Retire in Style: Beyond the Usual Suspects

Explore the benefits of these top new retirement havens in 2024.

Retirement planning is not just about saving money; it’s also about envisioning where and how you want to spend your golden years. While Florida and Arizona have long been the go-to states for retirees seeking sunshine and leisure, the rising costs and increasingly crowded conditions in these areas are prompting many to seek alternatives. Here are four states that are rising to the top of retirement destination lists, offering a mix of natural beauty, affordability, and lifestyle perks.

Colorado is attracting retirees with its stunning Rocky Mountain landscapes and opportunities for an active outdoor lifestyle. Places like Hammond City boast reasonable living costs, with median home prices around $346,000. For those seeking luxury, mountain towns like Vail and Aspen offer upscale living amidst breathtaking scenery.

“These states represent exciting alternatives to traditional retirement destinations.”

Tennessee has emerged as a favored retirement spot, thanks to its beautiful landscapes, affordable living options, and tax advantages. With a median home price of approximately $306,000 and living costs in cities like Memphis 13% below the national average, Tennessee combines affordability with quality of life. Nashville and smaller towns provide both amenities and tranquility.

North Carolina offers retirees a mild climate, natural beauty, and dynamic urban centers. The state’s median home price stands at $175,000, nearly 10% below the national average, and it boasts no state income tax on Social Security benefits, allowing retirees to stretch their savings further.

South Dakota presents significant financial perks for retirees, including no income tax on Social Security or pension income. With median home prices around $290,000 and living costs in Sioux Falls 8% below the national average, South Dakota offers both a relaxed lifestyle and vibrant community life.

These states represent exciting alternatives to traditional retirement destinations, providing a high quality of life, lower living costs, and tax benefits. If any of these options spark your interest or if you’re keen to begin planning for retirement, don’t hesitate to reach out to us by phone or email. Remember, it’s never too early to start planning for retirement. As the saying goes, “Don’t wait to buy real estate. Buy real estate and wait.”