47. Montana
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Average annual benefit: $16,640
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Officials say 171,787 Treasure State retirees received Social Security payments that averaged $1,386.69 monthly. Benefits and most retirement income are taxable. But Montana is still moderately tax-friendly for retirees.
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The state has no sales, estate, or inheritance taxes. And already fairly low property taxes may be reduced by the homestead exemption. There is also a property tax credit available to some seniors based on income.
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