This Is The Average Social Security Check In Each State - Page 29 of 51

23. Colorado

Average annual benefit: $17,657

In 2018, 639,282 Centennial State retirees’ monthly benefits averaged $1,471.42. Although Colorado taxes benefits, the state is still considered retirement-friendly. Seniors 55 and older can each deduct $20,000 or more from retirement income, possibly eliminating those taxes. Colorado’s property taxes are some of the lowest in America. The marginal state tax is 4.63%, but there are no estate or inheritance taxes.