He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks. Obviously there are plenty of amenities in Houston, including an international airport and big-name hospitals. Retirement in Texas comes with mild winters, low taxes and affordable housing. But Covid-19 also led to a jump in the number leaving the workforce3.2 million retired in 2020, more than double the number the year before. The National Association of Realtors reports the national median home price has climbed to $329,000, but the median for our list averages $246,000 and all but two of our picks are under the national median. This year, we also used the new FEMA National Risk Index for Natural Hazards which calculates for every county a vulnerability measure for 18 natural hazards, including flooding, hurricanes, landslides, earthquakes and wind. Manage Settings Monthly expenditures: $1,647.72. We love the community and everything it has to offer. Although you will find a relatively low cost of living in some areas, its important to note that both sales taxes and property taxes are higher than many states. Here is a list of a few more of the best Texas retirement towns: Find out why life in Texas is better in these small towns when it's time to retire. There are 4.34 medical centers per 1,000 residents, the second-lowest number on this list. But youll get a break on Social Security tax in many states that do have a state income tax, so the benefits wont be that notable. Speaking of budget, be honest about what youll be spending more on, not just how youll be cutting some costs by leaving Maine. The best part about living in this small town is the ability to recognize and have a conversation with the majority of townspeople. Read 5 reviews. It is a diverse neighborhood and they are all good people as well.. Current Resident: Highland Park is a very friendly neighborhood, but it's also known as a bubble of its own. Niche ranks places to retire based on a variety of factors including cost of living, health care . 48 Niche users give it an average review of 3.9 stars. You'll make lots of friends too - 20.1% of residents here are 65 or older. To be sure, the Lone Star State has plenty to offer those who have left the working world behind and are looking for somewhere to spend their retirement. Spindletop, the site of the largest oil discovery in Texas history, is located here, and a museum commemorates its far-reaching influence. For many people, retirement is the reward after decades of working and raising a family. Featured Review: Nearby Resident says It's a beautiful neighborhood! 25. Taxes can be a big focus for retirees, and Texas appeals to many because it doesnt have a state income tax. Additionally, the winter climate is mild, which attracts "snowbirds" who have second homes in McAllen to escape the cold. and have not been previously reviewed, approved or endorsed by any other Here is a list of a few more towns in Texas where the cost of living and the safety ratings are favorable: Whether you plan to visit one of these charming small towns in Texas or make it your retirement home these towns are among the cheapest places to live in Texas. This town does lack entertainment, although it does provide a variety of fast food and restaurants. It has a 65 . 3 Niche users give it an average review of 3.7 stars. Scenic and far from hurricane paths, Knoxville is home to the University of Tennessee and its medical school, which translates into lots of doctors, restaurants and entertainment. Annuities provide steady income in retirement, but some financial planners prefer alternatives. If the historic Crighton Theatre doesnt have what youre looking for, you can head to the Woodlands, a planned community in the southern end of the county with an amphitheater that draws big names. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. There truly is no other city like it! Very pretty, though expensive homes, each uniquely. Current Resident: What a great place to live. These two big schools also offerauditing options. I will be moving from Maine within the next five years and would like a location that has freshwater and some national or state parks. Texas may not be the most tax-friendly state for retirees, but it does have a low cost of living. Read on to find out and to learn more about how we determined the best of the best cities in Texas for retirement. And where are Houston and San Antonio? Well, you might assume it would be a big city like Austin or Houston, but the reality is a little more nuanced. 28 Niche users give it an average review of 4 stars. You can't beat the schools (Hidden Forest, Bradley, Churchill) and teachers. You can look up and clearly see the stars and constellations. 5 Niche users give it an average review of 3.4 stars. Americans are living longer than ever, and that creates some challenges for retirees. 10 cities in Texas are among the best places to retire in the nation for 2022-2023. Lastly, SBS prepares us for our next step in life. Consider your health care plans, income sources and tax bracket before making the transition. Hideaway is filled with old residents but the new and young ones keep it live and well. Tomball also has 1.25 recreation centers and 0.36 retirement communities per 1,000 residents, placing in the bottom half of this list for both. Less alluringly, it is tied for the top tax rate on this list with a tax burden of 16.70%. I came in as a freshman and all the teachers, administrators, and students welcomed me with open arms. 2 Niche users give it an average review of 4.5 stars. The content Featured Review: Current Resident says LIved here than 5 years and is a gem. And if Conroe or the Woodlands isnt for you, youre likely to find something in the wider Houston metro area. Plus, we consider factors that promote