Mississippi is the most affordable state to retire in, according to a March 21 data from GoBankingRates, costing $55,074 a year to retire comfortably.
The finance website considered cost of living factors including groceries, healthcare, housing, utilities and transportation.
Annual savings needed for a comfortable retirement in each state:
- Mississippi: $55,074
- Oklahoma: $56,508
- Alabama: $56,769
- Kansas: $56,899
- Iowa: $57,485
- Georgia: $57,942
- Ohio: $58,268
- West Virginia: $58,528
- Missouri: $58,724
- Indiana: $58,789
- Tennessee: $58,854
- Arkansas: $58,854
- Nebraska: $59,376
- Wyoming: $59,741
- Michigan: $59,767
- Illinois: $59,897
- Texas: $60,353
- Kentucky: $60,484
- Louisiana: $60,940
- New Mexico: $61,135
- Wisconsin: $61,200
- Minnesota: $61,983
- South Dakota: $62,634
- South Carolina: $62,765
- North Carolina: $63,156
- North Dakota: $63,482
- Pennsylvania: $64,003
- Idaho: $64,459
- Nevada: $66,415
- Utah: $66,480
- Virginia: $66,545
- Florida: $68,109
- Colorado: $68,565
- Montana: $68,631
- Delaware: $68,696
- Arizona: $70,390
- Rhode Island: $72,476
- New Jersey: $74,301
- Washington: $74,301
- Maine: $74,627
- New Hampshire: $74,757
- Connecticut: $75,213
- Vermont: $75,865
- Oregon: $79,645
- Maryland: $80,884
- Alaska: $81,796
- New York: $88,444
- California: $90,399
- Massachusetts: $97,699
- Washington, D.C.: $99,980
- Hawaii: $121,228