Which State Should You Retire In? Let This Ranked List Guide You

50. Maryland

Cost of living: 17% above the U.S. average

Population: 6.045 million (2019, Sources: United States Census Bureau)

Best city: Columbia

PRO: The average household income in Maryland for people 65 and up is the second-highest in America, which on average is about $70,874. Maryland is home to the city of Baltimore and very close to Washington D.C.

CON: While people do make more money here, their income gets taxed heavily in Maryland. Social Security isn’t taxed, though, but distributions from individual retirement are. There’s also estate and inheritance tax.