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Old 06-02-2007, 07:18 PM
 
Location: Near Houston, TX
17 posts, read 60,791 times
Reputation: 10

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Hi! We're looking for the retirement place . Anyway, we've been focusing towards TN, but we're also interested in KY & VA. They all have beautiful wooded areas, the cost for property is very reasonable (1K-3K/acre). Looking for a place where retirees from TX aren't frowned upon. TN doesn't have state income tax and VA has a "personal property" tax. So, how does the actual cost of living compare between these 3 states ? Figuring we'll be retired and on a fixed income. Which state make more sense finacially? I've heard some folks like to live in TN and shop in VA or NC. Does anyone have any comments/info or preferances?

We're hoping to buy land within the next 12-18 months . We're wanting rural wooded land (50-100 acres) with small percentage pasture. Also seeking the proverbial spring fed pond and creek. We'd like to be within an hours drive of a "larger city" (e.g., Nashville, Knoxville, Rahleigh, Bowling Green, etc.). Does anyone know anything of the Edmonton, KY area? Is it anything like Crossville, TN ?

Well, I guess I've rambled on enough. Would love to hear other folks opinions!

TX2TN
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Old 06-02-2007, 07:57 PM
 
Location: Far Western KY
1,833 posts, read 6,417,461 times
Reputation: 866
True TN does not have a state income tax, but you're in luck that have every other tax known to man and it's higher than KY or VA. So don't let that gimmick fool you.

Frankly all 3 states are really nice, and you can't go wrong with any of them. VA and KY are about the same in cost, TN is not far off. Higher sales tax and tax on food which KY does not have. So near the boarder as I am I see a lot of TN plates at the grocery store.

Don't know that much about Edmonton, so I'm no help there.
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