Finding the right place to live out your retirement years isn’t easy. There’s a lot to consider, such as the cost of living, access to healthcare and taxes. Besides financial concerns, you’ll want to select a place that suits your lifestyle and offers activities that appeal to you, such as golf or the arts.
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Some states are more retiree friendly than others. If you’ll receive a pension or Social Security, consider whether your chosen state taxes your benefits. If you plan to buy a new home or already own one, compare property tax rates. You’ll find that your money stretches farther in some states than others.
Another factor is access to healthcare. If you have a medical condition, look for a location that provides the treatment you need. As you age, you may need additional medical care, including assisted living or nursing home services. Costs for healthcare needs may differ significantly from state to state.
GOBankingRates analyzed all 50 states across several financial factors, including state sales tax rates, property tax, home values, annual healthcare spending, cost of living and average Social Security benefits. Here are the 30 most expensive states for retirees, according to the findings.
Also see the worst states to retire if you have no more than $500,000 saved.
California
State Sales Tax: 8.85%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.75%
Median Home Value: $802,223
Average Annual Healthcare Spending: $8,181
Cost of Living Index: 138.5
Average Social Security Benefits: $1,883
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Vermont
State Sales Tax: 6.36%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 1.83%
Median Home Value: $384,416
Average Annual Healthcare Spending: $7,992
Cost of Living Index: 115.3
Average Social Security Benefits: $2,045
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Rhode Island
State Sales Tax: 7%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 1.40%
Median Home Value: $462,130
Average Annual Healthcare Spending: $8,121
Cost of Living Index: 110.7
Average Social Security Benefits: $2,018
Hawaii
State Sales Tax: 4.5%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.32%
Median Home Value: $993,855
Average Annual Healthcare Spending: $9,282
Cost of Living Index: 180.3
Average Social Security Benefits: $1,942
Connecticut
State Sales Tax: 6.35%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 1.79%
Median Home Value: $419,568
Average Annual Healthcare Spending: $8,196
Cost of Living Index: 112.8
Average Social Security Benefits: $2,171
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New Mexico
State Sales Tax: 7.62%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 0.67%
Median Home Value: $300,959
Average Annual Healthcare Spending: $7,487
Cost of Living Index: 94
Average Social Security Benefits: $1,789
New York
State Sales Tax: 8.53%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 1.40%
Median Home Value: $436,305
Average Annual Healthcare Spending: $8,023
Cost of Living Index: 125.9
Average Social Security Benefits: $1,931
New Jersey
State Sales Tax: 6.6%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 2.23%
Median Home Value: $529,436
Average Annual Healthcare Spending: $7,487
Cost of Living Index: 113.9
Average Social Security Benefits: $2,139
Massachusetts
State Sales Tax: 6.25%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 1.14%
Median Home Value: $633,964
Average Annual Healthcare Spending: $8,513
Cost of Living Index: 146.5
Average Social Security Benefits: $2,080
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Colorado
State Sales Tax: 7.81%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 0.55%
Median Home Value: $561,299
Average Annual Healthcare Spending: $7,570
Cost of Living Index: 105.1
Average Social Security Benefits: $2,022
Texas
State Sales Tax: 8.2%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 1.68%
Median Home Value: $304,538
Average Annual Healthcare Spending: $7,080
Cost of Living Index: 92.7
Average Social Security Benefits: $1,836
Alaska
State Sales Tax: 1.82%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 1.04%
Median Home Value: $367,805
Average Annual Healthcare Spending: $11,167
Cost of Living Index: 125.2
Average Social Security Benefits: $1,875
Kansas
State Sales Tax: 8.65%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 1.34%
Median Home Value: $224,241
Average Annual Healthcare Spending: $7,306
Cost of Living Index: 87.1
Average Social Security Benefits: $1,996
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Montana
State Sales Tax: 0%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 0.74%
Median Home Value: $458,022
Average Annual Healthcare Spending: $7,367
Cost of Living Index: 102.9
Average Social Security Benefits: $1,824
Illinois
State Sales Tax: 8.86%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 2.08%
Median Home Value: $262,741
Average Annual Healthcare Spending: $7,163
Cost of Living Index: 92.1
Average Social Security Benefits: $1,947
Minnesota
State Sales Tax: 8.04%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 1.11%
Median Home Value: $337,425
Average Annual Healthcare Spending: $8,234
Cost of Living Index: 94.1
Average Social Security Benefits: $2,109
Washington
State Sales Tax: 9.38%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.87%
Median Home Value: $605,770
Average Annual Healthcare Spending: $9,078
Cost of Living Index: 116
Average Social Security Benefits: $2,082
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Maine
State Sales Tax: 5.5%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 1.24%
Median Home Value: $389,059
Average Annual Healthcare Spending: $7,759
Cost of Living Index: 109.9
Average Social Security Benefits: $1,868
Utah
State Sales Tax: 7.25%
State Tax on Social Security Benefits: Yes
Median Property Tax Rate: 0.57%
Median Home Value: $528,822
Average Annual Healthcare Spending: $6,861
Cost of Living Index: 103.2
Average Social Security Benefits: $2,035
Ohio
State Sales Tax: 7.24%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 1.59%
Median Home Value: $225,256
Average Annual Healthcare Spending: $7,382
Cost of Living Index: 94.7
Average Social Security Benefits: $1,836
Louisiana
State Sales Tax: 9.56%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.56%
Median Home Value: $200,071
Average Annual Healthcare Spending: $7,442
Cost of Living Index: 91
Average Social Security Benefits: $1,684
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Nevada
State Sales Tax: 8.24%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.59%
Median Home Value: $448,674
Average Annual Healthcare Spending: $6,914
Cost of Living Index: 101
Average Social Security Benefits: $1,779
Florida
State Sales Tax: 7%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.91%
Median Home Value: $415,201
Average Annual Healthcare Spending: $7,276
Cost of Living Index: 100.7
Average Social Security Benefits: $1,859
Mississippi
State Sales Tax: 7.06%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.67%
Median Home Value: $177,510
Average Annual Healthcare Spending: $7,419
Cost of Living Index: 86.3
Average Social Security Benefits: $1,659
Georgia
State Sales Tax: 7.38%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.92%
Median Home Value: $329,225
Average Annual Healthcare Spending: $7,563
Cost of Living Index: 90.8
Average Social Security Benefits: $1,818
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Wisconsin
State Sales Tax: 5.7%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 1.61%
Median Home Value: $298,247
Average Annual Healthcare Spending: $8,467
Cost of Living Index: 95.1
Average Social Security Benefits: $1,977
Arkansas
State Sales Tax: 9.45%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.64%
Median Home Value: $202,829
Average Annual Healthcare Spending: $6,598
Cost of Living Index: 89
Average Social Security Benefits: $1,715
North Carolina
State Sales Tax: 7%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.82%
Median Home Value: $330,655
Average Annual Healthcare Spending: $8,151
Cost of Living Index: 95.3
Average Social Security Benefits: $1,900
Oklahoma
State Sales Tax: 8.99%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.89%
Median Home Value: $204,508
Average Annual Healthcare Spending: $6,982
Cost of Living Index: 86.2
Average Social Security Benefits: $1,815
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North Dakota
State Sales Tax: 7.04%
State Tax on Social Security Benefits: No
Median Property Tax Rate: 0.98%
Median Home Value: $258,005
Average Annual Healthcare Spending: $8,384
Cost of Living Index: 94.6
Average Social Security Benefits: $1,908
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This article originally appeared on GOBankingRates.com: Avoid These 30 States in Retirement If You Want To Keep Your Money