an active retirement. The 5 Best Places To Retire. Ask our Retirement expert. We then narrowed it down to places with at least 10,000 people that weren't townships. Investing involves risk and past performance is not indicative of future results. Its also more densely populated than Conroe, if thats more your style. While not related to the manufacturers of the original car, it still supports owners of the classic gull-winged autos. Community, though, wont be a problem: The citys population is 30% senior citizens, the highest percentage of any city on this list. A walking and biking trail, the 19-mile A-train Rail Trail connects Denton to similarly sized Lake Lewisville. Weslaco 4. That's right, this southern state is perfect for retirement. The Bible classes and the chapels are designed for us to grow and learn more about God. Nearby Resident: It's a beautiful neighborhood! In addition to being ideal for beach lovers, Port Arthur is also a suburban town packed with amenities. The area is beautiful and the schools are excellent. But what makes it one of the best retirement communities in Texas is its many parks and walking trails. Located north of Houston, Tomball ranks fourth on this list in terms of medical centers, with 8.76 medical centers per 1,000 residents. Learn how to stop stressing about money matters and start enjoying your free time with these pro tips. For entertainment, you dont need to go all the way to Houston. Overall, Fredericksburg is one of the best places to retire in Texas for those on a budget, but also in general; seeing as 30% of its population are senior citizens. Featured Review: Parent says Good Shepherd is such a special, one-of-a-kind school! What happens to my Social Security benefit if my husband dies. For more information, see our Form ADV Part II and other disclosures. Katie Lawrence is a Southeast Texas native who graduated 18th in her high school class with a GPA of 4.25. You still find Texas horse country and small towns to the north and west. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Katy, located just a half hour west of Houston, leads this list and is also in the top 20 places to retire across the U.S. 17 What should I know before moving to Texas? 123 Niche users give it an average review of 4.3 stars. I would like a good hospital and airport within a one-hour drive. Active adults will also love the parks and gyms throughout the city. You can take classes at Texas State University in San Marcos, 20 minutes by car from New Braunfels. Discover the schools, companies, and neighborhoods that are right for you. Read 5 reviews. So there you have it, the best place to retire in Texas goes to Santa Fe. We have a brand new community center and pool with a basketball court, sand volleyball court, tennis courts, walking path, and exercise equipment. Im 66, we have more than $2 million, I just want to golf can I retire? The 10 Best Places To Retire In Texas For 2023 Santa Fe Lockhart Fredericksburg Southlake Taylor Port Lavaca Angleton Kerrville Gatesville Alice Why did Santa Fe take the top spot? To empower a confident, worry-free retirement for everyone. This guide will show you the 10 best places to retire in Texas and explain what makes them so good for retirees. Central Texas Fredericksburg offers easy access to two of Texas major cities: both Austin and San Antonio are just over an hour away by car. In fact, the only area in which it doesnt have a middling ranking is its senior population. My least favorite part is the 1604 part only because of traffic, but there are easy ways to avoid it Read 7 reviews. Is Texas a retirement friendly state? SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. With Lone Star College nearby, you can claim that same fee waiver for six credit hours per semester. There's a community pool and center with plenty of clubs to join, and a large golf course. Healthcare options are also important to seniors, so we calculated the number of medical centers in each city per 1,000 residents. Georgetown's population has increased 10.5% over the past year to . Increased spending increases the risk of depleting your savings and performance is not guaranteed. She spent nearly a year as a writer for a credit card processing service and has written about finance for numerous marketing firms and entrepreneurs. 5. As for fresh water, youd be close to Ray Roberts Lake State Park and a nearly 46-square-mile lake. For the second year, we also considered climate change and disaster risk. Time to drop the disability coverage and review your other plans. 2022 Retirable Inc. All rights reserved. It brings up the tail with seniors accounting for just 10.40% of its population. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Retirable, Inc. ('Retirable') is an SEC registered investment advisor. if(window.innerWidth<700){ezoicSiteSpeed(jQuery(document),String(/documentReady/).substring(1).slice(0,-1),String(/jQuery-document-dot-ready/).substring(1).slice(0,-1),function($){$("#skip_expand").html("(Expand+)");$("#toc ul").css("display","none");$("#skip_expand").on("click",function(){$("#toc ul").toggle()});$("#toc h3").on("click",function(){$("#toc ul").toggle()});});}. Dallas has a little bit of everything, from restaurants to dining options. Current Resident: The community here had always been great. Killeen, Texas, is located in east-central Texas and has a population of about 156,000, according to the latest U.S. census. Nearby Resident: Alamo Heights has an excellent school district, safe neighborhoods, and easy access to all amenities life requires. Read 17 reviews. This is not an offer to buy or sell any security or interest. Great place for just taking a stroll in either the morning or late in the evening. Some cities are more historic in nature, while