Quote:
Originally Posted by HowDeDo
Hello. Im actually considering semi-retiring in Foley and was hoping you could give me the Pros and Cons youve found . Also, are there lakes/rivers/parks for getting into nature , do you feel it is easy to make new friends as a Northerner , and do you sense a good family/church atmosphere ? Thanks for what you can share.
|
I retired to Lillian, AL ( first town in AL coming over Perdido Bay from FL) in 1995. Property tax this year on a $250,000 home within sight of the water was $394 for a year. Being a retired civil servant there is no state income tax and I can earn $42,000 before the state starts taxing earned income.
We shop in FL because it's closer and they don't put sales tax on food ( AL does tax food ). There are 4 or 5 hospitals in Pensacola, restaurants galore, beaches, parks, etc.
Lillian is probably 15% locals and 85% transplants from up north.
New and previously owned homes are reasonable - 2000 sq ft home built in 1996 in a 44 home subdivision just sold for $189,000, a 3000 sq ft home, same age, with 3 car garage and inlaw apartment out back sold for $279,000.
We looked in FL and found property tax today on a home like ours would be $4000+.
We enjoy living here, made new friends easily and it's very laid back. Lillian has 2 gas stations, a post office, lumber yard, Dollar Store and 3 small restaurants - that's it.. oh and one traffic light, with no local traffic at all !!
I would suggest coming to Foley, AL and stay at the Holiday Inn express and take your time and look around. A lot of rentals are available in the area
DOWNSIDE - homeowners insurance, because of the hurricane threat. I canceled the hurricane insurance portion of my home owners when it went from $1200 to $2600 this year with a 5% ($12,500 deducible ). My home owners went down to $300, so I will self insure myself against hurricanes. We had roof damage in hurricane Ivan in 2004 and I put a metal roof on for $8000. With the high deducible it makes sense to me to be self insured. If you can't find a company to write insurance for your house you can go into the state insurance pool where a $200,000 policy will run around $5500.00 in 2009.
Other than that it's a great place to live.
Good luck