Birmingham - Great Retirement City!

By
Real Estate Agent with Charter One Realty

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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