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Cost of Retiring in Massachusetts (MA) 2026

Massachusetts has a 5% flat rate plus 4% surtax on income over $1M. Does not tax Social Security.

5%
Top Income Tax Rate
105.8
Cost of Living Index (Above average)
No
Taxes Social Security
$1,800
Est. State Tax on $60K Income

Tax on $60,000 Retirement Income

Gross annual income$60,000
Top state income tax rate5%
Estimated effective rate3.0%
Estimated annual state tax$1,800
Monthly tax impact$150
After-tax income$58,200

5 Cheapest Alternative States

StateRateEst. Tax on $60K
AlaskaNo tax$0
FloridaNo tax$0
NevadaNo tax$0
New HampshireNo tax$0
South DakotaNo tax$0

Moving from Massachusetts to Alaska could save ~$1,800/year in state income tax alone.

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Source: IRS Rev. Proc. 2025-32, BEA Regional Price Parities (2024 vintage), SSA 2026 bend points. Tax estimates use a 60% effective factor on the top marginal rate as a simplified model. Consult a tax professional for your specific situation. Not financial advice.

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