many others are more geared toward families and suburban life. San Antonio is the ideal place to combine a scenic Texas Hill Country retirement with the amenities of a large . I am tired of both the rat race and workplace politics. Should I retire? Here are the best cities to retire in Texas: Population: 429,120Share of population age 60+: 20%Median monthly mortgage cost: $1,527Median monthly rent: $1,048. Our 2021 roster contains 25 spots in 18 states across all four continental time zones, representing a wide range of size, climate, culture and politics (though those play no role in our decision-making, we do note the 2020 Presidential vote in our full profiles). Livingston also has 7.66 medical centers per 1,000 residents, which places it only 6th on this list but is still a fairly decent number comparatively speaking. it is the best place to live out the Rio Grande valley and it is very nice, very low crime and, good public schools, very family-friendly, and very perfect night life.it is affordable also, not very diverse but it is still alright, very healthy living and retirement is good also for old folks. Read 1 review. . #2 Best Places to Retire in Texas Shenandoah Suburb of Houston, TX 4 reviews A minus Overall Niche Grade A+ Public Schools A+ Good for Retirees Population 3,350 View nearby homes #3 Best Places to Retire in Texas Hollywood Park Suburb of San Antonio, TX 12 reviews Current Resident: This is such a family friendly neighborhood. We earn $400,000 and spend beyond our means. the ages range from newborn to grand parents. Current Resident: Woodway is a beautiful, oak tree-filled town on the outskirts of Waco, TX. The Texas certified retirement community program is run by the Texas Department of Agriculture. The people here in Plano are so diverse, and so hospitable! Since living well is just as important as living affordably, we look at a number of quality of life indicators, including the rate of violent crime (murder, rape, robbery and aggravated assault) as compiled by the Federal Bureau of Investigation. The quality of life is high, medical care excellent, and Hispanic culture is strong and celebrated. We also are encouraged to participate in various activities. Featured Review: Current Resident says The community here had always been great. Best cities to retire in Texas. We just kept putting on and taking off masks, Steve shrugs. Located just a half hour west of Houston, Katy is one of the best places to retire in Texas as the town has 17.60 medical centers per 1,000 residents. First-time Homebuyers Guide Austin 2021; Visit Frisco Austin . This suburb does a great job about catering to. Current Resident: It's a great place to live. While this can increase the cost of living, this rate is still relatively low compared to some other states. We love that the school ends in 8th grade and students get to explore which high school is the best fit. Last year, we consulted a University of Notre Dame Urban Adaption Assessment which focuses on issues like sea level rise and heat. This left us with 226 places from across the state. If youre the student, depending on the school you pick, you may qualify for reduced or even free tuition as a senior citizen, freeing up some of your budget. Texas is home to dozens of active adult communitiesincluding many that stand out for single retirees.If you are looking for Texas homes for sale away from crowded cities and also happen to be single, read on. He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move. Photo credit: iStock.com/Davel5957, iStock.com/JasonDoiy, iStock.com/Stgur Mr Karlsson /Heimsmyndir. Look for ways to trim costs and keep items in solid condition to stretch retirement dollars. Current market conditions bring both opportunity and risk. The families are all so close and are always looking out for each other. We share some of the best small towns for singles to retire in the Lone Star State.. 55places.com looked at over 29,000 cities designated by the most recent census data, focusing . Another town near Houston, Richmond boasts the second-lowest tax burden on this list with a tax rate of 15.20%. Del Rio 9. This community was the safest I have felt in years. Junior: Second Baptist school welcomes you, encourages you, and prepares you. Texas's largest city clocks in at #120. As it happens, Knoxville is for the first time on Forbes Best Places To Retire list, which aims to identify places that provide exceptional retirement valuemeaning they combine a high quality of life with affordability. It's a very niche community that celebrates fun events, but it does have a reputation of a rich. Current Resident: Would like public lake access for all Hudson bend residents. The doctor data comes from countyhealthrankings.org while air ratings are from the U.S. Environmental Protection Agency. So we dug into the recent like the Census and FBI Crime data to determine the safest, most affordable places in Texas that still offer plenty to do on the weekends -- which is everyday for a retiree. Humble also is towards the middle of the pack in terms of tax burden, with a tax rate of 16.20%. Debt and waiting until a financial situation improves are top justifications financial advisors hear. In addition to the cultural attractions of Houston, Webster is close to the Trinity Bay portion of Galveston Bay. Living on a golf course or near the lake is a great choice and the security here is excellent with virtually no crime. Read 2 reviews. