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Where is the cheapest state to retire?

Michigan ranks as the most affordable state to retire in 2022, according to a recent Bankrate analysis. This is due to a low cost of living and light tax burden for residents. ... Here are the seven most affordable states to retire, according to Bankrate: Michigan. Tennessee. Missouri. Mississippi. Kentucky. Oklahoma. Georgia.

cnbc.com - The 7 most affordable U.S. states to retire—and none of them are Florida

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If you want to make your money stretch after retiring, look no further than the Great Lakes state. Michigan ranks as the most affordable state to retire in 2022, according to a recent Bankrate analysis. This is due to a low cost of living and light tax burden for residents. To compile the overall list of best states to retire, Bankrate ranked states according to five categories: affordability; health and wellness; culture and diversity; weather; and crime. To calculate affordability, Bankrate analyzed the July 2022 Cost of Living Index from the Council for Community and Economic Research and property and sales tax rates from the Tax Foundation's 2022 rankings.

Here are the seven most affordable states to retire, according to Bankrate:

Michigan Tennessee Missouri Mississippi Kentucky Oklahoma Georgia

Despite its top ranking in affordability, Michigan didn't place as highly in other categories. It ranked in the 30s for health and wellness, culture and diversity, and weather, and ranked 29th for crime. And although Florida is known to have good tax benefits for retirees, it came in at No. 18 for affordability since the state's cost of living has been rising, Bankrate reports. However, the state scored high marks in other categories, including ranking No. 1 for culture and diversity and No. 5 for weather. When thinking about where to retire, there are a number of things to consider. Everyone has different priorities. Ask yourself questions such as, "how will your income be taxed?" says Clark Kendall, president of Kendall Capital Management in Rockville, Maryland, and author of "Middle-Class Millionaire."

"Look at how you're going to spend your money, too," Kendall adds.

"When you're considering a community, you have to think about what you still want to do," says Ginni Field, a real estate broker in Oceanside, California, who specializes in senior buyers and sellers. "Do you still want to be able to play golf, tennis or pickleball?" Don't miss: Millennial and Gen Z workers aren’t saving enough for retirement—here are 3 tips to get on track

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What is the most self-sufficient?

Norway List by Food and Agriculture Organization Rank Country Ratio (%) 1 Norway 50.1 2 Belgium 50.6 3 Haiti 51.0 4 Somalia 52.4 6 more rows

en.wikipedia.org - List of countries by food self-sufficiency rate - Wikipedia

List by Food and Agriculture Organization [ edit ]

Countries with highest self-sufficiency ratio[1] Rank Country Ratio (%) 1 Argentina 273 2 Uruguay 232 3 Australia 207 4 Ukraine 193 5 New Zealand 185 6 Canada 183 7 Bulgaria 171 8 Hungary 162 9 Lithuania 149 10 Malaysia 145 Countries with lowest self-sufficiency ratio[1] Rank Country Ratio (%) 1 Norway 50.1 2 Belgium 50.6 3 Haiti 51.0 4 Somalia 52.4 5 Dominican Republic 53.8 6 Zimbabwe 53.8 7 Armenia 53.9 8 Netherlands 54.3 9 Panama 54.4 10 Syria 56.0

List by Japan's Ministry of Agriculture, Forestry and Fisheries [ edit ]

Graph of food self-sufficiency rates

This is a list of major countries by food self-sufficiency rates on a calorie supply basis.[2] Ranking Country Rate (%) Year 1 Australia 173 2022 2 United States 124 2007 3 France 111 2007 4 Germany 80 2007 5 Italy 63 2007 6 Switzerland 54 2007 7 South Korea 44 2007 8 Japan 40 2009