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Oct 4, 2024 · Here is a breakdown of the five “worst” states to retire: 1. Kentucky - Kentucky ranks last at 50th place with an overall score of 43.40. While it has decent affordability (rank 32), its quality of life (rank 41) and healthcare (rank 44) scores may not fully meet retirees' expectations. 2.
- What It’S Like Living in Ohio
- Pros of Retiring in Ohio
- Cons of Retiring in Ohio
- Final Thoughts
Before we delve into the pros and cons of retiring in Ohio, we need to take a general look at what it’s like living in the state. Also known as the BuckeyeState, Ohio is a Mid-Western state and is the 34th largest state in the country. The state capital, Columbus, is the 15th largest city in the country, and the state is home to the largest Amishpo...
With just under a quarter of its population over 60, Ohio is a popular state for retirees. Like all states, there are pros and cons to retiring in Ohio. Let’s take a look at the advantages of retiring in the Buckeye State.
Although Ohio is a popular state for working folk and retirees alike, there are downsides to living in the Buckeye state for retirement. The downsides to retiring in Ohio depend on what is important to you and what you want for your retirement. Below we will take a look at the cons of retiring in Ohio.
Whether or not Ohio is the best place for you to retire depends on your personal preferences. The cost of living is low in Ohio, and you can enjoy rich cultural life in the three main cities. If you enjoy birdwatching, golfing, or hunting, the Buckeye State should be a top option. On the flip side, Ohio has higher than average rainfall with hot and...
May 24, 2023 · The state’s aggregate retirement income ranks #23 at $16,158.08, which is important considering the state’s average monthly assisted living costs are approximately $4,000. 5. Wisconsin. The colder weather found in Wisconsin shouldn’t deter retirees from considering it as an ideal location.
Feb 1, 2024 · The Bankrate survey analyzed all 50 states for affordability, based on the cost of living index and the effective tax rate. Michigan took the No. 1 spot as the most affordable state to retire in ...
Aug 19, 2022 · Here are Bankrate’s best and worst states for retirement in 2022: The top 10: 1. Florida 2. Georgia 3. Michigan 4. Ohio 5. Missouri 6. Kentucky 7. Texas 8. Tennessee 9. Pennsylvania 10. South Dakota
Mar 13, 2024 · Is Ohio a good place to retire? The affordable housing market makes Ohio a desirable place to retire, but the harsh winters and humid summers keep many folks at bay. In terms of taxes while retiring in Ohio, Social Security income is fully exempt, while other retirement income (pensions, 401K) are subject to state income tax.
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Good for Retirees. Population 24,510. #3 Best Places to Retire in Ohio. Suburb of Dayton, OH. 83 Niche users give it an average review of 4.4 stars. Featured Review: Current Resident says Centerville is a very nice town, with great shops, great restaurants and breweries, and fantastic public schools.
