPlaces; using the national average expenditure costs for retired households, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for retired consumer units, the average expenditure costs were calculated for each state. The average mortgage and expenditure costs were used to calculate the overall cost of living. The state and local tax rate for each state was sourced from The Tax Foundation for 2025. The average retirement savings for retired households was sourced from Personal Capital\u2019s 2021 report. The average retirement savings was scored and weighted at 1.50, the average total cost of living was scored and weighted at 1.00, the state and local tax rate was scored and weighted at 1.00, and the states that tax Social Security income were scored and weighted at 0.25. All the scores were summed and sorted to show retirement readiness of each state. The states were sorted to show the highest retirement readiness state first. All data was collected on and is up to date as of Aug. 8, 2025.<\/p>\n<p class=\"yf-1090901\"><strong>More From GOBankingRates<\/strong><\/p>\n<p class=\"yf-1090901\">This article originally appeared on <a href=\"https:\/\/www.gobankingrates.com?utm_term=bottom_link&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=22&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:GOBankingRates.com;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">GOBankingRates.com<\/a>: <a href=\"https:\/\/www.gobankingrates.com\/retirement\/planning\/retirement-readiness-in-all-50-states-how-do-you-compare\/?utm_term=source_link&amp;utm_campaign=1313691&amp;utm_source=yahoo.com&amp;utm_content=23&amp;utm_medium=rss\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Retirement Readiness in All 50 States: How Do You Compare?;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Retirement Readiness in All 50 States: How Do You Compare?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"You might find yourself adjusting your retirement savings strategy before 2025 ends, especially if you\u2019re worried you don\u2019t&hellip;\n","protected":false},"author":2,"featured_media":25808,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[79,18,2445,19,17,234,235,4036,1078],"class_list":{"0":"post-25807","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-eire","10":"tag-getty-images","11":"tag-ie","12":"tag-ireland","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-retirement-savings","16":"tag-social-security"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/25807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=25807"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/25807\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/25808"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=25807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=25807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=25807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}