knoxville tn

Choosing where to retire is not easy. The finest cities for retirement have to present appealing amenities, adequate health care, superior quality of life and plethora of activities to enjoy – all on a fixed budget. To complete the following list of top 10 retirement cities in the US, we focused primarily on the affordability. The living-cost index for retirees must score below 100 (the US average) in each city. These cities must also offer tax perks to the retirees, for example lower state taxes (less than the national average, i.e. $2,424).

The 10 cities outlined below provide easy access to high quality medical facilities and have a considerably higher percentage of residents over the age of 65 (national average: 13%).

knoxville tn1. Knoxville, Tenn.

Living-Cost Index

90.1

Metro Population

698,030

Average tax per person

$1,657

People over 65 years of age

14%

Income-tax exemptions

No state income tax

Lipitor score

-1.0%

* Lipitor score shows how much cholesterol-lowing drug (30-day supply) costs below or above the average price of $174.71.

There are very few cities that can stretch a fixed budget as far as Knoxville, where the cost of living is lowest for the retirees.

Top selling point: Spectacular scenery and music

birmingham2. Birmingham, Al – Jefferson County

Living-Cost Index

90.9

Metro Population

1,128,047

Average tax per person

$1,712

People over 65 years of age

12.8%

Income-tax exemptions

Social Security benefits, qualified private pensions, local-government pensions, and civil-service, military and state pensions

Lipitor score

-8.8%

 

Top selling point: Big-city, high-standard living at an attractive Deep South discount

winston salem, nc3. Winston-Salem, N.C.

Living-Cost Index

92.2

Metro Population

477,717

Average tax per person

$2,256

People over 65 years of age

13.3%

Income-tax exemptions

Social Security benefits

Lipitor score

+6.5%

 

Top selling point: Affordability

st louis, mo4. St. Louis, Mo.

Living-Cost Index

93.3

Metro Population

2,812,896

Average tax per person

$1,620

People over 65 years of age

12.9%

Income-tax exemptions

Social Security benefits

Lipitor score

-3.5%

 

Top selling point: Lower living costs, low taxes and no pretensions

spokane, wa5. Spokane, Wash.

Living-Cost Index

93.7

Metro Population

471,221

Average tax per person

$2,395

People over 65 years of age

12.7%

Income-tax exemptions

No state income tax

Lipitor score

+1.0%

 

Top selling point: Wonderful outdoors at your doorstep

tucson, az6. Tucson, Ariz.

Living-Cost Index

95.8

Metro Population

980,263

Average tax per person

$1,596

People over 65 years of age

14.7%

Income-tax exemptions

Social Security benefits

Lipitor score

-4.9%

 

Top selling point: 350 sunny days a year.

new orleans, la7. New Orleans, La.

Living-Cost Index

96.8

Metro Population

1,167,764

Average tax per person

$1,932

People over 65 years of age

12.1%

Income-tax exemptions

Social Security benefits, Federal Retirement system benefits, and about $6000 annual retirement income

Lipitor score

+1.0%

 

palm bay, fl8. Palm Bay, Fl.

Living-Cost Index

99.7

Metro Population

543,376

Average tax per person

$1,675

People over 65 years of age

20.2%

Income-tax exemptions

No state income tax

Lipitor score

+2.0%

 

Top selling point: Sand, sun and fellow seniors

charleston, sc9. Charleston, SC.

Living-Cost Index

102.8

Metro Population

664,607

Average tax per person

$1,471

People over 65 years of age

11.1%

Income-tax exemptions

Social Security benefits

Lipitor score

+8.4%

 

manchester, nh10. Manchester, NH.

Living-Cost Index

118.3

Metro Population

400,721

Average tax per person

$1,614

People over 65 years of age

11.3%

Income-tax exemptions

No state income tax

Lipitor score

-14.2%

 

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Written by Margarita Hakobyan
Margarita Hakobyan is CEO and Founder of Moverscorp.com.