Del Rio 9. We and our partners use cookies to Store and/or access information on a device. She attended college in the Houston area and changed her major twice (psychology, computer science, and finally criminal justice) before taking a leap of faith and dropping out to pursue a career in freelance writing. More than 20% of the 21,000 residents there are 65 and older. Quality healthcare and cultural attractions make it popular with retirees. When we retire, we lose a lot. How to avoid retirement shock. Nearby Resident: Shavano Park is an established neighborhood that conveniently located near good schools, grocery stores, and retail shopping. Manage Settings Wilmington, North Carolina. Let us know your thoughts, then check out this incredibly scenic drive in El Paso that showcases the skyline as youve never seen before. At the end of the day we answered that burning question that brought you here -- what are the best of the best when it comes to retirement cities in Texas? These two big schools also offerauditing options. Im 66, we have more than $2 million, I just want to golf can I retire? HomeSnacks is reader-supported. Since living well is just as important as living affordably, we look at a number of quality of life indicators, including the rate of violent crime (murder, rape, robbery and aggravated assault) as compiled by the Federal Bureau of Investigation. El Paso is often ranked as the cheapest place to retire in Texas, but it also gets high marks for the overall happiness rating of its residence. As for fresh water, youd be close to Ray Roberts Lake State Park and a nearly 46-square-mile lake. The homes are on the more expensive side, but considering the views and the community it is well worth it. Read 48 reviews. Featured Review: Niche User says I honestly enjoy living in the Bullard area. An example of data being processed may be a unique identifier stored in a cookie. Located just a half hour west of Houston, Katy is one of the best places to retire in Texas as the town has 17.60 medical centers per 1,000 residents. This town does lack entertainment, although it does provide a variety of fast food and restaurants. It also leads this list in terms of recreation centers, with 3.61 recreation centers per 1,000 residents. The drawback is youll have a longer drive to college classes, airports and hospitals. OnlyInYourState may earn compensation through affiliate links in this article. There are also various levels of courses offered, such as AP, honors, dual credit, and regular. Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities. The Padre Island National Seashore provides a 70-mile stretch of undeveloped coastline to enjoy the sand, sun and wildlife. Whether you're seeking warmer weather, affordable housing, lower taxes or engaging leisure activities, you will be able to find it somewhere in the state of Texas. Live entertainment? I grew up there as a child, and now I am a mom of three and my husband and I are currently living in the Meadows as a family. Texas A&M is 65 miles away in College Station. The tax burden here is 15.30%, which is on the low end compared to other cities on this list. It is affordable, has amazing weather, and is a retirement hub for other like-minded older individuals. Good for families and all ages. Read 3 reviews. But we also identify inviting locales in Massachusetts, Minnesota, Pennsylvania, and North Dakota; indeed, Fargo is the only city to make the list all 11 years weve compiled it. Residents can enjoy a thrilling day at Six Flags Fiesta Texas, or simply take a leisurely stroll along, Brownsville boasts a fascinating blend of Texas and Mexican culture due to its location right near the border. Katy. Read 123 reviews. Here are the best places to live in Texas and insight into why they are so great. Read 28 reviews. Brownsville has a city zoo, the Gladys Porter Zoo, and 32 city parks. Mot residents are older, or have children in high school. Corpus Christi 1 / 14 Credit 10. This fast-growing city of nearly 90,000 is 40 miles north of Houston and abuts Lake Conroe, a 33-square-mile lake, and is close to Sam Houston National Forest. 7 - Livingston, Texas Livingston is a suburb of Houston that regularly ranks high within the state as a retirement getaway. From the elementary school being in the neighborhood to all the events that our kids get to attend. This suburb does a great job about catering to all ages. