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Study: Alabama second best state to retire in

Move over, Florida. According to a new study, Alabama has become one of the best places to retire not only in the south, but the entire country. Per a new study from CreditDonkey, the Yellowhammer State is the second best place to retire in the U.S.

The company ranked the states by factoring in the following:

  • Average salary
  • Annual utility bills
  • Annual medical costs
  • Food and beverage expenditure
  • Car insurance costs
  • House prices and tax rates
  • Crime rates
  • Population over 65
  • Average temperature

Overall, Alabama scored a 62.33 in the study.

Alabama has one of the most affordable property tax rates, the second state with the lowest property tax overall. The average annual tax on a property in Alabama is 0.4%, which suggests the average yearly tax on a property is $1,022.

The state also scored high in the utility category, as the eighth state with the most affordable utility cost overall, with the average annual cost of utilities at $7,082.

The full study can be found at https://www.creditdonkey.com/

Austen Shipley is a staff writer for Yellowhammer News.

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