Takeaway:
Every retiree who travels outside of their home state usually wants to settle in locations that have friendly taxes, better weather compared to where they lived before, and plenty of cultural and recreational opportunities because a lot of them are not going to live in the same locations where their families live.
And then comes a need for making new friends and a community of other elderly people that will help them adapt as smoothly as possible. Before taking a big step into retirement life, make sure you will spend some time in places where you want to live before you actually move there. The best advice we can give is that you should definitely go to various places and see what you are attracted to.
Also check which places have a lower cost of living and lower property taxes. A better option is to try to rent a place before actually moving to that place. In your opinion, what are the states that offer a plethora of benefits for retirees? Are you lucky enough to live in one of them?
If you really enjoyed reading about this topic, we suggest you check out other articles on our page too! Our first pick is 7 Things Happy Retirees Have in Common.
We chose Western Central Florida when we moved from Michigan. In our 22 years here we are happy to live here. Despite hurricanes and floods we still made a good choice. We avoided waterfront properties and we have not sustained any damages yet. We have a second house on the water and owned it for 13 years and never had damages. We love the pool in our house and we have many friends. We are happy in Florida. We are sad for other residents who lost their homes in many places in Florida. For those who lost their lives, may there be peace in your families.
Florida i lived there for 17 yrs and haven’t gone back it is pleasant weather but muggy and hot but the constant threat each year keeps ya off balance. Of the 17 yrs i lived there only one came thru central fla Orlando where i lived only had minimal damage but the threat was always real and now with warming much more of a reality.no way would i go back to live. I am considering Ms. But more familiar with Carolina. Both north and south. However, they too are subject to bad storms Tn. is more inland with some great cities in easy range the cluster of Atlanta Knoxville Nashville Birmingham all within very short drive from Chattanooga is pretty sweet. And Chicago is a one-day drive can’t do better than chg. for variety. Its a great town.if ya cant find what ya want there it doesn’t exist!!!
I have lived in Florida for more than 30 years. I am now 70+ years old. I used to own but decided to rent. Be very careful and work out the math as rent in Florida is now one of the highest, especially here in Miami Beach. I thought about owning again but prices are also on a runaway. I have just returned from a 4 weeks trip to consider if I should stay here or return to the UK. Rent in seaside Brighton is lower than Miami Beach for sure.
Most of the states selected have real drawbacks, Florida has hurricanes, humidity, bugs, snakes, alligators. Mississippi has the same. Delaware, New Hampshire have terrible winters and high humidity in the summer. The Pacific Northwest probably has the most comfortable weather conditions, yet none of them are mentioned.
Poorly researched since you omitted Georgia. In addition to no State taxes on retirement income, there are several counties in the Metro Atlanta area where at age 62 you are eligble for an exemption on the school portion of you property taxes resulting in a big reduction as long as you do not have children in grade or high school.
Add in the low cost of living, the fact that you have 4 seasons with enough winter that you don’t miss it if you’re from the North but not enough that you get sick of it and the eventual elimination of State income taxes over the next 5 years and I can’t think of a better place although Florida is a close second.