The Top 25 Best Cities To Retire In The USA

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If you are starting to think about retirement plans, where you live will be one of your biggest and most exciting decisions. It’s important to keep in mind several factors, including the cost of living, the state income tax rate, and the population of people over 65 years of age. Luckily, we have done the research and have prepared a list of the top 25 places to retire in the U.S.A.

1. Huntsville, Alabama

With 13.7% of the population being over 65 years of age, retirees will be in good company. The cost of living is 4.7% below the national average. Retirees do not pay state property tax and Social Security is exempt from state income tax, making the Yellowhammer state a tax-friendly option for seniors. The mild climate lends itself to plenty of outdoor recreational activities such as fishing and hiking.

2. Milford, Delaware

Living in tax friendly Delaware has many perks. Not only is Delaware sales tax free, Social Security benefits are also exempt from taxes.

3. Cape Coral, Florida

Warm and sunny most of the year, it is a great place for golfers and beach lovers. 26.3% of the population is over 65, and the cost of living is 6% below the national average.

4. Bella Visa, Arkansas

Nestled in the Ozark foothills, Bella Vista has a cost of living that is 4% below the national average. There is no state income tax on Social Security benefits, no state estate tax, or inheritance tax.

5. Bethlehem, Pennsylvania

Located 75 miles north of Philadelphia, Bethlehem has a cost of living that is 6% below the national average. Social Security and most pensions are exempt from state income tax.

6. Boise, Idaho

With a low crime rate and a high rate of volunteerism, Boise is an attractive option for many retirees. The tax climate is favorable for retirees and the cost of living is slightly below average.

7. Oklahoma City, Oklahoma

The largest city in Oklahoma has a cost of living a whooping 15% below the national average. 12% of the population is over the age of 65. Social security benefits are not taxed, but other IRA, annuity, and trust tax laws are not favorable for retirees.

8. Reno, Nevada

Reno has a great night life, especially for casino lovers. The cost of living is slightly below average. Reno does not tax Social Security, income from an annuity or pension.

9. Grand Prairie, Texas

Located between Dallas and Fort Worth, Grand Prairie boasts a solid economy and favorable tax benefits. The cost of living is 3% below national average.

10. Green Valley, Arizona

With dozens of retirement communities, you will feel right at home in Green Valley. This city has a low cost of living and a favorable state tax climate for retirees, with no state income tax on Social Security benefits and no state estate/inheritance.

11. Sioux Falls, South Dakota

12% of the population is 65 or older. Sioux City is tax-friendly with a strong economy. The cost of living is 7% below national average and there are several hospitals specializing in care of the aging population.

12. Nashville, Tennessee

The Music City has abundant nightlife. The cost of living is 7% below the national average and Nashville is tax-friendly for retirees.

13. Austin, Texas

Austin is excellent for hiking and biking and has plenty of health care facilities. It won’t be expensive to finance your retirement with a cost of living that is 7% below the national average.

14. Lincoln, Nebraska

This college town has a cost of living that is 8% less than the national average. Though there is no estate or inheritance tax, Nebraska does tax Social Security. There are many healthcare facilities in Lincoln.

15. The Villages, Florida

Only 30 miles from the Atlantic Ocean, the villages have mild winters and plenty of outdoor recreational opportunities. The cost of living is 14% below the national average and Social Security is income tax free.

16. Jackson, Mississippi

The capital of Mississippi, Jackson has a cost of living that is 11% below the national average. History buffs and fans of blues music will find Jackson to be a delightful place to retire. Mississippi is a tax-friendly state for retirees.

17. Durham, North Carolina

Durham has a cost-of-living that is 13% below national average. It has a strong economy and quality healthcare. North Carolina exempts all Social Security retirement benefits from income taxes.

18. Bismarck, North Dakota

If you don’t mind harsh winters, Bismarck may be an ideal place to retire. With a cost of living that is slightly below average, Bismarck has a population of 14% of people being 65 or over.

19. Columbus, Ohio

The home of Ohio State University, this town has a strong sports community. The biggest city in Ohio has a cost of living that is 10% below the national average and 12% of the population is 65 or older.

20. Charleston, South Carolina

Charleston is a city rich in culture with beautiful architecture. 13% of the population is 65 and older and the cost-of-living is only slightly above average. South Carolina as a tax-friendly state for retirees.

21. Pittsburgh, Pennsylvania

Home of the Steelers, Pittsburgh has a strong love of football. 18% of the population is 65 or older and the cost of living is on par with the national average.

22. Boise, Idaho

This bustling college town makes it easy to finance your retirement with the cost of living that is 7% below the national average. 12% of the population is 65 or older and there is no shortage of cultural activities to keep you busy.

23. Lexington, Kentucky

The Blue Grass state is a tax-friendly state with a cost of living that is slightly below average. Lexington has over 100 parks, a nature preserve, an opera house and so much more.

24. Cape Coral, Florida

If you decide to retire in Cape Coral, you will be in good company. 26% of the population is 65 or older. Not far from Fort Myer, you will find plenty of things to do in your golden years. The Sunshine State is very tax-friendly.

25. Lynchburg, Virginia

For active seniors, this community tucked into the Blue Ridge Mountains could be an ideal place to retire. With the cost of living that is 10% below the national average, living in Lynchburg is affordable. Virginia is not only beautiful but also tax-friendly.

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