This Southern U.S. State Is One of many Finest Locations to Retire for Its Price of Residing — and No, It is Not Florida or a Carolina

With its year-round heat climate, well-known hospitality, coastal communities, and culinary heritage, the South has all the time been a well-liked retirement vacation spot for American seniors. Whereas Florida continues to be essentially the most sought-after state for these 65 and over, if low value of dwelling is a precedence, take into account relocating to Georgia.

Bankrate lately named it the third-best state for retirement, analyzing information on dwelling prices, healthcare, general well-being, climate, and crime charges.

“The Peach State has turn out to be considerably extra reasonably priced since final 12 months, pushing it up from fifteenth place to 3rd place on our rating,” the report said. “That is primarily as a result of Georgia’s value of dwelling has come down considerably, and common owners insurance coverage premiums have dropped barely.”

In response to Zillow, the state’s median residence worth is $333,862, which is about $30,000 decrease than the nationwide median. Cities like Statesboro, Augusta, and Dublin rank among the many most reasonably priced communities in Georgia. Area of interest.com highlights Avondale Estates close to Atlanta, Simons, and Clarkesville as a few of the greatest locations to retire within the state, all incomes wonderful general scores of A- or above.

The Peach State can also be very tax-friendly to its senior residents. It does not tax Social Safety advantages, and residents pay no inheritance or property taxes. There are additionally quite a few tax breaks for seniors, equivalent to deductions of as much as $65,000 on taxable revenue, from which even those that reside part-time in Georgia can profit.

Nonetheless, take into account that Southern states are a few of the most costly relating to well being care, and Georgia is not any exception, rating eighth in a current survey.

However seniors are nonetheless drawn to its charming communities, which span small cities within the Blue Ridge Mountains and beautiful barrier islands. As a mid-sized state, Georgia is definitely accessible — it takes slightly over three hours to cross the state from east to west and 5 hours from north to South. Georgia can also be residence to the world’s busiest airport, Hartsfield-Jackson Atlanta Worldwide Airport, which connects the state to over 230 locations. 

In Bankrate’s rating of the most effective states for retirement, Delaware and West Virginia rank first and second, respectively, whereas California, Washington, and New York rank final.

You’ll be able to learn the complete report on bankrate.com.