Illinois

Retiree Population: 2.1 million are 65 or older

Cost of Living Percentage: 4% lower than the national average

Sales Tax: 6.25%

Illinois, with its symbolic city Chicago, often overshadows the state’s wider offerings. Boasting a 4% lower cost of living than the U.S. average, a population of 12.6 million, and a modest 6.25% sales tax, Illinois presents its residents with a favorable living scenario.

However, akin to Pennsylvania, financial challenges loom on the horizon for Illinois. It’s worth noting for potential residents or investors that the state may face fiscal difficulties soon, mirroring concerns seen in other regions.