Louisiana – Retirement Guide

Louisiana   Retirement Guide

Louisiana has made a strong effort to market itself to retirees, and with good reason. The state is one of the most affordable in the U.S., with a cost of living 10% lower than the national average, and has enacted a certified retirement community program, which ensures that retirement communities meet certain standards across the state. Retirees will also find a number of tax incentives, including tax exemptions on all Social Security benefits, military pensions and federal, state and local government pensions.

The state is rich in history, and architecture buffs can admire the array of neo-Gothic, Antebellum and Art Deco building scattered in and around towns like Baton Rouge.

In New Orleans, residents will find a rich music culture and culinary history, with loads of Creole and Cajun influences inspiring both the sounds and tastes of the city.

Outdoor activities abound in New Orleans, particularly along the Bayou, where fishing, boating and bird watching are popular pastimes.

Pros: Interesting Creole and Cajun culture, outdoor activities, historic architecture

Con: Coastline can be severely impacted by hurricanes

At a Glance
Best For:
Population: 4,601,893
Cost of Living: 10% lower than national average
Median Home Cost: $136,900
Unemployment: 5.6%
Top State Income Tax: 6%

Golfers will find themselves in proximity to Louisiana’s Audubon Golf Trail, which criss-crosses the state and features 12 courses by designers including Hal Sutton, David Toms and Pete Dye.

Louisiana is also home to 20 state parks, and with year-round warm weather, retirees can enjoy the outdoors as they please. That said, the state’s coastline is vulnerable to hurricanes, including 2005’s devastating Hurricane Katrina, which destroyed large swaths of land. Many small towns are still recovering from the effects of that storm.

Photo by  Alaskan Dude via Flickr. All statistics were up to date as of publication. See these sources for the most current data.