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Is Nashville a Retirement City?
It seems as though history tells us that part of the American dream has been work until you retire and then hopefully at least the winter times of your retirement will be spent in a warm climate like Arizona or Florida.
The new thought among many retirees is to give the Nashville area or at least Tennessee a chance. What seemingly used to be the best kept secret is out. Nashville has become the new boom town for all and especially retirees. Let's look at some of the reasons why.
* One of the top reasons is the low cost of living that other places do not provide. The powers to be of Nashville are happy to tell us that Nashville ranks 2nd in the lowest cost of living. We are second only to Oklahoma.
* Taxes take their toll on a retiree so they love to hate even the word taxes. It is worthy to note that we rank third lowest in tax burdens. Beware however of the 6% tax on dividends and interest. A real plus is that there is no state tax.
* Having access to fine medical care is another category that Nashville and other Tennessee cities rank very high in providing. This is an important factor to a retiree.
* Nashville and Tennessee temperatures are mild and we know our Northern friends are counting the days to move to a warmer climate. Most cannot wait to get away from the frequent snowfalls and frigid temperatures. Being touted as one of the sunniest states in the United States makes Tennessee very desirable with moderate temperatures for most of the year.
* Even though the crime rates do rise metropolotan areas, living in suburbs is a good idea and always cuts down on your chance of experiencing crime.
It is important to pick your priorities when you are deciding where you want to live out your Golden Years. Will it be the coastline or near family? Most of us have that idea of what we have dreamed of for our retirement years. It is imperative that you research all the facts before making your plan a reality. However, hold on to your dreams, it makes working toward retirement more bearable.... and Remember...
..."You've Got a Friend in Real Estate"