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5. Mississippi

Mississippi is another state with a really low cost of living. The southern portion of the state is filled with fishing villages and scenic drives, while the Mississippi Delta offers travelers and residents a chance to see the birthplace of blues and rock-n-roll ( a title also claimed by Memphis.) Taxes are also among the lowest in the nation here. However, incomes tend to be equally low, especially among seniors.

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The state has around 2.9 million residents, of whom 487,200 are 65 or older. Surprisingly, sales tax is a bit high at 7%, but as we said, other taxes tend to be low.