Top cities to retire in the USA
It is a decision which puts every retiring individual to a dilemma as to which city to retire in the USA. Some important factors while selecting the best retirement city are home price, property tax, income rate tax. Let’s have a look at some of the cities that are big enough with all the amenities like great health care and recreation, yet affordable. Factors like social security, estate, pension, crime rate, air quality and other taxes are also considered. Following are the best retirement cities in the US:
- Bethlehem, PA
Bethlehem in the past known for Bethlehem Steel was the second largest steel producer once.
The company shut in 1995 and ended the industrial importance of the city. The mill site also known as SteelStacks is now a venue for concerts, film festivals. The average property tax is $4,082 and the top income tax rate is 3.07%. Median home price is $153,000.Retirees get plenty income tax breaks and the city has very good health care. Nashua, NH
Low taxation, houses that are affordable and ambiance of an English town are the highlight. The city doesn’t levy any state tax. Residents older than 65 get a $1,200 tax exemption. This city doesn’t have a social security or pension tax .
Low taxation, houses that are affordable and ambiance of an English town are the highlight. The city doesn’t levy any state tax. Residents older than 65 get a $1,200 tax exemption. This city doesn’t have a social security or pension tax .
Florida has always been known to house the best retirement cities for a long time. Known for its lifestyle, beaches, architecture, Hollywood is a dream city with grand hotels and wide boulevards. The median home price is $198,000 with property tax $3,995. Hollywood has no income tax. Affordability is one aspect that can attract the retirees. Rich in culture and lot of area to explore, Hollywood is like heaven for retirees.
It is also one of the best retirement cities which makes retired citizens feel at peace. Tons of hotels spread across the city town center, Greenville has a lot of areas to explore. Spacious places for walking and cycling, Greenville is a perfect place to burn those extra calories. The income tax ranges from 3% to 7% with a lot of exemptions for retirees.
This best retirement city, Sugar Land was known for its Imperial sugar refinery and eventually evolved as Company township for the employees of the same. The refinery was shut in 2002 and now is transformed into Imperia market that includes shops, offices, children’s museum and cinema theatre. The median home price is $356,250, and the average property tax is $8,210. The cost of living is low with a high-quality living. There is no income tax.
Located on the Tennessee River Gorge, Chattanooga is known as “Scenic City”. The state took off the estate tax and plans to cut hall tax on investment income which is currently 5%.A 13-mile river walk to the free high-speed internet throughout the city are some of the highlights that attract people of all the age.
The only UNESCO city of literature in North America, The University of Iowa Writers’ Workshop has many famous writers as their alumni. Annual Iowa city book festival is a famous 6-day fest which attracts many people. The median home price is $187,000, and the average property tax is $3,553. Iowa has 8.98% income tax.
Gateway to the black hill, the Rapid city holds six national parks and monuments which makes its way to the best retirement cities list. Mount Rushmore is in Rapid City. Rapid city is famous for its affordable prices for homes. The city doesn’t have income tax and has very low sales tax. The culture of the city is also as attractive as the topography.
Reno might suffer from an image problem but is swiftly becoming a sweet spot for recreation and cultural activities. Reno has a pleasant climate and is a good city to explore North California. The Yosemite National park is just three hours away from Reno. The median home price is $268,250.The average property tax is $1,735. The city doesn’t levy any income tax. It offers all the modern amenities which include a regional airport, advanced medical care at affordable prices.
Santa Fe is a colorful city with a different topography. It accommodates 250 galleries which are spread across three districts. The city levies a personal income tax which is as high as 4.9%. For people above the age of 65, a deductible income of $8,000 is an advantage for retirees.
A walk along the Spokane River is enough to conclude why people retire here. Supported by all the amenities. Although the second largest metro city, the clear weather attracts the people here. A heaven for golfers, Spokane has four municipal golf courses. The median home price is $152,000, and the average property tax is $1,888. The city doesn’t levy any income tax. Advanced healthcare is another plus.
Known for its craft breweries, Bend is a nice place for having abundant outdoor fun. The city has very good climate and offers advanced medical care. The city also has plenty cultural activities.
If you consider the retirement as a long vacation, its best to head for the best cities that offer sunny climate, recreational activities, health care and minimal taxes.
Disclaimer:
The content provided on our blog site traverses numerous categories, offering readers valuable and practical information. Readers can use the editorial team’s research and data to gain more insights into their topics of interest. However, they are requested not to treat the articles as conclusive. The website team cannot be held responsible for differences in data or inaccuracies found across other platforms. Please also note that the site might also miss out on various schemes and offers available that the readers may find more beneficial than the ones we cover.
