Retirement places cater to different preferences. People love Florida for its beaches and warm climate. But it comes with a hefty price tag. So, let’s look at other cheap retirement options in the US region.
South Carolina
It is a popular retirement destination with a mild climate and stunning beaches. Sunny summers and mild winters make it an ideal place for active retirees. The cost of living is affordable in South Carolina, too. Plus, you can get a retirement income deduction of up to $15,000 if you are over the age of 65.
Georgia
If you are looking for one of the tax-exempt places, retirement homes in Georgia can be a good option. The cost of living is lower than the national average. This is an attractive destination for fixed-income retirees. Besides, the place has access to medical care.
Alabama
A mild climate and a chance for diverse cultural experiences make it a great choice. The cost of living is low, too. It has the lowest property tax in the region, which helps retirees to own a home. However, there are limited healthcare options. The sales tax is the fifth highest in the US.
Texas
The State of Texas Retirement program is a benefit retirement plan for retirees. Here, retirees can get affordable housing options in Texas. Potential retirees get lifetime annuities. Texas is also a low-tax state with no state income, estate tax, or inheritance tax for retirees. Retirees are also eligible for healthcare benefits in Texas.
Arizona
Arizona is an ideal retirement destination, having mild temperature and plenty of sunshine. You can go for lots of outdoor activities, especially in the winter. Yet, the scorching summers can be a bit of a drawback. Arizona has the lowest flat income tax of 2.5%. It is 12th on the list of lowest property taxes.
Mississippi
Retirees enjoy the charming weather in Mississippi. A slow pace of life and a sense of community is an add-on. The state has opportunities for different outdoor activities. Magnolia State in Mississippi is an inexpensive option. But, the state ranks last in every leading health outcome.
Louisiana
Louisiana is in the southern region of the US. This is a popular retirement option other than Florida. A relaxed and vibrant environment makes it a great choice. This is a non-taxed state for retirees. Louisiana has the third lowest property tax in the US.
Tennessee
Tennessee is a place for natural beauty and several options for outdoor activities. It can be an excellent place for retirement. Groceries, utilities, and transportation are affordable as compared to Florida. The low cost of living and non-taxed benefits offer attractive retirement home options.
Arkansas
Arkansas has a mild climate, serene landscapes, and affordable cost of living. Recreational activities are abundant. Healthcare facilities are excellent in the state. Arkansas retirees enjoy lower taxe, especially on income and property, the taxes are lower.
