01-11-25 ARI News PM

Author

Larisa Asanache
January 11, 2025

Today’s Story

Relocating in retirement is a popular move for retirees looking to reduce costs and enhance their quality of life. States like Florida, Arizona, and Tennessee are consistently ranked as top destinations thanks to their low taxes, warm weather, and senior-friendly amenities. These states often have lower costs of living and no taxes on retirement income.

Before packing your bags, consider the full picture, including healthcare access, proximity to family, and community activities. Many retirees also explore smaller towns and suburban areas where property prices are lower, but the quality of life remains high. Moving could be the first step to a more affordable and enjoyable retirement.

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Economic Tip

Research cost-of-living calculators to compare expenses in your current location versus potential destinations. This will help you make an informed decision.