No state income tax, no state sales tax, and a yearly dividend check. Watch out: high prices, harsh winters, and long distances to care.
The short version
Social Security: not taxed at all.
Pensions: No state income tax.
401(k) and IRA withdrawals: No state income tax.
The setup: No income tax; residents also receive the Permanent Fund Dividend.
The average effective property tax rate is about 0.94% — roughly $2,820 a year ($235 a month) on a $300,000 home. Your county sets the real number.
Help for seniors: Homeowners 65+ can exempt up to $150,000 of home value (local option).
Try your own home value in the Property Tax Estimator.
Overall cost of living runs about 25% above the U.S. average. The combined state and average local sales tax is 1.82%.
January days top out around 23°F and July days around 65°F, with roughly 126 sunny days a year. Watch out for: Extreme cold and very dark winters; earthquakes in the south.
Anchorage has solid hospitals; rural care often means a flight out.