Special Report

What It Costs to Retire Comfortably in Every State

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Massachusetts
> Est. total retirement spending: $1,215,400 (5th most)
> Avg. cost of living: 10.4% more than avg. (5th highest)
> Avg. homeownership cost for citizens 65 and older with no mortgage: $803 per month (4th highest)
> Pop. 65 and older: 17.0% (25th highest)

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Michigan
> Est. total retirement spending: $965,074 (19th least)
> Avg. cost of living: 7.7% less than avg. (22nd lowest)
> Avg. homeownership cost for citizens 65 and older with no mortgage: $482 per month (25th lowest)
> Pop. 65 and older: 17.7% (14th highest)

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Minnesota
> Est. total retirement spending: $1,084,309 (16th most)
> Avg. cost of living: 2.0% less than avg. (19th highest)
> Avg. homeownership cost for citizens 65 and older with no mortgage: $545 per month (13th highest)
> Pop. 65 and older: 16.3% (18th lowest)

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Mississippi
> Est. total retirement spending: $817,104 (the least)
> Avg. cost of living: 15.6% less than avg. (the lowest)
> Avg. homeownership cost for citizens 65 and older with no mortgage: $345 per month (2nd lowest)
> Pop. 65 and older: 16.4% (19th lowest)

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Missouri
> Est. total retirement spending: $902,898 (11th least)
> Avg. cost of living: 11.3% less than avg. (11th lowest)
> Avg. homeownership cost for citizens 65 and older with no mortgage: $452 per month (21st lowest)
> Pop. 65 and older: 17.2% (23rd highest)

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