SeniorAdvice.com ranks Louisiana as nation's 5th best state for retirement

Along with warm weather and cajun cuisine, retired seniors can enjoy a low tax burden and affordable care options if they choose to spend their golden years in Sportsman’s Paradise.

Louisiana is the fifth-best state for retirement finances, according to a report from SeniorAdvice.com. Seniors can affordably retire in the Bayou State while meeting their health and housing needs. Director of Community Relations Lori Thomas said analysts looked at a variety of metrics to determine the rating.

“We looked at overall taxes that people pay in-state, household income, property taxes, income taxes, everything financial in the state,” Thomas said. “We also look at cost of housing for seniors and senior care facilities, and the cost of healthcare.”

Along with warm weather and cajun cuisine, retired seniors can enjoy a low tax burden and affordable care options if they choose to spend their golden years in Sportsman’s Paradise. Property and state income taxes are significantly lower in Louisiana than in other states, as well as living costs. Nursing homes, adult daycares, and home healthcare are more affordable compared to other parts of the country. However, Louisiana’s annual household income of about $45,000 is just shy of the national average of roughly $51,000.

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