4 States Retirees Are Moving to in 2024 That Aren’t Arizona or Florida

While states such as Arizona and Florida come to mind when it comes to where retirees choose to move, other states across the country are also attracting seniors for a variety of reasons. Indeed, saving for retirement has been difficult for many Americans lately, as inflation and high rates have put pressure on costs of living and left little to put aside. That’s why finding a location where your dollar will go further, while not sacrificing quality of life, can be tricky.

Here are some states retirees are moving that aren’t Arizona or Florida.

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Texas

Kranti Kiran Reddy, CEO and managing director of real estate firm Janapriya Upscale , said that the Lone Star State is one of the most popular states for seniors to retire in.

“What makes Texas most appealing for those living on a fixed income is the affordability of basic needs such as housing, transportation, groceries and utilities,” he said.

In addition, there is also no state income tax, and the state offers property tax exemptions for senior citizens and military veterans.

“Overall, Texas’ favorable tax policies, healthcare programs, senior services and recreational opportunities make it an appealing destination for retirees seeking to enjoy their retirement years in a welcoming and supportive environment,” he added.

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Pennsylvania

U.S. News & World Report’s Best Places to Retire list ranks five of the top 10 spots to retire in Pennsylvania, “… including my native Lancaster,” said Aaron Sherman, CFP, president of Odyssey Group Wealth Advisors .

“These places all offer very high quality of life, great healthcare systems, low cost of living and low taxes,” he said, adding that — importantly for retirees — the state does not tax income from pensions, retirement account withdrawals or Social Security.

He added that other drivers include that the state’s economy is strong, the landscapes are beautiful, the population is diverse, and major cities offer all the culture, food and arts one could want, both within the state and nearby in New York and Washington.

“In Lancaster, specifically, there are over a dozen excellent continuing care retirement communities that offer something for all tastes,” he added.

North Carolina

According to Kevin Leibowitz, president and CEO of Grayton Mortgage , many retirees flock to North Carolina, especially from more expensive regions of the country, such as the Northeast and California. And there are several drivers for this relocation, like “reasonable real estate prices, decent and temperate weather, great and diverse outdoors, and decent and diverse cities.”

“I had a borrower purchase in Southport, [North Carolina] after selling her property in San Diego,” he said. “The purchase price was over half of the sale price of her property in California.”

New York

Angelica Ferguson VonDrak, a real estate broker in the Hudson Valley and Catskills region of New York, said that she works with many retiree buyers looking to live out their golden years in the Hudson Valley.

“The Hudson Valley and Catskills region is just north of NYC and serves as an easy vacation destination for many urbanites, which can give many towns that feeling of being on vacation all year round,” she said.

They also love having easy access to outdoor activities such as hiking, biking, swimming, boating and skiing.

“An important consideration for some of my clients is also the proximity to medical centers, and we certainly have some great ones right here in the Hudson Valley, or NYC is just a train ride away with its university hospitals and specialty clinics,” she added.

She also noted that Rhinebeck is by far the most popular town, with its charming village center and proximity to the Hudson River.

“With a median home price of around $600K, it’s also a relatively affordable option compared to some resort towns, which can be exclusive and expensive,” she said.

A few other “hotspots” for this clientele are New Paltz, Beacon and Kingston — towns that are more developed and that have a thriving cultural scene.

“Overall, what distinguishes this region is its unique ability to harmonize serenity with accessibility,” she said. “The Hudson Valley allows for a retreat from the urban hustle while providing easy access to both the outdoors and the cultural richness of nearby NYC.”

This article originally appeared on GOBankingRates.com : 4 States Retirees Are Moving to in 2024 That Aren’t Arizona or Florida