Best cities for early retirement

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More than half of Americans don’t know if they’ll be able to live comfortably through retirement.

Making matters worse is approximately one in three are preparing to retire early — meaning they will face longer time horizons and need larger nest eggs saved up to last through their golden years, according to new data from Northwestern Mutual.

One way to help clients looking to leave work-life early is to find a more cost-effective place to retire, so savings can last even longer. Keep in mind, it’s also likely that clients will want to live in a city with a high concentration of other residents their age.

A study by Kiplinger analyzed cities around the country to determine which have the most favorable conditions for early retirees. Some of the most important factors to consider: how favorable are the tax laws and how high are the cost-of-living expenses.

The study also looked at the economic health, average household income and the demographics of the population. The study prioritized cities with higher concentrations of residents between the ages of 45 and 65. The national average is at 26.1%, according to the data.

The study ranked the states’ overall tax picture from least tax friendly to most tax friendly, based on factors like retirement income, property and tax breaks for seniors.

(Data was collected from the Council for Community and Economic Research, Sperling's Best Places, U.S. Census Bureau, HealthView Services, Mercatus Center at George Mason University and United Health Foundation.)

Here are the highest-ranked cities from each state to retire early.

Huntsville, Alabama
Population of ages 45 to 64: 27.8%

Retired cost of living compared to national average: 5.4% below

Median income of age group: $77,266

State’s tax friendliness: Tax friendly
Juneau, Alaska
Population of ages 45 to 64: 29.3%

Retired cost of living compared to national average: 33.2% above

Median income of age group: $102,396

State’s tax friendliness: Most tax friendly
Lake Havasu City, Arizona
Population of ages 45 to 64: 28%

Retired cost of living compared to national average: 0.2% below

Median income of age group: $44,328

State’s tax friendliness: Mixed
Hot Springs, Arkansas
Population of ages 45 to 64: 27.1%

Retired cost of living compared to national average: 8% below

Median income of age group: $49,692

State’s tax friendliness: Not tax friendly
San Francisco, California
Population of ages 45 to 64: 26.8%

Retired cost of living compared to national average: 83.3% above

Median income of age group: $105,396

State’s tax friendliness: mixed
Denver, Colorado
Population of ages 45 to 64: 25.7%

Retired cost of living compared to national average: 9.9% above

Median income of age group: $84,653

State’s tax friendliness: Mixed
New Milford, Connecticut
Population of ages 45 to 64: 33.4%

Retired cost of living compared to national average: 16.6% above

Median income of age group: n/a

State’s tax friendliness: Least tax friendly
Newark, Delaware
Population of ages 45 to 64: 16%

Retired cost of living compared to national average: 11.5%

Median income of age group: n/a

State’s tax friendliness: Tax friendly
Tampa, Florida
Population of ages 45 to 64: 27.3%

Retired cost of living compared to national average: 9.3% below

Median income of age group: $68,759

State’s tax friendliness: Most tax friendly
Savannah, Georgia
Population of ages 45 to 64: 24%

Retired cost of living compared to national average: 9.8% below

Median income of age group: $68,759

State’s tax friendliness: Most tax friendly
Kapaa, Hawaii
Population of ages 45 to 64: 28.3%

Retired cost of living compared to national average: 67.5%

Median income of age group: $82,891

State’s tax friendliness: Tax Friendly
Twin Falls, Idaho
Population of ages 45 to 64: 22.6%

Retired cost of living compared to national average: 9.3% below

Median income of age group: $58,063

State’s tax friendliness: Mixed
Champaign-Urbana, Illinois
Population of ages 45 to 64: 21.6%

Retired cost of living compared to national average: 9.7% below

Median income of age group: $73,227

State’s tax friendliness: Mixed
Evansville, Indiana
Population of ages 45 to 64: 27.2%

Retired cost of living compared to national average: 6.4% below

Median income of age group: $61,349

State’s tax friendliness: Least tax friendly
Des Moines, Iowa
Population of ages 45 to 64: 24.9%

Retired cost of living compared to national average: 9.2% below

Median income of age group: $80,898

State’s tax friendliness: Not tax friendly
Topeka, Kansas
Population of ages 45 to 64: 27.2%

Retired cost of living compared to national average: 8.2% below

Median income of age group: $65,788

State’s tax friendliness: Least tax friendly
Louisville, Kentucky
Population of ages 45 to 64: 27.4%

Retired cost of living compared to national average: 6.8% below

Median income of age group: $65,005

State’s tax friendliness: Most tax friendly
Lafayette, Louisiana
Population of ages 45 to 64: 25.4%

Retired cost of living compared to national average: 8.5% below

Median income of age group: $55,140

State’s tax friendliness: Tax friendly
Portland, Maine
Population of ages 45 to 64: 30.2%

Retired cost of living compared to national average: 17.1% above

Median income of age group: $77,152

State’s tax friendliness: Mixed
Lexington Park, Maryland
Population of ages 45 to 64: 27.5%

Retired cost of living compared to national average: 12% above

Median income of age group: $105,417

State’s tax friendliness: Least tax friendly
Pittsfield, Massachusetts
Population of ages 45 to 64: 30.3%

Retired cost of living compared to national average: 7.4% above

Median income of age group: $65,943

State’s tax friendliness: Not tax friendly
Grand Rapids, Michigan
Population of ages 45 to 64: 25.5%

Retired cost of living compared to national average: 2.2% below

Median income of age group: $71,042

State’s tax friendliness: Not tax friendly
Minneapolis, Minnesota
Population of ages 45 to 64: 26.7%

