5 Unlikely Retirement Locations
Where would you like to retire?
Stereotypes about retirement and retirement locations abound. Florida, Arizona and Southern California are well known destinations for older Americans freed from having to go to work every day. However, according to the AARP, a prudent 21st century evaluation of potential retirement locations must consider more than average winter temperatures and the distance away from grandchildren.
With a population of 120,000 together, the two small communities of Sherman and Dennison, Texas, have a lot to offer retirees, according to the AARP. The organization said the area’s median home price was a little more than $79,000 and its median mortgage payment was just $303 per month. In addition, the median property tax was only a little more than $1,150 per year and Texas does not tax either social security or pension payments.
Relatively compact among Colorado’s more sprawling cities, Pueblo’s 158,000 residents enjoy a variety of different economic and recreational factors that make the community attractive to older Americans, according to the AARP. Among these were median home prices of roughly $103,000 and median mortgage payments of $392 per month, along with a median property tax of $756. However in Colorado, unlike Texas, Social Security pensions are taxed under some circumstances, the AARP reported.
Many people, afraid of winter, might suppose anywhere in Maine would be among the last place they would want to retire, but people who pass by Bangor without a second glance would be making a mistake, the AARP said.
Daytona/Deltona/Ormond Beach, Fla.
Not all Florida locations were too expensive to get the AARP’s attention as a good buy for older Americans seeking and affordable place to live. Daytona Beach, with its nearby communities of Deltona and Ormond Beach, has more going for them than Daytona’s famous race in October each year, the association said.
With Idaho State University located there and recognition as a one of the best locales for small business and entrepreneurship, Pocatello already had some significant things to offer older Americans seeking a good place for affordable retirement, the AARP reported.