Coming up with a state retirement ranking list and trying to figure out where Iowa sits on it is difficult. On one hand it’s got the 2nd highest income tax in the nation, but offers the 10th lowest priced housing. It’s got almost abysmal weather but decent health care and a low cost of living. Iowa is like many other states in the middle of the pack. Either they are incredibly average relative to our metrics or good in some areas with some bad that completely negates anyreason it’d be higher.
Retiring to Iowa actually is a good prospect if you don’t plan on having any taxable income in retirement and can deal with brutal winters. If you take those two aspects, then you’ll get to enjoy the nations 9th cheapest housing costs, the 10th most affordable state overall and the 20th best health care system. With plenty of retirees and retirement communities throughout Iowa it really isn’t all that bad, again if you can deal with those two caveats.
With the 2nd most oppressive income tax in the nation, Iowa won’t make the list of any retirees looking to work while in retirment (and keep their income). In addition, if you’re planning on retiring to Iowa you’ll need to pack all your winter gear.
Best Retirement Cities reviewed all 50 states against 10 different retirement criteria to determine what was truly the best state to retire to.