Retired cost of living compared to national average: 5.8% above

Median income of age group: $89,630

State’s tax friendliness: Least tax friendly
Gulfport-Biloxi, Mississippi
Population of ages 45 to 64: 26.3%

Retired cost of living compared to national average: 13% below

Median income of age group: $53,386

State’s tax friendliness: Most tax friendly
St. Louis, Missouri
Population of ages 45 to 64: 27.5%

Retired cost of living compared to national average: 9.9% below

Median income of age group: $72,205

State’s tax friendliness: Mixed
Bozeman, Montana
Population of ages 45 to 64: 23%

Retired cost of living compared to national average: 2.6% above

Median income of age group: $75,219

State’s tax friendliness: Not tax friendly
Omaha, Nebraska
Population of ages 45 to 64: 24.9%

Retired cost of living compared to national average: 3.8% below

Median income of age group: $76,471

State’s tax friendliness: Least tax friendly
Gardnerville Ranchos, Nevada
Population of ages 45 to 64: 31.1%

Retired cost of living compared to national average: 34.1% above

Median income of age group: $69,183

State’s tax friendliness: Most tax friendly
Manchester, New Hampshire
Population of ages 45 to 64: 30%

Retired cost of living compared to national average: 10.4% above

Median income of age group: $93,052

State’s tax friendliness: Most tax friendly
Asbury Park, New Jersey
Population of ages 45 to 64: 24.2%

Retired cost of living compared to national average: 25.5% above

Median income of age group: n/a

State’s tax friendliness: Mixed
Albuquerque, New Mexico
Population of ages 45 to 64: 26.1%

Retired cost of living compared to national average: 2.4% below

Median income of age group: $59,944

State’s tax friendliness: Least tax friendly
Buffalo, New York
Population of ages 45 to 64: 28.3%

Retired cost of living compared to national average: 6.1% below

Median income of age group: $67,558

State’s tax friendliness: Not tax friendly
Raleigh, North Carolina
Population of ages 45 to 64: 25.9%

Retired cost of living compared to national average: 7.3% below

Median income of age group: $82,608

State’s tax friendliness: Not tax friendly
Bismark, North Dakota
Population of ages 45 to 64: 25.8%

Retired cost of living compared to national average: 2.8% below

Median income of age group: $82,884

State’s tax friendliness: Tax friendly
Cincinnati, Ohio
Population of ages 45 to 64: 27%

Retired cost of living compared to national average: 4.2% below

Median income of age group: $72,675

State’s tax friendliness: Mixed
Oklahoma City, Oklahoma
Population of ages 45 to 64: 24.1%

Retired cost of living compared to national average:13.9%

Median income of age group: $65,355

State’s tax friendliness: Not tax friendly
Portland, Oregon
Population of ages 45 to 64: 26.2%

Retired cost of living compared to national average: 28.7% above

Median income of age group: $79,11

State’s tax friendliness: Not tax friendly
Pittsburgh, Pennsylvania
Population of ages 45 to 64: 28.9%

Retired cost of living compared to national average: 1% above

Median income of age group: $70,254

State’s tax friendliness: Most tax friendly
Providence, Rhode Island
Population of ages 45 to 64: 28.1%

Retired cost of living compared to national average: 22.5% above

Median income of age group: $77,721

State’s tax friendliness: Not tax friendly
Greenville, South Carolina
Population of ages 45 to 64: 26.3%

Retired cost of living compared to national average: 2.6% below

Median income of age group: $59,527

State’s tax friendliness: Tax friendly
Pierre, South Dakota
Population of ages 45 to 64: 27.8%

Retired cost of living compared to national average: 2.5% below

Median income of age group: $71,807

State’s tax friendliness: Most tax friendly
Knoxville, Tennessee
Population of ages 45 to 64: 27.2%

Retired cost of living compared to national average: 17.4% below

Median income of age group: $58,303

State’s tax friendliness: Tax friendly
Sherman, Texas
Population of ages 45 to 64: 26.8%

Retired cost of living compared to national average: 14.3% below

Median income of age group: $64,446

State’s tax friendliness: Tax friendly
Ogden, Utah
Population of ages 45 to 64: 20.7%

Retired cost of living compared to national average: 0.7% below

Median income of age group: $84,527

State’s tax friendliness: Least tax friendly
Burlington, Vermont
Population of ages 45 to 64: 27.6%

Retired cost of living compared to national average: 17.2% above

Median income of age group: $83,500

State’s tax friendliness: Least tax friendly
Roanoke, Virginia
Population of ages 45 to 64: 28.4%

Retired cost of living compared to national average: 10.3% below

Median income of age group: $62,803

State’s tax friendliness: Tax friendly
Seattle, Washington
Population of ages 45 to 64: 26.4%

Retired cost of living compared to national average: 50.1% above

Median income of age group: $92,533

State’s tax friendliness: Tax friendly
Morgantown, West Virginia
Population of ages 45 to 64: 23.2%

Retired cost of living compared to national average: 6.3% below

Median income of age group: $63,746

State’s tax friendliness: Not tax friendly
Green Bay, Wisconsin
Population of ages 45 to 64: 27.6%

Retired cost of living compared to national average: 10.2% below

Median income of age group: $70,934

State’s tax friendliness: Least tax friendly
Cheyenne, Wyoming
Population of ages 45 to 64: 25.9%

Retired cost of living compared to national average: 7.9% below

Median income of age group: $75,418

State’s tax friendliness: Most tax friendly