Virginia: Martinsville
Martinsville is similar to Oil City when it comes to their retired population, having the same percentage, but if you’d like to live in a different state other than Pennsylvania, maybe Virginia will be the one to charm you. There are a few differences, the main one being that while they don’t tax the social security benefits, the state does tax your retirement income. This isn’t that much of an issue when you look at how much cheaper you could get a home for here: the average price is around $98,800.
That makes the town a bit more affordable, and if you’re looking at healthcare costs, they’re pretty even between these two cities. The one thing that may put you off may be the crime rate, which goes up to 28.4 per 1,000 people. But when your savings aren’t that plentiful, you shouldn’t discard this charming town just based on that.
3 thoughts on “Don’t Have Any Savings? Here Are The 8 Best Places to Retire”
I’d MUCH prefer any of the numerous tropical expat destinations! The would not only be less expensive (possibly significantly less), but nicer weather than any of these places.
Exactly Tom,
Check out the Philippines…you WILL love it.
Pennnsylvania can eat you up with school taxes. Being a commonwealth, the whole state is broken up into townships. So much waste and duplication of services it more than makes up for not taxing social security or retirement income. The school tax is the killer. The state has more tax collectors than the entire country combined.