6 Best Cities for Retirees

What cities offer the biggest bang for your buck in retirement? AARP recently examined financial data of more than 350 cities across the country, taking into account property and sales-tax rates, median home prices, cost of living, and the tax rate on pensions and Social Security. It also factored in cities’ recreation and climate into its rankings.

Here are some of the cities that topped its list for most affordable cities for retirement:

Winchester, Va.

Median home price: $151,500

State tax: On pensions, partial; on Social Security, no

Sales tax: 5%

 

Portland, Maine

Median home price: $202,800

State tax: On pensions, yes; on Social Security, no

Sales tax: 5%

 

Gainesville, Ga.

Median home price: $141,800

State tax: On pensions, yes; on Social Security, no

Sales tax: 7%

 

Wenatchee, Wash.

Median home price: $192,000

State tax: On pensions, no; on Social Security, no

Sales tax: 8%

 

Tulsa, Okla.

Median home price: $126,600

State tax: On pensions, yes; on Social Security, no

Sales tax: 5.5%

 

Cheyenne, Wyo.

Median home price: $141,400

State tax: On pensions, no; on Social Security, no

Sales tax: 6%

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