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. The community has gone above and beyond with the seniors in our community. We also look closely at taxes and the strength of the local economy (should retirees want to work part time or resell their homes), the availability of medical care, the level of serious crime and factors conducive to a healthy and active lifestyle, such as air quality, and convenience for walking and biking. You'll have to come to visit to find out. How We Determined the Best Places to Retire. Mot residents are older, or have children in high school. Though that ties it with Woodway and Webster for the highest tax burden on this list, this rate is not terribly high comparatively speaking. A little bit in the middle of nowhere, but the view is worth it. Read 16 reviews. How long will $100,000 last me in retirement. It is very important to do your own analysis before making any decisions based on your own personal circumstances. While driving through the neighborhood you are filled with so much joy. The place, in this case Santa Fe, with the lowest average rank was crowned the best of the best, a place for you to start your second careers. The tax burden for the town is 16.70%, which ties Woodway with two other Texas cities for the highest tax rate on this list. 6 min read. A warm climate and plenty of bustling towns make it popular with many retirees. Situated next to Lake Waco and having so many wooded areas, we often find families of deer in our yards! It does attract a decent tourist population, but this also means youll have plenty of restaurants and shops nearby. Stretched between the Atlantic Ocean and the Cape . Some Texas cities, though, have more to offer retirees than others. It has 7.31 medical centers per 1,000 residents, which is on the lower end for this list, but is still a good number compared to cities in some other states. Current Resident: Hideaway is an amazing place to live. You can find out more about him on LinkedIn or his website. We eliminate from consideration cities with beyond-the-pale crime rates as well as places that are well below the national average when it comes to physicians per capita or air quality. Not only does it share an outstanding school district with Lindale but it has a beach, poo, and multiple parks for your kids to grow up in. You can read more about our methodology and sources below the list. It is also a beautiful place to live.. 4 Niche users give it an average review of 4.3 stars. We considered the retiree tax burden, knowing that retirees will want to protect their retirement savings as best they can. In addition to the cultural attractions of Houston, Webster is close to the Trinity Bay portion of Galveston Bay. Retirable provides holistic retirement planning services, which are available only to residents of the United States. History lovers often choose Fredericksburg for a Texas retirement. 2 Niche users give it an average review of 4.5 stars. See the monthly income you can expect when applying tax, growth, and other strategies. Jim Barnash is a Certified Financial Planner with more than four decades of experience. But Philadelphians know their city as a green, welcoming, community-minded place. The teachers helped me. Niche User: I honestly enjoy living in the Bullard area. This translates to easy access to all of the charms of a college town, including sports and culture. And where are Houston and San Antonio? Visit a quote page and your recently viewed tickers will be displayed here. Victoria DeCuir/ Courtesy Denton Public Library, reduced or even free tuition as a senior citizen, There is more to picking a place to retire than low taxes avoid these 5 expensive mistakes, Health care will cost this much in retirement but probably even more, claim that same fee waiver for six credit hours per semester. What happens to my Social Security benefit if my husband dies. the ages range from newborn to grand parents. Current Resident: Woodway is a beautiful, oak tree-filled town on the outskirts of Waco, TX. Denton also stands out among neighboring cities that were just farms a few decades back and are now planned communities, in that it has some older housing stock. 48 Niche users give it an average review of 3.9 stars. You can follow her on Twitter @SilviaAscarelli. For flexibility and a sense of purpose, consider these jobs for people over 50. Silvia Ascarelli is a senior news editor for MarketWatch based in New York. The answer, of course, is one of these Texas towns. There's also a massive retirement community for those age 55 and older called Sun City Texas, which has over 15,000 residents. Very safe, friendly with abundant hiking trails and scenery and great access to 2 championship Jack Nicholas Courses, World of tennis, Lake Travis around the. Current Resident: Lakeway is the best place to grow up/raise a family! If youre interested in a city with a high population of seniors, Webster might not be for you though. While this community of 100,000-plus has an upscale reputation (and upscale shopping in its downtown), there are some homes at lower price points. Our choices are listed alphabetically below. The DFW area is one of the best places to live (ranked #24) and to retire (ranked #17) within the U.S., according to U.S. News and World Report. We have parades, memorial day parties, street dances, bingo, karaoke night, and so much more! With Lone Star College . While this can increase the cost of living, this rate is still relatively low compared to some other states. Both of our kids think that the outdoor ed program- Classroom of the Earth (COE)is the best part of Good Shepherd-if your child attends Good Shepherd, they will have so many experiences that other schools in the area just can't/don't offer. 