The newest Forbes Retirement Guide is out, and this time, the report takes a closer look at locations that offer a minimal tax burden and lower cost-of-living (i.e. there aren’t any cities in New Jersey, New York, California, or Connecticut on the list).
As the experts sifted through data, these factors – in addition to tax burden/cost of living – were considered in whittling down this list: weather, serious crime, driving conditions, availability of doctors, and opportunities for physical/social activity (volunteer work, bicycle/walking paths, etc.).
The following 16 cities, most of which boast populations of around 100,000 or more, made the cut: Albuquerque, NM; Charleston, SC; Charlotte, NC; Colorado Springs, CO; Fargo, ND; Indianapolis, IN; Jacksonville, FL; Kansas City, MO; Lexington, KY; Nashville, TN; Omaha, NE; Pittsburgh, PA; Portland, OR; Salt Lake City, UT; San Antonio, TX; and Tuscon, AZ.
Retirement living is changing every day. Some retirees are choosing to relocate overseas, others are leaving their empty nest in the suburbs and heading to metropolitan areas, and many are downsizing to a smaller living space, albeit a condo, cottage, or luxury apartment. Residence in an active adult community is another popular retirement living choice on today’s market.
- Michelle Seitzer