While outdoor lovers may hope to retire in Colorado, there’s more to the state that attracts retirees, including a flat state income tax rate of 4.63% and no tax on pension income. The state’s vast size and geography means there are numerous small towns in which to settle, where retirees won’t have to deal with crowds or heavy traffic. While winters can be snowy, particularly in mountainous regions, it is also frequently dry and sunny in Colorado, with startlingly blue skies to offset breathtaking mountain ranges.
While a number of Colorado’s smaller town’s still maintain a charming, “Old West” appeal, a number of it’s larger cities and towns, such as Denver, can feel quite modern. The state is also home to a number of top-notch universities, many of which offer continuing education programs for seniors.
Con: Cost of living can be high in some cities and towns
Best For: Outdoors lovers
Cost of Living: 7% higher than national average
Median Home Cost: $ 215,900
Top State Income Tax: 4.63% flat rate