Retirement is not just merely leaving one’s job and ceasing to work, it’s the life of the rewards you get for your hard work. At the age of retirement, you are around the age of 60-65. You have grown up children and you live in peace at your home. Although you can retire in your native country or any other country, there is a specific reason as to why you should consider retiring in the US.
The first reason is that there are many states like Florida, Nevada, South Dakota, Texas, etc that don’t have a state income tax. Apart from this, the capital gains taxes are low. The second reason is that the United States has a very favorable warmish climate in the southern regions chiefly Florida, Arizona, California, Texas, etc. If you live in a cold country, the weather is sure to captivate you.
Best places to retire in the US
1. Huntsville, Alabama
With a population of 190,501, this place is quite ideal for the retirees. The place lies in northern Alabama. The attractive features that make it an ideal choice are low cost, low tax. Apart from this, the population here is quite educated. Alabama also houses the NASA’s Marshall Space Flight Center, the Redstone Arsenal and the Huntsville campus of the University of Alabama. The average household income is around $46,300 and currently, there are 65+ households in the city.
In case you are planning to reiter, Huntsville is one of the best places to retire in the US.
2. Dallas-Fort Worth, Texas
the place is a heaven for sports lovers. Also, the place is quite humid during the summers. The rent is by average 13% cheaper in Fort Worth than the rest of Dallas counterparts. The main reason for retiring here is the community that a retiree gets and the cheaper cost of living. Also, retirement income is not taxed.
Also see: Smallest States in the USA
3. Phoenix, Arizona
for those who always imagined living near the very beautiful Grand Canyon, Phoenix is the place for them. It comes in the Grand Canyon Area. The population of the city is around 1.6 million. The average living cost is around 12-13% above the national average. The median income for 65+ is around $55,000. Though the place is beneficial to live for retirees as their cost of living is 1% below the national average.
4. Carlsbad, California
for those who are thinking of living a great retirement life and have saved enough money, Carlsbad is the place for them. The city is a part of the San Diego metro area. The place is filled with natural beauty like hiking trails and beautiful beaches. Along with it, the community of people is also very vibrant and the climate is quite ideal. The average cost for retirees is 40% above the national average.
Also see: Warm Places To Visit In December In USA
5. Denver, Colorado
this place is also a quite ideal choice not just for the retirees, but for anyone to live. The place has a good infrastructure, better economic stability, and high employment. Also, Colorado ranks 5th in the United Health Foundation’s senior health rankings and so it makes a quite healthy choice to big busy cities. The city is home to 678,467 people.
6. Middletown, Connecticut
Middletown is a high-cost area. But when compared to the rest of Connecticut, Middletown is a bit more affordable. It comes under the Hartford metro. The famous Wesleyan University also helps to provide benefits of retiring in a college town. You get to see various restaurants and a distinct cultural aura. The average income for senior citizens is up to $92,851 a year. The population of the city is about 46,740 people.
7. Cape Coral, Florida
This place is one of the best places for retirees to retire. The city has the two most favorable things: good climate and a tax-friendly status. Many good retirement spots are spread across the Gulf Coast. The area also includes Fort Myers, another great place that is one of the most growing cities in the country. The median income of senior citizens is around $42,125. The cost of living is 2.4% below the national average.
8. Augusta, Georgia
This is yet another favorable city for retirees. Georgia holds a reputation for being one of the best states for retirement. The city has gone under major development in the past years. This has resulted in a new variety of choices for citizens in restaurants, museums, and other features. With a population nearing around 200,000, the median income of senior citizens is around $44,141. The cost of living is 9.5% below the national average.
9. Idaho Falls, Idaho
a perfect place for those people who are in love with fishing. With so many rivers to choose from the city is famous for its fishing opportunities. You can see a crowd of hikers, campers, boaters and other enthusiastic people all around the year. The average income of senior citizens is around $42,795. The cost of living is 8.3% below the national average. Like a cherry on the top, healthcare in Idaho is also improving numerously.
10. Des Moines, Iowa
This city is like getting a cake in a hand for those retirees who are planning life in a big city with less load on their pockets. The average income of senior citizens in this area is around $49,000. The cost of living is 9.4% below the national average. The city boasts of a strong economy and good healthcare. The city also has tons of activities from seeing exhibitions to races of animals like ostrich, zebra, and camel.
Also see: Coldest Countries in the World
11. Lexington, Kentucky
A true place for horse lovers. But retirees can engage in other activities also. In fact, this city is full of entertainment features. This is also a suggested place for getting retirement. With the population of 315,110 and the cost of living 6.6% below the national average, the median income of senior citizens is around $61,300. You can also study at the University of Kentucky.
12. Jackson, Mississippi
This city appeals much to ballet fans. With a population of around 170,390, the median income of the population over 65+ is around $47,850. The cost of living is around 10%below the national average. The city‘s charm also extends to Blues music and its history in the Civil War.
We have summed up the 12 best places that you should consider retiring in the US. Before picking up your perfect place to retire, ensure that you satisfy all the requirements of retiring in that place (especially for those who are non-US residents).