8 Top US Cities for Retirement

1 / 8

Greenville, South Carolina's median home price was $310,000 in early 2024, far below national averages. Residents aged 65 and older qualify for a $50,000 homestead exemption on their property's fair market value. South Carolina also exempts the first $15,000 of retirement income per person from state income tax. This thriving Upstate city recorded a 7.7% population growth from 2020 to 2023, attracting new businesses and cultural venues.

2 / 8

Tucson, Arizona's median home price was $340,000 in early 2024, attracting many to its Sonoran Desert climate. Pima County's effective property tax rate averages 0.65%, significantly below the national average of 0.99%. The city experiences over 350 sunny days per year, supporting active outdoor lifestyles in Sabino Canyon and Saguaro National Park. University of Arizona provides cultural and educational events.

3 / 8

Boise, Idaho's median home price stood at $470,000 in early 2024, an attractive alternative to pricier West Coast cities. The city maintains over 25 miles of riverfront greenbelt, offering access to parks and outdoor recreation from the Boise River. Idaho imposes a state income tax but offers deductions for retirement income. Boise State University contributes to a vibrant arts scene and lifelong learning opportunities.

4 / 8

Omaha, Nebraska's median home price was $275,000 in early 2024, making it one of the most affordable larger cities in the Midwest. The overall cost of living index in Omaha is 85, significantly below the national average of 100. Nebraska taxes most retirement income, but its low housing and transportation costs offset some of this. The city hosts the Henry Doorly Zoo and Aquarium and a rich performing arts scene.

5 / 8

Sarasota, Florida's median home price reached $490,000 in early 2024, reflecting its desirable Gulf Coast location. Florida imposes no state income tax, a significant financial benefit for retirees. The city offers an average daily temperature of 73 degrees Fahrenheit, supporting year-round beach activities at Siesta Key. Sarasota also hosts the Ringling Museum of Art and multiple performing arts venues, attracting a culturally engaged population.

6 / 8

Knoxville, Tennessee residents pay approximately $1,050 annually in property taxes on a home valued at $250,000, among the lowest in the nation. Tennessee imposes no state income tax on wages or salaries. The city sits close to the Great Smoky Mountains National Park, offering extensive outdoor recreation. The University of Tennessee provides educational and sporting events, contributing to a vibrant community atmosphere.

7 / 8

Fayetteville, Arkansas's median home price was $330,000 in early 2024, contributing to its overall cost of living index of 87, significantly below the national average. Arkansas taxes retirement income, but offers a $6,000 exemption for certain pensions. Home to the University of Arkansas, Fayetteville provides a youthful energy alongside natural beauty in the Ozark Mountains. The city boasts extensive trails for cycling and hiking.

8 / 8

Wilmington, Delaware imposes no state sales tax, allowing retirees to save significantly on purchases. Delaware's effective property tax rate averages 0.55%, well below the national median. The state fully exempts Social Security benefits from income tax. Additionally, individuals aged 60 and older can exclude up to $12,500 of eligible pension and other retirement income per person from state taxation. Its proximity to Philadelphia and Washington D.C. offers access to major metropolitan amenities.

Share this