Illinois: Freeport
Good old Illinois, despite it not being considered to be the best town to retire in, it still occupies a very high place in the grand scheme of things and, depending on what is important to you, may even come before what the experts consider to be the best. Freeport is appealing to many retirees because the state doesn’t tax any of their income, but also because the home price is quite affordable at around $106,000.
Moreover, the crime rate is small (20.94) and a lot of people find it easy to live here comfortably despite not having had a lot in their retirement savings fund! After all, they make up 23% of the population of this town!
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.