Retirement in Each of the Fifty States, Ranked

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4. Indiana

Indiana is somewhat of a mixed bag. On the one hand, the state tends not to shy away from taxes of any kind (sales tax sits at 7%). However, the cost of living is 15% lower than the national average. It also offers a pretty big city in Indianapolis, as well as plenty of more rural areas and towns for a slower pace of life if that's what you're looking for.

Jacob Boomsma via Shutterstock
Jacob Boomsma via Shutterstock

The state is home to 6.6 million people, and 1.1 million of them are 65 or older. We should also mention that, like other states in the Midwest, Indiana usually sees pretty cold winters.