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Hilo Ranks in Top 10 Retirement-Friendly Towns

July 18, 2016, 3:18 PM HST
* Updated July 18, 3:20 PM
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aging caregiver elder old people elerly kupunaAccording to a recent study from SmartAsset, Hilo ranks number 8 in a list of the state’s 10 tax-friendliest places for retirees in Hawai‘i.

The study from the New York-based financial technology company ranks cities on a Retirement Tax Friendliness Index, which takes into account property, income, fuel, sales and Social Security tax data.

The following cities and town in Hawai‘i lead the state in retirement tax friendliness.

RANK
         CITY
INCOME TAX
PROPERTY TAX
SALES TAX
FUEL TAX
SOCIAL SECURITY TAXED?
RETIREMENT TAX FRIENDLINESS INDEX
1 Kahului, Maui $7,082 .2% $601 $165 No 43.93
2 Wailuku, Maui $7,082 .2% $601 $186 No 43.06
3 Kīhei, Maui $7,082 .2% $601 $199 No 42.76
4 Makawao, Maui $7,082 .2% $601 $200 No 42.70
5 Lahaina, Maui $7,082 .2% $601 $206 No 42.58
6 Kula, Maui $7,082 .2% $601 $204 No 42.52
7 Laie, O‘ahu $7,082 .3% $676 $95 No 42.37
8 Hilo, Hawai‘i Island $7,082 .3% $601 $181 No 42.31
9 Līhuʻe, Kaua‘i $7,082 0.2% $601 $198 No 42.25
10 Wai‘anae, O‘ahu $7,082 0.2% $676 $142 No 41.95

Find more details on the study results and methodology, and an interactive map online.

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