Average Retirement Income by State

Map

Table

Introduction

Retirement income in the United States can differ significantly from state to state. For example, Social Security is a primary source of retirement income for many people, and it pays out different levels of benefits based on where you live. According to the Social Security Administration, Wisconsin has the highest average monthly benefit while Kentucky has the lowest. Many states also offer additional tax breaks for retired seniors. Some states are even exempting all retirement income from taxation; other states offer substantial tax credits to retirees living on fixed incomes. Furthermore, certain states have made investments into special pension funds that can provide supplemental income for retirees who worked within those state boundaries throughout their careers. Finally, many cities and counties also have their own public or private retirement plans which can provide an additional source of income for local retirees.

#StateRetirement Income Per HouseholdRetirement Tax FriendlinessTax on PensionsMilitary Retirement Tax Status
1District of Columbia$43,080
2Alaska$36,023 Most Tax-FriendlyNo No Tax
3Maryland$35,732 Least Tax-FriendlyYes Partial Exemptions
4Virginia$35,306 Tax-FriendlyYes Fully Tax
5California$34,737 MixedYes Fully Tax
6Colorado$32,379 MixedYes Partial Exemptions
7Hawaii$32,294 Tax-FriendlyNo No Tax
8Connecticut$32,052 Least Tax-FriendlyYes No Tax
9Delaware$31,283 Tax-FriendlyYes Partial Exemptions
10Illinois$31,223 MixedNo No Tax
11Massachusetts$31,198 Not Tax-FriendlyYes No Tax
12Nevada$31,171 Most Tax-FriendlyNo No Tax
13New Jersey$30,660 MixedYes No Tax
14New York$30,326 Not Tax-FriendlyYes No Tax
15Florida$30,158 Most Tax-FriendlyNo No Tax
16New Mexico$29,707 Least Tax-FriendlyYes Partial Exemptions
17Washington$29,351 Tax-FriendlyNo No Tax
18Arizona$28,725 MixedYes No Tax
19Utah$28,632 Least Tax-FriendlyYes No Tax
20Oregon$28,565 Not Tax-FriendlyYes Partial Exemptions
21Georgia$27,961 Most Tax-FriendlyYes Partial Exemptions
22Texas$27,471 Tax-FriendlyNo No Tax
23Rhode Island$27,118 Not Tax-FriendlyYes Partial Exemptions
24Louisiana$26,512 Tax-FriendlyYes No Tax
25Wyoming$26,465 Most Tax-FriendlyNo No Tax
26New Hampshire$26,395 Most Tax-FriendlyNo No Tax
27Minnesota$26,385 Least Tax-FriendlyYes No Tax
28Ohio$26,316 MixedYes No Tax
29South Carolina$26,227 Tax-FriendlyYes Partial Exemptions
30Maine$25,545 MixedYes No Tax
31Montana$25,463 Not Tax-FriendlyYes Partial Exemptions
32Wisconsin$25,378 Least Tax-FriendlyYes No Tax
33North Carolina$25,324 Not Tax-FriendlyYes No Tax
34Alabama$24,896 Tax-FriendlyNo No Tax
35Vermont$24,870 Least Tax-FriendlyYes Fully Tax
36Idaho$24,752 MixedYes Partial Exemptions
37Kentucky$24,419 Most Tax-FriendlyYes Partial Exemptions
38Pennsylvania$24,392 Most Tax-FriendlyNo No Tax
39Michigan$24,389 Not Tax-FriendlyYes No Tax
40Missouri$24,125 MixedYes No Tax
41South Dakota$24,020 Most Tax-FriendlyNo No Tax
42Oklahoma$23,963 Not Tax-FriendlyYes Partial Exemptions
43Nebraska$23,821 Least Tax-FriendlyYes No Tax
44Tennessee$23,715 Tax-FriendlyNo No Tax
45Mississippi$23,347 Most Tax-FriendlyNo No Tax
46North Dakota$23,347 Tax-FriendlyYes No Tax
47Kansas$23,294 Least Tax-FriendlyYes No Tax
48Iowa$22,308 Not Tax-FriendlyYes No Tax
49Arkansas$21,967 Not Tax-FriendlyYes No Tax
50West Virginia$21,118 Not Tax-FriendlyYes No Tax
51Indiana$20,542 Least Tax-FriendlyYes No Tax

Retirement Income Per Household by State

Alabama

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Retirement Income Per Household

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$24,896

Ranked in the US

#34

Retirement Income Per Household

Alaska

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Retirement Income Per Household

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$36,023

Ranked in the US

#2

Most Tax-Friendly

Retirement Income Per Household

Arizona

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Retirement Income Per Household

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$28,725

Ranked in the US

#18

Retirement Income Per Household

Arkansas

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$21,967

Ranked in the US

#49

Not Tax-Friendly

Retirement Income Per Household

California

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$34,737

Ranked in the US

#5

Retirement Income Per Household

Colorado

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Retirement Income Per Household

