This Is the Best State to Retire if You Want Your Money to Go the Farthest

"The study found that a Mississippi resident needs $768,800 to retire comfortably. The annual cost of living is also the lowest in the country, at $30,754. Healthcare costs average $9,300 per year. Additionally, Mississippi doesn't tax Social Security income or withdrawals from retirement accounts."

"The study analyzed all 50 states on economic factors, such as cost of living, rent prices, annual healthcare costs, quality of life, and the four percent rule for withdrawals that prevents retirees from depleting their savings too early."

"Southern and Midwestern states dominated the top 10, with no representation from states on the East or West Coasts. That said, if convenient access to beaches is a wish list in your retirement plans, Alabama-which came in at No. 9-is a sure bet, in addition to Mississippi's Gulf Coast."

Mississippi ranks as the best state for retirement based on comprehensive economic analysis including cost of living, healthcare expenses, and quality of life metrics. The state requires the lowest retirement nest egg at $768,800, with annual living costs of just $30,754—the lowest nationally. Healthcare averages $9,300 yearly, and Mississippi provides significant tax advantages by not taxing Social Security income or retirement account withdrawals. Iowa ranks second, requiring $790,100 with similar healthcare costs and higher quality of life ratings. Southern and Midwestern states dominate the top five, with Kansas, New Mexico, and Oklahoma also ranking highly. Coastal options like Alabama and Mississippi's Gulf Coast provide beach access for retirees seeking waterfront living.

Read at Travel + Leisure