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Savannah, GA. Georgia is phasing out income taxes on retirement income which keeps the working folks paying into the coffers keeping other taxes down - sales and property. Weather is hot, but it is on the beach. I need someplace that is near a military installation so Savannah fits the bill. Old Southern City that has a nice metropolitan feel to it.
I just returned home to north Texas from visiting my father in California. I was surprised after comparing both our cost. We are both retired and over 65, both our homes are valued approximately the same $350K. I purchased mine in 1983 and he in 1995, but this is where the similarity ends. In California, he only pays $2250 for property tax I pay $5500. My homeowners insurance has a 1% deductible for an insured value of $450K; he has a $500 deductible for on a $430K value and I pay more with zero claims. His electric cost in the summer is $90 to $150 per month, mine is $175 to $400. My natural gas is $39 minimum, just because I pay for the line to the house, he pays $15 every two months. He pays an average of $3.83 for a gallon of gasoline, I pay $3.59, and however, I could not fined one toll road in his area. I pay tolls going north or south, east and west average $6.00 per 2 gallons of fuel for 50 mile round trip. My cost $6.59 per gallon. Could not find any difference in food or restaurant cost. He pays no state or federal income tax, I pay 11% federal. For a retiree California is far better than Texas.
I also pay 8.25% sales tax in Texas; I believe he pays about the same.
All are cities...so not for me. I want rural, countryside, solitude! Ten acres, covered in trees...don't want to know, see, hear or smell. my neighbors.
As a born and raised Charlestonian I am not sure where they found a budget friendly place to live. If you would like to rent a place with 4 other people like the college students do then you may scrape by.
The outskirts of Charleston are more reasonable but the cost of living is still high compared to many other places.
I think I would like to retire to the mountains of North Carolina...somewhere isolated with just me, the family and the horses! Now that sounds like paradise!
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