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$32,379

Ranked in the US

#6

Partial Exemptions

Retirement Income Per Household

Connecticut

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$32,052

Ranked in the US

#8

Least Tax-Friendly

Retirement Income Per Household

Delaware

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$31,283

Ranked in the US

#9

Partial Exemptions

Retirement Income Per Household

District of Columbia

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$43,080

Ranked in the US

#1

Retirement Income Per Household

Florida

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$30,158

Ranked in the US

#15

Most Tax-Friendly

Retirement Income Per Household

Georgia

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Retirement Income Per Household

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$27,961

Ranked in the US

#21

Most Tax-Friendly

Partial Exemptions

Retirement Income Per Household

Hawaii

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$32,294

Ranked in the US

#7

Retirement Income Per Household

Idaho

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$24,752

Ranked in the US

#36

Partial Exemptions

Retirement Income Per Household

Illinois

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$31,223

Ranked in the US

#10

Retirement Income Per Household

Indiana

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Retirement Income Per Household

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$20,542

Ranked in the US

#51

Least Tax-Friendly

Retirement Income Per Household

Iowa

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$22,308

Ranked in the US

#48

Not Tax-Friendly

Retirement Income Per Household

Kansas

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$23,294

Ranked in the US

#47

Least Tax-Friendly

Retirement Income Per Household

Kentucky

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Retirement Income Per Household

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$24,419

Ranked in the US

#37

Most Tax-Friendly

Partial Exemptions

Retirement Income Per Household

Louisiana

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Retirement Income Per Household

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$26,512

Ranked in the US

#24

Retirement Income Per Household

Maine

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$25,545

Ranked in the US

#30

Retirement Income Per Household

Maryland

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$35,732

Ranked in the US

#3

Least Tax-Friendly

Partial Exemptions

Retirement Income Per Household

Massachusetts

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Retirement Income Per Household

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$31,198

Ranked in the US

#11

Not Tax-Friendly

Retirement Income Per Household

Michigan

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$24,389

Ranked in the US

#39

Not Tax-Friendly

Retirement Income Per Household

Minnesota

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Retirement Income Per Household

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$26,385

Ranked in the US

#27

Least Tax-Friendly

Retirement Income Per Household

Mississippi

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$23,347

Ranked in the US

#45

Most Tax-Friendly

Retirement Income Per Household

Missouri

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Retirement Income Per Household

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$24,125

Ranked in the US

#40

Retirement Income Per Household

Montana

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$25,463

Ranked in the US

#31

Not Tax-Friendly

Partial Exemptions

Retirement Income Per Household

Nebraska

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$23,821

Ranked in the US

#43

Least Tax-Friendly

Retirement Income Per Household

Nevada

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$31,171

Ranked in the US

#12

Most Tax-Friendly

Retirement Income Per Household

New Hampshire

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$26,395

Ranked in the US

#26

Most Tax-Friendly

Retirement Income Per Household

New Jersey

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$30,660

Ranked in the US

#13

Retirement Income Per Household

New Mexico

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$29,707

Ranked in the US

#16

Least Tax-Friendly

Partial Exemptions

Retirement Income Per Household

New York

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Retirement Income Per Household

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$30,326

Ranked in the US

#14

Not Tax-Friendly

Retirement Income Per Household

North Carolina

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$25,324

Ranked in the US

#33

Not Tax-Friendly

Retirement Income Per Household

North Dakota

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$23,347

Ranked in the US

#46

Retirement Income Per Household

Ohio

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$26,316

Ranked in the US

#28

Retirement Income Per Household

Oklahoma

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$23,963

Ranked in the US

#42

Not Tax-Friendly

Partial Exemptions

Retirement Income Per Household

Oregon

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$28,565

Ranked in the US

#20

Not Tax-Friendly

Partial Exemptions

Retirement Income Per Household

Pennsylvania

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Retirement Income Per Household

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$24,392

Ranked in the US

#38

Most Tax-Friendly

Retirement Income Per Household

Rhode Island

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$27,118

Ranked in the US

#23

Not Tax-Friendly

Partial Exemptions

Retirement Income Per Household

South Carolina

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Retirement Income Per Household

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$26,227

Ranked in the US

#29

Partial Exemptions

Retirement Income Per Household

South Dakota

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Retirement Income Per Household

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$24,020

Ranked in the US

#41

Most Tax-Friendly

Retirement Income Per Household

Tennessee

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Retirement Income Per Household

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$23,715

Ranked in the US

#44

Retirement Income Per Household

Texas

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Retirement Income Per Household

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$27,471

Ranked in the US

#22

Retirement Income Per Household

Utah

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$28,632

Ranked in the US

#19

Least Tax-Friendly

Retirement Income Per Household

Vermont

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Retirement Income Per Household

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$24,870

Ranked in the US

#35

Least Tax-Friendly

Retirement Income Per Household

Virginia

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Retirement Income Per Household

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$35,306

Ranked in the US

#4

Retirement Income Per Household

Washington

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$29,351

Ranked in the US

#17

Retirement Income Per Household

West Virginia

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$21,118

Ranked in the US

#50

Not Tax-Friendly

Retirement Income Per Household

Wisconsin

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$25,378

Ranked in the US

#32

Least Tax-Friendly

Retirement Income Per Household

Wyoming

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$26,465

Ranked in the US

#25

Most Tax-Friendly

Retirement Income Per Household

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