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Here are the states with the highest and lowest average retirement incomes, along with the amount needed in each state to afford a comfortable retirement, which GOBankingRates calculated based on ...
To calculate this we ran over 32,000 simulations on our retirement income tax calculator. We simulated the potential state and local income taxes paid in each state, plus the District of Columbia ...
Washington rounds out the top 10 with an average retirement savings of $469,987. The state’s financial health is high, too, ranking third in the nation with a score of 6.65 out of 10.
From tranquil coastal villages adjacent to pristine beaches in one state to secluded mountain cabins just a drive away in the next, the variety is unparalleled. America's Top States for Retirement ...
This is a list of U.S. states, territories, and Washington, D.C. by income. Data is given according to the 2023 American Community Survey (ACS) 1-Year Estimates, except for the American Samoa , Guam , the Northern Mariana Islands and the U.S. Virgin Islands , for which the data comes from 2010, as ACS does not operate in these areas.
We started by calculating effective state and local tax rates for retirees age 55-64, using our retirement income tax calculator to simulate over 600 different tax scenarios in each state.
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