Zumper, a real estate rental platform, recently conducted a new study on the trending idea of FIRE (Financial Independence, Retire Early).
What Is Happening Now
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While traditionally, everyone retires at 65; you will find many who want to and have retired in their early 40s. Some even retire as early as their 30s. For those who want a peaceful life after retirement, which place in the US would you want to go to?
They analyzed many cities by the needs and wants of a retiree and came up with the best ten places to retire in the USA.
Who Ranked First
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Based on these metrics, Columbus is ranked the best city in the United States for retirees. The report explains,
“Housing affordability, healthcare availability, and outdoor recreation satisfaction are areas where this city excelled in our analysis. With a median 1-bedroom rent price of $935/month, retirees can downsize with flexibility in their fixed income for luxury accommodations and amenities.”
What More
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The study also says, “While the weather in Ohio may not be as enjoyable as in most Southern or Coastal cities, our survey of renters ages 45 and above indicates that Columbus residents are delighted with their environment and access to outdoor recreation options. When asked to describe the best aspects of Columbus, survey respondents noted the plethora of cultural activities, including museums and art, the nightlife, and access to green spaces like parks and outdoor recreation.
Financial stability is also essential when retiring, and with no state social security tax and a state income tax rate of 3.99 percent, Columbus is a desirable location for early retirees with additional income from investments.”
T0p 5 Cities To Retire
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Next, let’s see which are the next 5 cities that fare well for retirement.
Louisville, KY
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It is an affordable city with rent as low as $866. Along with no state taxes on social security benefits, city residents love the accessibility to the outdoors.
Spokane, WA
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Besides access to the outdoors, excellent air quality, and recreation facilities, it also has favorable tax rates for retirees.
Detroit, MI
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The city is known for its vibrancy, friendliness, public transportation, and healthcare services.
Albuquerque, NM
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The median rent is as low as $850/month, with excellent weather conditions and outdoor recreation. However, it is less favorable in terms of tax.
San Antonio, TX
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Besides not having any state income taxes on Social Security retirement benefits, and an excellent pension income, the state also has the top 20 for healthcare service providers.
Do You Agree
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What do you think? Which states do you think is the best for retirement?
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