10 cities in Texas are among the best places to retire in the nation for 2022-2023. That's right, this southern state is perfect for retirement. Have a question? If youre looking for one of the cheapest cities in Texas, consider McAllen, a populous city close to the Mexico border. The last entry on this list is Burnet, a central Texas city located just an hour north of Austin. Whats our next move? Featured Review: Current Resident says Sweet gated community on the Brazos river, which big houses on several acre lots. Katy, located just a half hour west of Houston, leads this list and is also in the top 20 places to retire across the U.S. Hike the, Next up is the Alamo City. With housing prices up 11% since March 2020 and mortgage rates still near record lows, now would seem to be an ideal time for newly vaccinated boomers aiming to either downsize or move to a cheaper housing market to start their search. However, empty land is rapidly filling up, and its only a matter of time until the DFW megapolis fills the I-35 corridor up to the Oklahoma state line. Everyone is friendly and welcoming. The community center is a major hub where so many of us got our start in sports - soccer, football, baseball, and vollyball. You say you want to use some of the money from selling your Maine house for college. One-bedroom rent: $786.89. Here are the best cities to retire in Texas: 10. This left us with 226 places from across the state. As it happens, Knoxville is for the first time on Forbes Best Places To Retire list, which aims to identify places that provide exceptional retirement valuemeaning they combine a high quality of life with affordability. Current Resident: The community here had always been great. If youre driving, its about 30 miles to Dallas/Fort Worth International Airport and 36 miles to Dallas Love Field. It offers countless opportunities to explore the outdoors while also enjoying the young city life. It's a great place for kids and adults and welcomes all other communities to join the fun, too. Best Parent Student Loans: Parent PLUS and Private. Population: 288,061. Livingston also has 7.66 medical centers per 1,000 residents, which places it only 6th on this list but is still a fairly decent number comparatively speaking. Where To Retire In Texas. El Paso. Although you will find a relatively low cost of living in some areas, its important to note that both sales taxes and property taxes are higher than many states. Socorro 8. It doesnt do as well in some of the other metrics, though. As noted in the story above, we also give serious consideration to climate change and natural hazards. The biggest factors we take into account involve money, including median home prices and overall cost of living compared to the national average, and state taxes, including special income tax exemptions for Social Security and other retirement income and state estate/inheritance taxes. Haltom City Common Questions About Retiring in Texas 1. It also has good proximity to Houston where you can enjoy all the amenities the big city offers while living in a small, quaint town. The teachers helped me with the curriculum of a new school, the administrators helped me adapt to a new system, and some of the students I first met are now my closest friends. Living on a coast boosts happiness, health and well-being, according to a 2020 report. From when to retire to how much to save, here are expert-backed answers to crucial retirement questions. Featured Review: Senior says TOPS is a wonderful school! This suburb does a great job about catering to. Current Resident: It's a great place to live. Woodway is a suburb of Waco, and it ranks third on this list for medical centers, with 10.61 medical centers per 1,000 residents. Copyright 2023 MarketWatch, Inc. All rights reserved. #15 Best Cities to Retire in America Plano City in Texas 927 reviews Current Resident: Moving from a smaller town in the midwest, to Plano, Texas has been one of the best decisions that I've made so far. Want to see how your favorite Texan city stacked up? 31 Niche users give it an average review of 4 stars. Featured Review: Current Resident says LIved here than 5 years and is a gem. Although. 1 Niche users give it an average review of 3 stars. (Maine, by the way, wont tax your Social Security check.) 