When the time comes RetireMany people automatically think of heading to sunny states like Florida or Arizona.
With their warm climate, golf courses, and retirement communities, these states seem like an obvious choice. But when it comes to retirement, retirement planning experts say other states may be even better.
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In recent years, there has been a shift away from states that traditionally attract retirees, such as Florida and Arizona. Rising housing costs, taxes, and crowding are causing some retirees to reconsider whether these are really the best places to settle. Instead, they are looking for alternatives that offer a higher quality of life, lower cost of living, and tax benefits.
colorado
Colorado may not immediately come to mind as a retirement destination, but it offers attractive benefits, according to some experts. The state offers access to the Rocky Mountains and an active outdoor lifestyle. The cost of living is quite reasonable in some areas.
“In my opinion, Colorado is a great state for retirees,” said CEO Seamus Nalley. turbo tenant. “Of course, I’m all for it because I live here, but the truth is, for retirees looking for a competitive cost of living, it’s a great option. Cities like Denver and Colorado Springs are expensive. But there are other options like Canon City, where the cost of living is below the national average. The median home price is about $346,000. For retirees who love the outdoors, there’s no better place.”
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For comparison, the median home price in Florida is about $388,000, compared to about $422,000 in Arizona, according to Zillow.com.
Beautiful mountain towns like Vail and Aspen ensure a luxurious lifestyle for those who can afford it. However, many of Colorado’s small towns and communities offer retirees a peaceful lifestyle and a comfortable cost of living. Active adults have plenty of options, including hiking, biking, fishing, and skiing. With the right home base, Colorado offers the ideal blend of natural beauty and amenities for many retirees.
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tennessee
Tennessee has established itself as a top retirement destination in recent years thanks to its natural beauty, wide range of living options, and tax benefits. The state is characterized by a good balance of urban and rural amenities and a low cost of living.
According to Zillow, the median home price in Tennessee is approximately $306,000, and according to Payscale.com, the cost of living in Memphis is 13% lower than the national average.
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Major metropolitan areas like Nashville and Memphis offer amenities, medical facilities, and cultural attractions. At the same time, the small towns of East Tennessee have a charming, welcoming atmosphere and a more peaceful environment. The Great Smoky Mountains offer a wealth of opportunities for outdoor recreation and natural beauty.
north carolina
North Carolina is quickly emerging as a leading retirement destination thanks to its mild climate, natural beauty, and vibrant cities. The state has miles of scenic coastline, the Blue Ridge Mountains, and an affordable cost of living.
According to Payscale, the median home price in North Carolina is $175,000. Even better, the cost of living is nearly 10% lower than the national average.
“North Carolina offers the stunning natural beauty of the Blue Ridge Mountains and more than 300 miles of pristine Atlantic coastline,” said CEO and Founder Alex Adekola. Lady Adjuster. “Major metropolitan areas offer amenities such as world-class health care from Duke University and cultural attractions that rival those of larger states.
Small towns offer an escape from the hustle and bustle. “From quiet Appalachian hamlets to vibrant cities, North Carolina has a retirement location to fit every lifestyle,” Adekola said. “North Carolina’s low taxes and affordable housing, as well as its natural wonders and attractive climate, make it a great place to retire. Compared to popular alternatives in the West and South. It’s significantly cheaper and offers a higher quality of life.”
With such an abundance of natural beauty and so many amenities, it’s no wonder North Carolina is a retirement destination of choice. Due to the warm climate, there are many days when it is pleasant to go out. From major metropolises to charming small towns, North Carolina offers retirement living options to suit every lifestyle and budget.
south dakota
Although not of interest to most retirees, South Dakota has economic benefits that are worth taking a look at. The state does not tax income, Social Security benefits, or pension income. For retirees focused on maximizing their savings, South Dakota offers unparalleled advantages.
According to Zillow, the median home price in South Dakota is about $290,000, and according to Payscale, the cost of living in Sioux Falls is 8% lower than the national average.
Although there are few major population centers, vibrant towns like Sioux Falls offer ample amenities and a more relaxed pace of life. Beautiful wildlife can be seen at Custer State Park. Retirees who enjoy the outdoors have plenty of options for biking, fishing, and hiking.
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This article was first published GOBankingRates.com: I’m a Retirement Planning Expert: Top 4 States: Florida and Arizona
