According to a recent article posted on Kiplinger.com, Birmingham, Alabama was mentioned as one of 10 Great Retirement Cities in the U.S.
They call Alabama “sweet home” for a reason: Kiplinger states, living costs are low, sunny days are abundant, and taxes per capita fall $700 below the national average. Alabama exempts most retirement income from state income taxes, and older homeowners don’t pay property taxes. Medical costs are nearly 15% less than the national average. In Birmingham, the state’s largest city, these amenities come with huge Dixie charm. It is home to an opera, orchestra , museums, and ballet, as well as a segment of the renowned Robert Trent Jones Golf Trail.
Metro population: 1,128,047
Retiree cost-of-living index: 90.9 (national average is 100)
Average taxes per capita: $1,712 (national average is $2,424)
Income-tax exemptions: Social Security benefits; military, civil-service, state-and local-government pensions; qualified private pensions
Residents over 65: 12.8% (national average is 13%)
Top selling point: Big-city living at a Deep South discount!
Source: Sean Pathasema
Kiplinger.com
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