Are you on the cusp of retirement or in its early phases and thinking about relocating to a city more pleasant and conducive to your lifestyle? And with a reasonable cost of living?
Think twice about coastal towns. These tend to be pricey and may be too crowded for your taste in “the season”. Instead, think college towns, which, among other things, tend to be rich in culture, could help you maintain a youthful mindset and tend to be populated with reasonably priced homes.
At least this is the way we see things. Here are the 8 Best Places to Retire in the U.S. Conventional wisdom says middle-class retirees should have a nest egg of $1 million to $1.5 million to retire comfortably, but you can probably get by with less in some of these places, especially if you land a part-time job at the local college or elsewhere.
These selections were made based on several factors including cost of living, availability of cultural events, attractions, the quality of medical care, crime rates, air quality, and volunteer opportunities. Tax rates were also considered, it’s important to note that states without income tax, such as Texas and Florida, often compensate with higher real estate and sales taxes.
Here is the list, in alphabetical order:
- Cincinnati, Ohio: Offers a low cost of living and no state income tax on Social Security. The city has a vibrant cultural scene, with plenty of museums and theaters.
- Columbia, Missouri: A lively college town with a strong sense of community, offering a mix of cultural events, outdoor activities, and a low cost of living.
- Fargo, North Dakota: Known for its friendly community and strong economy, Fargo offers cultural activities and outdoor recreation with a low crime rate and no state estate tax.
- Green Valley, Arizona: A popular retirement destination with beautiful desert landscapes and many recreational opportunities. It also boasts low crime rates and no state income tax on Social Security.
- Greenville, South Carolina: Nestled in the Blue Ridge Mountains, Greenville offers a thriving arts scene, outdoor recreation, and tax-friendly policies for retirees.
- Indianapolis, Indiana: A Midwest city known for its cultural attractions, including museums and theaters, with a low cost of living and no state income tax on Social Security.
- Jacksonville, Florida: A coastal city with beautiful beaches and a diverse cultural scene. Florida’s tax-friendly policies make it an attractive retirement option.
- Tucson, Arizona: Offers a rich cultural history, with various festivals and events, along with a lower cost of living compared to the national average.
If you are thinking about your plans for retirement and want to secure income for life, you can speak to an advisor today by calling us at 1-866-223-2121 or send us an email at support@annuityfyi.com.
