Retirement Dreams in the South: Unveiling the True Cost of Living …

Dec 19, 2024 · Charleston's main perk for retirement planners is its affordable cost of living. As of December 2024, the median home sale price was $154,925, which is significantly cheaper than the national ...

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Retirement Dreams In The South: Unveiling The True Cost Of Living …

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Housing Costs . The median housing costs in Hot Springs are 30% less than the average in the South ($810 per month versus $1,163). As for housing costs, Hot Spring City’s apartment …

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Cost of Living Breakdown. Housing Costs: Average home price: $450,000. Renting a one-bedroom apartment: $1,200/month. Housing is one of the most significant factors in the cost of …

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16 Great Places To Retire In The South - Kiplinger

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Sep 26, 2019 · Fayetteville, Ark. City population: 81,889 Share of population 65+: 9.1% Cost of living for retirees: 13.8% below the national average Average income for population 65+: …

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FAQs about Retirement Dreams in the South: Unveiling the True Cost of Living … Coupon?

Should you retire in a southern state?

You’re not alone. Many retirees choose a Southern state due to the warm climate, lower cost of living, and tax-friendly treatment of retirement funds. However, not everyone who moves south is retired. ...

Is the south a good place to retire?

For more and more people nearing or entering retirement, the South continues to be a draw, from Hot Springs, Arkansas, to Vero Beach, Florida, and plenty of zip codes in between. More American families have moved to this region than any other part of the country for the past decade, and that trend is expected to continue. ...

Where are the most affordable places to retire in the south?

Valdosta, Georgia, North Myrtle Beach, South Carolina, and Maryville, Tennessee, are among other southern cities that have appeal for retirees. In 2024, the editorial teams at Southern Living and Investopedia partnered together to compile a data-based list of the Most Affordable Places to Retire in the South. ...

Where should you live if you're nearing retirement?

As the cost of living continues to rise, finding the right city or town to make your money last as long as possible is paramount. For more and more people nearing or entering retirement, the South continues to be a draw, from Hot Springs, Arkansas, to Vero Beach, Florida, and plenty of zip codes in between. ...

How much does it cost to live in Alabama as a retiree?

Home prices are high, with the median sales price being $690,000. However, it may be skewed by the multimillion-dollar homes on the beach. One huge benefit of living in Alabama as a retiree is that there is no tax on Social Security. In addition, the state has a graduated individual income tax ranging from 2% to 5%. ...

Is everyone who moves south retired?

However, not everyone who moves south is retired. A U.S. migration report released in January 2024 by PODS shows that more Americans are migrating to the Southern Appalachian region, which includes states like North Carolina, South Carolina, Tennessee, Georgia, and Alabama, than to any other region in the U.S. ...