Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The Carolinas are a solid second with over 33,000 in-migration retirement moves annually according to the US Census estimates. It's important to note that NC does have an income tax and is still consistently in the top 4 places where people are retiring.
The Carolinas are a solid second with over 33,000 in-migration retirement moves annually according to the US Census estimates. It's important to note that NC does have an income tax and is still consistently in the top 4 places where people are retiring.
The Carolinas are a solid second with over 33,000 in-migration retirement moves annually according to the US Census estimates. It's important to note that NC does have an income tax and is still consistently in the top 4 places where people are retiring.
If you retire, you don't worry about income tax as much.
I would think property taxes are more important, as retirees are more likely to have built up enough wealth to own a home, but are hamstrung with fixed incomes.
With exception to Texas, all of these states either have middle-of-the-road or extremely low property taxes.
The real data is that 53% of retirees never move. They age in place in their house. Another 16% stay in their original home into their 80s and then move to a rental or assisted living. Only 1.6% of retirees under the age of 65 move across state lines. That's Census data. This myth that people get the gold watch & pension at 62 and bail out to some retiree haven is just that, a myth. The retiree migration rate is really low.
The Carolinas are a solid second with over 33,000 in-migration retirement moves annually according to the US Census estimates. It's important to note that NC does have an income tax and is still consistently in the top 4 places where people are retiring.
So there are 49 million Americans age 65+. 33,000 moved to the Carolinas. How is that statistically significant? That's less than 1 in 1,000.
Mathjak over in the retiree and finance/economics areas of CD calls that "moving to cheapsville". Some people have little alternative to cashing in their home equity and bailing out to a low cost of living place but that's not most people's top choice and many end up moving back. It's what middle class people in the northeast corridor do when they stop working and have no pension and few assets beyond their house. I hopefully won't screw up my personal finances to the point where I have to do that.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
