Enjoy this new stage of life to the fullest
Choosing the right place for retirement is one of the most important decisions you will make in your life. Do you prefer calm and nature over the city life and a rich cultural offer? Are you a beach or a lake person? What is your budget? Do you want to live close to your relatives, or you don’t mind being seven states away from them?
There are a whole bunch of things you have to consider before making the big decision, and ultimately, you’ll have to make it on your own. Nonetheless, I am here to give you an idea about some of the best states in the US to settle down in your golden age.
1. Florida
It’s no surprise that Florida is a recurring position on any aspiring retiree’s Google search bar. Apart from amazing beaches, a mellow vibe, a thriving senior community, and lots of socializing opportunities, Florida is also absolutely free from state income tax. That means your pensions and social security will be left in peace.
However, due to Florida’s popularity, housing prices have been growing rapidly in recent years, and today they are around 15-20% higher than the national average, especially in Miami. Don’t fret though! There’s nothing that hard money loan solutions won’t fix and you will find Florida is worth every cent once you feel that breeze on your face.
2. South Carolina
One of the main draws of South Carolina is the cost of living, which is 7% lower than the national average. Sounds good, right? Especially for a coastal state which has so much to offer in the way of natural beauty, not to mention some of the best golf courses in the country. Add mild weather to it and you’ve got yourself a deal!
Even though South Carolina might lack the vibrant social life of Florida, if you choose one of its busier communities like Myrtle Beach, it will still get pretty lively!
3. Indiana
Not everybody has to be a beach person though. Maybe you prefer hiking through the forests and gentle strolls by the lake? Maybe you prefer to experience all four seasons instead of endless summer? In that case, Indiana has got you covered. Whether you choose the bustling capital or one of the smaller towns like Fortville, 1/6th of this state’s population is 65 and older, which can only mean: retiree-friendly.
One concern might be the healthcare system which is considered average in comparison to that of other states on the list.
4. Georgia
One of the biggest bargain states of all. Georgia sports low housing prices, low income and sales tax, amazing tax breaks for retirees, and an overall affordability of living, which means you’ll be able to stretch your savings that much further. This state has a little bit of coast for beach lovers, as well as lakes and forests for those who prefer to go fishing.
Remember that, while choosing a more rural area means more calm and peace than, let’s say, living in the huge city of Atlanta, it also means limited access to healthcare facilities.
5. West Virginia
John Denver knew what he was talking about when he called it “almost heaven.” Apart from the unquestionable beauty of Blue Ridge Mountains and Shenandoah River, West Virginia is also one of the more affordable places in the United States with its social security benefits and low property taxes. And let’s not forget the incredibly low crime rate, so that your sleep is always safe and sound.
However, you must be mentally prepared for harsh, snowy winters and limited healthcare options, especially on those ‘country roads.’ Another problem might be picking up a part-time job. If you want to earn something extra while you’re retired, Virginia is not the best place out there when it comes to job opportunities at the moment.
Whichever place you choose for your retirement paradise, whether you invest in a property or rent, remember to do thorough research beforehand and have fun with it too. Planning your future should be all about fun!
