what is the best small town in texas to retire?
Texas is known for oil, barbecued meat, and ranches, but the state has many things to offer retirees. Although you will find a relatively low cost of living in some areas, it's important to note that both sales taxes and holding taxes are higher than many states.
Typically, Texas's lack of an income tax makes up for those tax hikes. But you'll get a break on Social Security tax in many states that practise have a state income tax, so the benefits won't be that notable. But there are many other reasons to movement to the state, as described below.
Dallas
- City POPULATION: one,343,573
- SHARE OF POPULATION 65+: 10.3%
- Toll OF LIVING FOR RETIREES: 2% above the national average
- PER CAPITA INCOME FOR POPULATION: $34,479
- Taxation RATING FOR RETIREES: Moderately Tax Friendly
Dallas has a fiddling scrap of everything, from restaurants to dining options. But what makes it one of the best places to retire in Texas is its relatively low housing prices. The city is also home to UT Southwestern Medical Center, one of the acme hospitals in the country.
Austin
- Metropolis POPULATION: 978,908
- SHARE OF POPULATION 65+: 8.ix%
- Cost OF LIVING FOR RETIREES: iii% below the national average
- PER CAPITA INCOME FOR POPULATION: $43,043
- TAX RATING FOR RETIREES: Moderately Tax Friendly
If you like live music, you can't go wrong with Austin, which is rich in live music venues. Merely what makes information technology one of the all-time retirement communities in Texas is its many parks and walking trails. You lot'll also detect all the dining and shopping yous need both downtown and in the surrounding suburbs.
Fredericksburg
- CITY POPULATION: 11,496
- SHARE OF POPULATION 65+: 29.one%
- Cost OF LIVING FOR RETIREES: 5% below the national average
- PER CAPITA INCOME FOR POPULATION: $33,577
- TAX RATING FOR RETIREES: Moderately Revenue enhancement Friendly
History lovers frequently choose Fredericksburg for a Texas retirement. You'll find plenty to do, from touring the Pioneer Museum to taking in the many landmarks and historic buildings. It does attract a decent tourist population, only this also ways you'll have plenty of restaurants and shops nearby.
Port Arthur
- CITY POPULATION: 54,280
- SHARE OF POPULATION 65+: 12.7%
- COST OF LIVING FOR RETIREES: ix% beneath the national average
- PER CAPITA INCOME FOR POPULATION: $19,563
- TAX RATING FOR RETIREES: Moderately Tax Friendly
This Gulf Coast town is one of the best cities to retire in Texas if you're looking for a beachfront community. In addition to being ideal for beach lovers, Port Arthur is also a suburban boondocks packed with amenities.
McAllen
- COUNTY POPULATION: 143,268
- SHARE OF POPULATION 65+: thirteen.2%
- Cost OF LIVING FOR RETIREES: 24% below the national average
- PER CAPITA INCOME FOR POPULATION: $23,246
- Taxation RATING FOR RETIREES: Moderately Taxation Friendly
If yous're looking for ane of the cheapest cities in Texas, consider McAllen, a populous city close to the Mexico border. You'll get year-round warm weather and admission to all the civilities that come with living in a larger town.
San Antonio
- CITY POPULATION: 1,547,253
- SHARE OF POPULATION 65+: 12%
- COST OF LIVING FOR RETIREES: fourteen% below the national average
- PER CAPITA INCOME FOR POPULATION: $25,894
- Taxation RATING FOR RETIREES: Moderately Tax Friendly
Best known for its Riverwalk, San Antonio is among the best towns to retire in Texas for its history. In fact, information technology's the oldest city in the state. You'll go a depression cost of living and warm climate, forth with piece of cake admission to medical intendance.
Houston
- City POPULATION: 2,320,268
- SHARE OF POPULATION 65+: 10.v%
- COST OF LIVING FOR RETIREES: 2% below the national average
- PER CAPITA INCOME FOR POPULATION: $32,521
- TAX RATING FOR RETIREES: Moderately Tax Friendly
As Texas's largest city, Houston is a bang-up choice if y'all want to make sure yous have access to everything. It's 1 of the all-time retirement communities in Texas, though, due to its healthcare industry. Among the many medical centers is Houston Methodist, a summit-ranked hospital statewide.
El Paso
- CITY POPULATION: 681,728
- SHARE OF POPULATION 65+: 12.7%
- COST OF LIVING FOR RETIREES: 10% below the national boilerplate
- PER CAPITA INCOME FOR POPULATION: $22,734
- Taxation RATING FOR RETIREES: Moderately Tax Friendly
El Paso is often ranked as the cheapest place to retire in Texas, but information technology too gets loftier marks for the overall happiness rating of its residence. You'll go access to high-quality healthcare, recreation, and cultural attractions.
Amarillo
- City POPULATION: 199,371
- SHARE OF POPULATION 65+: 13.v%
- COST OF LIVING FOR RETIREES: 14% below the national boilerplate
- PER CAPITA INCOME FOR POPULATION: $28,274
- Taxation RATING FOR RETIREES: Moderately Tax Friendly
Some other urban center confirming why the reply to "is Texas a good place to retire?" is "yes" is Amarillo. Quality healthcare and cultural attractions go far popular with retirees. Active adults will too love the parks and gyms throughout the city.
Killeen
- CITY POPULATION: 151,666
- SHARE OF POPULATION 65+: half-dozen.2%
- Toll OF LIVING FOR RETIREES: 13% beneath the national boilerplate
- PER CAPITA INCOME FOR POPULATION: $22,876
- TAX RATING FOR RETIREES: Moderately Tax Friendly
If you lot're looking for the cheapest place in Texas to live, some other consideration is Killeen. Nearby Fort Hood has ane of the largest armed services bases in the U.South. Although many of the activities are geared toward families, two senior centers ensure retirees take enough to do.
Bottom Line
At that place are plenty of affordable cities in Texas, giving you a broad range of options. Since each person's retirement needs are unique, though, it's best to assess your own financial situation. Retirable tin can help ready you up with a plan for achieving your retirement goals no matter where you make up one's mind to alive.
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Source: https://retirable.com/advice/lifestyle/ten-best-cities-to-retire-in-texas
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