Nevada is home to the best entertainment in the United States and retirees can enjoy the Golden Years with class. Known as the Silver State, Nevada has no state income tax, which is the first perk to living in this great state. Next, you can certainly save on your property tax, which is pretty low in comparison across the nation. Overall, the sales tax is 6.85 percent, which is about average across the nation, but food and prescription drugs are exempt from this tax, which is ideal for any older adult taking prescription medications. Looking into the many counties in this state is important considering some counties have varying tax rates, but overall this state is a cost effective choice.