10 Best States To Have Been Retired In During Biden’s Presidency

When it comes to retirement in the U.S., many people’s ideal locations usually include places that have little to no income or property taxes with a good healthcare system. However, multiple factors can impact these things as well as the overall cost of living and retirement. 

GOBankingRates recently found which states have been the best to retire in during Joe Biden’s presidency. Several factors were analyzed, including the cost of living index change since the start of Biden’s presidency and the change in the average monthly expenditures for retirees in each state — the higher that number, the more they saved. So, if your proposed retirement location is not included below, try considering some of these options.

Here are the top 10 best states to have been retired in during Biden’s presidency.

• Cost of Living Index Change: -8.7
• All Residents Change: $141
• Retired Residents Change: $135

• Cost of Living Index Change: -5.0
• All Residents Change: $136
• Retired Residents Change: $124

• Cost of Living Index Change: -6.8
• All Residents Change: $93
• Retired Residents Change: $83

• Cost of Living Index Change: 0.1
• All Residents Change: $71
• Retired Residents Change: $69

• Cost of Living Index Change: -1.4
• All Residents Change: $94
• Retired Residents Change: $57

• Cost of Living Index Change: -17.5
• All Residents Change: $58
• Retired Residents Change: $53

• Cost of Living Index Change: -7.2
• All Residents Change: $49
• Retired Residents Change: $46

• Cost of Living Index Change: 0.3
• All Residents Change: $43
• Retired Residents Change: $46

• Cost of Living Index Change: 0.5
• All Residents Change: $56
• Retired Residents Change: $44

• Cost of Living Index Change: 5.0
• All Residents Change: $10
• Retired Residents Change: $44

Methodology: For this study, GOBankingRates analyzed each state’s cost of living indexes as sourced from the Missouri Economic and Research Information Center for each quarter from Q1 2021 to Q1 2024. Using the cost of living indexes the average expenditure monthly cost can be calculated by using the national average expenditure costs for different groups of people including; all residents, retired residents, married couple with kids, single residents, and residents born between 1981-1997, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey. The difference in average costs and overall indexes were recorded and sorted to find the cost of living in every state since Biden took over. All data was collected on and is up to date as of July 19, 2024.