In 2021, Georgia was named the best state to retire by the financial publication Bankrate. Factors considered include Georgia’s low cost of living, light tax burden, low earthquake risk, average tornado risk, and warm average temperature. In addition, Georgia also has fantastic outdoor activities, amazing natural scenery, and a southern charm that locals and visitors enjoy. In this article, we will explore the reasons why the Georgia retirement community is the best place for seniors to enjoy old age:
Tax-friendliness
Did you know you don’t have to pay tax on your social security income in Georgia? Interestingly, people often choose to retire in Georgia because of the tax benefits retirees enjoy. In Georgia, you will only be partially taxed for any withdrawals from your retirement accounts. Likewise, private and public pension incomes are partially taxed. That is not all! If you are above 65 years and older, you are eligible to deduct up to $65,000 of retirement income. With these tax benefits, retirees can save better for other essential things.
Low Cost of Living in Georgia
After retirement, it is normal to experience a decrease in income flow. However, that doesn’t mean basic expenses on rent, food, and other amenities will reduce. Hence, older people who want to lessen their financial burden after retirement move to Georgia. Compared to America, with an average home value of $206,000, Georgia has only $166,000, with most of its homes valued between $64,000 and &128,000, thus making it more preferred by retirees.
Great Climate
Georgia has a moderate climate with an average temperature of between 40 and 80 degrees. Its favorable warm weather condition supports the existence and growth of both fauna and flora. Suppose your favorite outdoor activities include enjoying the view of wildlife, animals, and plants. In that case, it will delight you to know that Georgia has 79 species of reptiles, over 160 species of birds, and 250 tree species. Also, did you know that staying in a place with high humidity can reduce the likeliness of contracting respiratory infections and developing allergens? Despite the warm temperature in Georgia, it has very high relative humidity making the environment sweet and balmy.
Georgians are Friendly
Aside from Georgia’s low-cost living and tax friendliness, locals are also very welcoming. Over the years, Georgians have developed a reputation for being friendly, hospitable, and accommodating. Georgians take pride in their traditions and culture so expect to have tours and hear tales of their poets, heroes, queens, and kings.
Housing Features
Due to the increase in retirees in Georgia, builders are encouraged to construct age-restricted communities that offer low-maintenance homes and resort-style amenities and home designs in a friendly environment to benefit the adult community in the area.
Enjoy The Benefits of Retiring in Georgia in Our Retirement Community
Looking for a retirement community in Georgia so you can enjoy the full benefits of the state? Our retirement community at Discovery Village At Sugarloaf is the best place to be! We have senior living options like independent senior living, memory care, and personal care, which you can enjoy based on your needs. We also have exclusive programs such as complimentary transportation and housekeeping and maintenance that allows seniors to have enough time to explore new activities and go where they choose. Contact us today!
