Small towns can pack in big benefits for young retirees: little to no traffic, tight-knit communities, typically lower living costs and some peace and quiet. And you don't necessarily have to lose out on important big-city amenities--such as ample job opportunities (should you decide to dip back into the workforce for some extra income in your early retirement), diverse cultural attractions and an active nightlife--to settle down in one.

We pinpointed 50 great places in the U.S. for early retirees--one in each state--focusing on living costs, median incomes and poverty rates for residents ages 45 to 64, as well as local tax environments and labor markets. Of our 50 picks, these 16 towns boast modest populations that won't overwhelm your retirement.

Juneau, Alaska

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If you crave adventure--and don't mind long winters and vast swaths of wilderness--it pays to live in Alaska. Literally. The state's oil wealth savings account gives all permanent residents an annual dividend: $1,600 per person in 2018. That's on top of the state's generous tax situation: Alaska has no state income tax or sales tax (although municipalities may levy a local sales tax), and it doesn't tax Social Security or other retirement benefits. No wonder Alaska ranks as the most tax-friendly state for retirees.

Still, seniors don't seem too interested in facing the Last Frontier. Only 10.1% of the entire state's population is age 65 and older, compared with 14.9% of the U.S. That leaves more room for younger residents--with 25.8% of the state being 45 to 64 years old and an even higher share of the capital city belonging to that age group--to take advantage of the state's financial benefits. Younger retirees might also enjoy all the local, natural benefits: Juneau offers endless outdoor activities, from kayaking to whale watching, as well as a charming downtown.

Hot Springs, Ark.

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