Retirees looking to escape high taxes can seek shelter in New Hampshire, where the only state income tax is 5% on dividends and interest income, and there is no sales tax. While the median home price across New Hampshire is a reasonable $188,000, property taxes in the state can be extremely high, and the state’s cost of living ranks high above the national average.
One surprising benefit of living in New Hampshire is the proximity of so many of its towns to Boston. The location can be ideal for retirees who prefer dwelling in a quiet town but would still like the cultural amenities of a bigger city, like theaters, museums and musical performances.
Con: High property taxes, cold and snowy winters
Best For: Outdoors lovers
Cost of Living: 18% higher than national average
Median Home Cost: $188,500
Top State Income Tax: State income tax of 5% on dividends and interest income only
New Hampshire experiences 4 distinct seasons, and retirees should be aware that winters here can be brutally cold and snow-filled, though some would argue that this does make for good skiing in the White Mountains.