Sunbelt cities--traditional hotspots for retirees--don’t always offer good cost-of-living or the best place to settle down during retirement, according to Forbes’ annual list of best places to retire. While Forbes’ list takes into account numerous factors in choosing its “best retirement places,” this year it focused more on tax burden and cost-of-living.
Among the more affordable retiree cities that made the “best retirement places” list for 2011 are (listed in no particular order):
- Indianapolis: Very affordable housing.
- Fargo, N.D.: Lowest crime rate on the list and inexpensive living costs.
- Charlotte, N.C.: Affordable housing as well as cost of living.
- Charleston, S.C.: Lowest taxes of all the cities Forbes evaluated.
- Colorado Springs, Colo.: Affordable housing and low cost of living.
- Jacksonville, Fla.: No state income or estate tax.
- Pittsburgh: Tax breaks for retirees.
See Forbes’ complete list of 16 best retirement places.
Source: “The Best Retirement Places,” Forbes (March 23, 2011)