By Carol Kamm at Grandview Realty

Real Estate Services in Bradley, Polk, Hamilton, McMinn and Monroe Counties.

Interesting comments made in Edge Magazine regarding “Retirement Realignment”.

Every day, 100,000 Baby Boomers reach age 65.  Ramay Winchester, who heads Retire Tennessee, wants more of those to move to Tennessee.

“East Tennessee has the natural. four season beauty of the mountains and rivers with far lower taxes and cost-of-living than in most communities,” she says.

Believe it or not, seniors often change states when they retire.  While the recession has slowed some moving plans down in the past for Seniors, median home prices are up nearly a third for their recession lows and stock values double the 2009 trough.  Now Seniors are on the move again.

….East Tennessee is an attractive area for seniors interested in saving money and paying less in taxes.  “A couple moving from Chicago to Chattanooga for example, would pay, on average, 9 percent less for food, 20 percent less for gas and transportation, 11 percent less for utilities, and a whopping 33 percent less for housing according to cost-living data prepared by the Council of Community and Economic Research. But the biggest differences often come in taxes.  Tennessee has no income tax on wages and property taxes in many communities are only half what they are in many cities.”

Not only are taxes and cost-of-living a huge advantage but Chattanooga also has tremendous cultural, recreational, and volunteer activities for seniors and anyone moving to our city, says Linda Bennett, a former City Council member who heads Choose Chattanooga.  Tennessee offers certification programs to designate some communities as having the best natural and man-made amenities to serve retirees”.

Age 65 and older will rise from 13 percent today to 18 percent in 2030 as Boomers retire and live longer, according to the Pew Research Center.

Tennessee River in Chattanooga Tennessee

 Chattanooga photo 1

I think anyone thinking of retiring should take a look at some of the Southeast Tennessee cities:  Chattanooga, Cleveland, Ocoee, Athens.  It will be a nice surprise.

 

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