As the retirement landscape continues to evolve, certain states stand out for their attractiveness to retirees.
These retirement friendly states offer a combination of favorable climate, lower cost of living, tax benefits, and quality healthcare, making them prime destinations for those aged 60 and up.
Here are the top 10 states that gained the most retirees based on the highest positive net movement of migrations.
Table of Contents
Key Findings of Our Research
- Florida Remains The #1 Retirement Destination: Florida leads with a net movement of 77,290 retirees, making it the top state for retirees. The state’s warm climate, no state income tax, and abundant recreational opportunities contribute to its popularity among those aged 60 and up.
- No State Income Tax: 4 of the 10 states (Florida, Texas, Tennessee, and Nevada) attract retirees with their tax-free status. Your buck goes further in these states.
- Affordable Retirement States: Arizona, South Carolina, Texas, Georgia, Alabama, Tennessee, and Kentucky offer affordable living due to their low costs of living, favorable tax policies, no state income tax (in Texas, Tennessee), and affordable housing options, making them attractive choices for retirees.
#1. Florida
- Retirees moved in: 171,343
- Retirees moved out: 94,053
- Net movement: 77,290
- Population aged 60+: 6,314,895
- Percent of population aged 60+: 28.4%
Florida remains the top destination for retirees, thanks to its warm climate, no state income tax, and a wealth of recreational opportunities.
From the sandy beaches to the vibrant cultural scene, Florida offers an ideal retirement lifestyle.
#2. Arizona
- Retirees moved in: 61,688
- Retirees moved out: 38,173
- Net movement: 23,515
- Population aged 60+: 1,838,642
- Percent of population aged 60+: 25.0%
Arizona attracts retirees with its desert beauty, affordable living, and health-focused amenities.
Cities like Phoenix and Tucson provide excellent healthcare facilities and a variety of outdoor activities.
#3. South Carolina
- Retirees moved in: 40,663
- Retirees moved out: 19,768
- Net movement: 20,895
- Population aged 60+: 1,376,023
- Percent of population aged 60+: 26.0%
South Carolina offers a mix of coastal and inland living, with charming towns and a mild climate.
Its relatively low cost of living and friendly tax policies for retirees make it an attractive choice.
#4. Texas
- Retirees moved in: 68,754
- Retirees moved out: 50,012
- Net movement: 18,742
- Population aged 60+: 5,699,843
- Percent of population aged 60+: 19.0%
Texas is known for its diverse culture, no state income tax, and a wide range of urban and rural living options.
The state’s strong economy and affordable housing are significant draws for retirees.
#5. North Carolina
- Retirees moved in: 43,619
- Retirees moved out: 32,280
- Net movement: 11,339
- Population aged 60+: 2,565,100
- Percent of population aged 60+: 24.0%
With its beautiful mountains, scenic coastlines, and moderate climate, North Carolina provides a balanced environment for retirees.
The state offers robust healthcare services and various recreational activities.
North Carolina is also the #2 best state to buy a house right now.
#6. Georgia
- Retirees moved in: 38,583
- Retirees moved out: 28,348
- Net movement: 10,235
- Population aged 60+: 2,299,476
- Percent of population aged 60+: 21.1%
Georgia’s warm climate, vibrant cities, and picturesque countryside appeal to retirees looking for a mix of urban and rural experiences.
The state’s tax friendliness towards retirees is an added advantage.
#7. Alabama
- Retirees moved in: 18,719
- Retirees moved out: 10,126
- Net movement: 8,593
- Population aged 60+: 1,254,589
- Percent of population aged 60+: 24.7%
Alabama offers retirees a lower cost of living, mild winters, and a slower pace of life.
The state’s natural beauty and recreational opportunities make it a pleasant place for retirement.
#8. Tennessee
- Retirees moved in: 31,253
- Retirees moved out: 22,924
- Net movement: 8,329
- Population aged 60+: 1,677,613
- Percent of population aged 60+: 23.8%
Tennessee is popular among retirees for its no state income tax, rich musical heritage, and beautiful landscapes.
The state also offers a reasonable cost of living and excellent healthcare facilities.
#9. Nevada
- Retirees moved in: 24,800
- Retirees moved out: 18,709
- Net movement: 6,091
- Population aged 60+: 730,781
- Percent of population aged 60+: 23.0%
Nevada’s dry climate, no state income tax, and vibrant city life, especially in Las Vegas, draw many retirees.
The state also provides numerous recreational opportunities, including outdoor activities and entertainment.
#10. Kentucky
- Retirees moved in: 14,531
- Retirees moved out: 8,653
- Net movement: 5,878
- Population aged 60+: 1,097,872
- Percent of population aged 60+: 24.3%
Kentucky offers a peaceful retirement with its low cost of living, natural beauty, and friendly communities.
The state’s cultural and historical attractions add to its appeal for retirees.
According to our research, Kentucky is the #4 best state to buy a home.
Source Data
We used the following source data in our research and analysis:
- Smart Asset: Where Retirees Are Moving – 2024 Study
- Census Bureau American Community Survey
- State Economic Data
Conclusion & Wrap-Up
Choosing the right state for retirement is a significant decision that impacts one’s quality of life.
These top 10 states have demonstrated a strong positive net movement of retirees, indicating their desirability based on various factors such as climate, cost of living, tax policies, and healthcare quality.
Whether you prefer the sunny beaches of Florida or the desert landscapes of Arizona, each of these states offers unique benefits that cater to the needs and preferences of retirees.
About the Author
Brian Reese is a senior advisor and co-owner at District Lending. He is one of the world’s leading experts in veteran benefits, having helped millions of veterans secure their financial future since 2013. Brian is the founder VA Claims Insider, an education-based Coaching & Consulting company whose mission is to educate and empower veterans to get the VA disability benefits they’ve earned for their honorable service. A former active-duty air force officer, Brian deployed to Afghanistan in support of Operation Enduring Freedom. He is a distinguished graduate of management of the United States Air Force Academy and earned his MBA as a National Honor Scholar from the Spears School of Business at Oklahoma State University.
In Brian’s Own Words:
“As a military veteran, I’ve made it my life’s mission to help people live happier and wealthier lives. District Lending brings this mission to life. We believe in integrity, honesty, and transparency, which is why you’ll see our rates right on our website. You’ll find lower rates and zero lending fees, which means you can buy your dream home for less. The savings are passed on to you — the way it should be.”
– Brian Reese, Advisor and Co-Owner, District Lending