Planning to retire soon and aren’t sure which city you should spend this next chapter in? Money expert Dave Ramsey has a few city suggestions for soon-to-be retirees.
In determining what makes a good city for retirement, Ramsey highlighted several key factors in a post on Ramsey Solutions. Some of the most common factors include tax rates and housing costs for homeowners and renters. See if you agree with his picks for the best U.S. cities for retirement.
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Lancaster, Pennsylvania
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Taxes: No tax on income from pensions and Social Security benefits
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Median Home Price: $226,500
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Median Monthly Rent: $1,050
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Pensacola, Florida
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Taxes: No state income tax
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Median Home Price: $200,800
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Median Monthly Rent: $1,046
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Naples, Florida
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Taxes: No state income tax
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Median Home Price: $345,000
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Median Monthly Rent: $1,374
Asheville, North Carolina
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Taxes: No tax on income from Social Security
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Median Home Price: $278,750
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Median Monthly Rent: $953
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Sarasota, Florida
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Taxes: No state income tax
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Median Home Price: $387,600
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Median Monthly Rent: $1,259
Harrisburg, Pennsylvania
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Taxes: No tax on income from pensions and Social Security benefits
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Median Home Price: $298,800
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Median Monthly Rent: $970
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Ann Arbor, Michigan
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Taxes: Social Security benefits are not taxed
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Median Home Price: $270,600
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Median Monthly Rent: $1,161
Daytona Beach, Florida
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Taxes: No state income tax
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Median Home Price: $339,100
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Median Monthly Rent: $1,127
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Charleston, South Carolina
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Taxes: Social Security benefits are not taxed
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Median Home Price: $448,600
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Median Monthly Rent: $1,197
Nashville, Tennessee
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Taxes: No state income tax
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Median Home Price: $445,360
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Median Monthly Rent: $1,135
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Austin, Texas
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Taxes: No state income tax
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Median Home Price: $504,270
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Median Monthly Rent: $1,326
Lakeland, Florida
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Taxes: No state income tax
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Median Home Price: $304,270
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Median Monthly Rent: $1,014
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Dallas-Fort Worth, Texas
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Taxes: No state income tax
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Median Home Price: $394,400
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Median Monthly Rent: $1,188
Melbourne, Florida
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Taxes: No state income tax
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Median Home Price: $217,400
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Median Monthly Rent: $1,111
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This article originally appeared on GOBankingRates.com: Dave Ramsey Says These Are the 14 Best Cities To Retire in the United States