17 What should I know before moving to Texas? Less alluringly, it is tied for the top tax rate on this list with a tax burden of 16.70%. Philadelphia may not seem like the most obvious place to settle down into retirement the big, old, noisy East Coast city is as famous for its grumpy sports fans as for its history. Lastly, SBS prepares us for our next step in life. Sources for our data include zillow.com, trulia.com, bestplaces.net, the National Association of Realtors, the U.S. Bureau of Labor Statistics, websites of individual state tax agencies and the latest Milken Institute report on Best Performing Cities. We have our own police and fire departments keeping us safe and comforted. Some like to make comparisons to Austin of a few decades back, with one DFW resident saying downtown Denton has a hippie dippy college-town vibe. Outside of downtown, however, the feeling is much more suburban. Read:There is more to picking a place to retire than low taxes avoid these 5 expensive mistakes, Also:Health care will cost this much in retirement but probably even more. It has the lowest occurrence of hail, lightning, tornados, and floods. The average mortgage usually hovers around $600, the weather is some of the best in Texas, and golf, libraries, and restaurants are all easily accessible. Moon light nights are the best. Increased spending increases the risk of depleting your savings and performance is not guaranteed. If you like to golf, youll have plenty of choices. Featured Review: Current Resident says The community here had always been great. The Chamber of Commerce counts more than 20 public and private courses in the county. There are also 0.46 retirement communities per 1,000 residents. Are you surprised to see any of these cities on the list? Central Texas Fredericksburg offers easy access to two of Texas major cities: both Austin and San Antonio are just over an hour away by car. If you like live music, you cant go wrong with Austin, which is rich in live music venues. Additionally, the winter climate is mild, which attracts "snowbirds" who have second homes in McAllen to escape the cold. Senior insurance needs are different. 3 Niche users give it an average review of 3.7 stars. Each year, U.S. News reports on the best places to retire. Of Philly's 1.6 million residents, 300,000 are over 60. What makes it so appealing? If Florida is too beachy and California is too West Coast, then there is another state that many people consider for retirement living: Texas. Here's a look at the most recent IRA and 401(k) tax reform laws. My family moved into hideaway for the security and multiple opportunities it has to be engaged in the community such as the beach and clubhouse. The city is also home to UT Southwestern Medical Center, one of the top hospitals in the country. We analyzed over 226 cities in Texas to determine which cities are worthy of your extended vacation. Kids are at the park playing while couples are sitting on their porch drinking coffee. That is a rare find, folks. Key West, Florida One of the most beautiful towns in not only Florida but the entire United States is without a doubt Key West. Debt and waiting until a financial situation improves are top justifications financial advisors hear. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. But Covid-19 also led to a jump in the number leaving the workforce3.2 million retired in 2020, more than double the number the year before. Very safe, friendly with abundant hiking trails and scenery and great access to 2 championship Jack Nicholas Courses, World of tennis, Lake Travis around the corner and Hill Country Galleria minutes away. For more information, see our Form ADV Part II and other disclosures. Join the line of people heading to the Lone Star State about 1,500 every day in 2018. It is not far from the world famous Blue Bonnet Caf. Although many of the activities are geared toward families, two senior centers ensure retirees have plenty to do. Check out the local symphony orchestra, a mix of professionals and amateurs. Nearby Fort Hood has one of the largest military bases in the U.S. There were more than 35 communities on the Texas list of certified retirement communities as of 2016, but the . Eugene, Oregon Population: 377,749 Share of population age 60+: 26% Median monthly mortgage cost: $1,586 Median monthly rent: $1,037 This college town is home to the University of Oregon,. But how you decide the best what's the best place to retire in the Longhorn State? Read 12 reviews. Since each persons retirement needs are unique, though, its best to assess your own financial situation. Second of all, Second Baptist encourages students in academics, extra curricular activities, and our walk with God. It has a 16.70% tax burden. In Texas, you may not be surrounded by luscious green grass, but you can make a decent cactus garden, ride horses, and eat delicious BBQ. When you click through real estate links on our site, we earn an affiliate commission. The Texas certified retirement community program is run by the Texas Department of Agriculture. You must be at least 18 years of age to become a Retirable Premium user. Brownsville is considered a gulf coast border town of fewer than 200,000 inhabitants. Builders Digital Experience, LLC. Whatever you are passionate about, whether that be in the area of athletics or the arts, they have an activity/class available for you to master and expand your God-given talent. I estimate my monthly retirement income in the range of $3,750 to $4,200. About 13% of the city and county population is 65 and older, less than the U.S. average.