Nebraska – Retirement Guide

Nebraska   Retirement Guide

Teeming with rolling hills, sweeping bluffs, vast plains and miles of rivers and trails, Nebraska offers a outdoors lovers a rich array of activities. Set in the heart of the Plains, Nebraska has a low population density, with just 1.8 million residents spread over a wide area. This sparse population means that many small towns and regions can feel isolated.

Nebraska’s low cost of living and median home price of $23,500 make it an affordable retirement destination. Unfortunately for retirees, Nebraska isn’t considered a very tax friendly state for seniors. Social Security benefits are taxed and inheritance taxes can be as high as 18 percent though there is no estate tax; military retirees do not receive any special tax breaks, either.

Retirees in Nebraska will have good access to health care; there are more than 100 hospitals across the state. Popular destinations for retirees are Omaha and the college town of Lincoln, which is also known for its lush parks.

Pros: Outdoor activities, low cost of living, good health care access
Con: Not a tax-friendly state, sparse population can feel isolating

At a Glance:
Best For: Outdoors lovers
Population: 1,856,000
Cost of Living: 11% lower than national average
Median Home Cost: $123,500
Unemployment: 3.7%
Top State Income Tax: 6.84%

In both towns retirees will find cultural attractions, like a theaters and art museums, as well as annual events and festivals, like the Taste of Omaha food festival. Nebraska’s climate differs from east to west. The state’s eastern half has a humid climate, while it’s western half is considered semi-arid.

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