50. Mississippi
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Average annual benefit: $16,431
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In the Magnolia State, 416,530 retirees averaged $1,369.26 monthly. Benefits, retirement income, estates, and inheritances are not taxable. Property taxes are very low, made even lower by homestead exemptions.
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Therefore, Mississippi very tax-friendly for retirees. Taxes are a high consideration for seniors on Social Security. Benefits account for at least 90% of income for nearly half of unmarried and about 1 in 5 married seniors.
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