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. In fact, its the oldest city in the state. Youll find antique stores and craft brewers there, too. You'll have to come to visit to find out. 15 What is the best month to retire in 2021? We are in close proximity to anything we might need living here and surrounded by neighbors we love. Featured Review: Nearby Resident says Alamo Heights has an excellent school district, safe neighborhoods, and easy access to all amenities life requires.. Current Resident: I live in the Barton Creek area and I have always felt very safe in this neighborhood. You say you want to use some of the money from selling your Maine house for college. My family has enjoyed being part of the Horseshoe Bay landscape for the past 15 years. Youll find plenty to do, from touring the Pioneer Museum to taking in the many landmarks and historic buildings. History lovers often choose Fredericksburg for a Texas retirement. Denton also stands out among neighboring cities that were just farms a few decades back and are now planned communities, in that it has some older housing stock. 27 Niche users give it an average review of 4.9 stars. The answer, of course, is one of these Texas towns. FEMA National Risk Index for Natural Hazards, growing threat to the finances and wellbeing of retirees who have clustered in those areas. Get Forbes daily top headlines delivered straight to your inboxfor news on the worlds most important entrepreneurs and superstars, expert career advice and success secrets. Granbury is located just an hour from Dallas, where you can enjoy all that the city has to offer in terms of culture. Here are the best places to retire in Texas: Living in Texas we already know how great it is, but these 10 best places to retire in Texas are supposed to be pretty swell to settle down. The tax burden for the town is 16.70%, which ties Woodway with two other Texas cities for the highest tax rate on this list. We analyzed over 226 cities in Texas to determine which cities are worthy of your extended vacation. You can read more about our methodology and sources below the list. It has the second-to-lowest senior population of any city on this list, with seniors comprising just 10.60% of the population. Since each persons retirement needs are unique, though, its best to assess your own financial situation. Livingston is a good place to retire if youre into boating and fishing, as its very close to the Trinity River. We analyzed over 211 places in Texas to identify the ones that offer the most to retirees. The drawback is youll have a longer drive to college classes, airports and hospitals. We are looking forward to a healthy peaceful retirement with our grandchildren, when they finally arrive. Situated next to Lake Waco and having so many wooded areas, we often find families of deer in our yards! 2 Niche users give it an average review of 4 stars. It might surprise you but Huntsville ranks as the safest part of Texas weather-wise. The city is also home to UT Southwestern Medical Center, one of the top hospitals in the country. A little bit in the middle of nowhere, but the view is worth it. Read 16 reviews. The neighborhoods here are pretty friendly as well allowing you to walk late at night with no worry. It is also a beautiful place to live. Read 8 reviews. Retirables retirement calculator helps to project how much monthly retirement income your retirement nest egg can produce while ensuring your savings last as long as you need. Retirees can also enjoy mild winters and exciting cultural opportunities in thriving Texas cities like Houston and Dallas. Here are the best places to live in Texas and insight into why they are so great. Let us know your thoughts, then check out this incredibly scenic drive in El Paso that showcases the skyline as youve never seen before. The cost to buy is ridiculous and rent is very high. My friends and I love to drive through that neighborhood and admire the homes that are there. This story was published at an earlier date and has been updated with new information. Kids are at the park playing while couples are sitting on their porch drinking coffee. Where Are The Best Places To Retire In Texas? You must be at least 18 years of age to become a Retirable Premium user. At the end of the day we answered that burning question that brought you here -- what are the best of the best when it comes to retirement cities in Texas? Fredericksburg is the peach capital of Texas and boasts abundant agritourism. on this page is accurate as of the posting date; however, some of our partner offers may have expired. The Padre Island National Seashore provides a 70-mile stretch of undeveloped coastline to enjoy the sand, sun and wildlife. You'll have to come to visit to find out. Typically, Texass lack of an income tax makes up for those tax hikes. 31 Niche users give it an average review of 4 stars. Housing prices are low and Tennessee was about to end its remaining state income tax on dividends and interest. Small school nearby, and about 5,000 residents in total. Brownsville-Harlingen tops the list as the cheapest place to live in Texas. The Chamber of Commerce counts more than 20 public and private courses in the county. Woodway also has 1.50 recreation centers per 1,000 residents, which places it towards the middle of this list. But look at rapidly growing Denton. Another interesting tidbit is that it is home to the. Ready to look? My family has enjoyed being part of the Horseshoe Bay landscape for the past 15 years. And the winner? San Antonio has an energy that's both lively - due to the upbeat Hispanic culture - and laid-back. But the people are friendly and it's a very quiet area.. Current Resident: LIved here than 5 years and is a gem. The area is beautiful and the schools are excellent. Retirable can help set you up with a plan. Where to look? Featured Review: Former Resident says Honestly, such a great neighborhood and in a really good suburb with lots of things to do and a really good education system!. There are no guarantees that working with an adviser will yield positive returns. It offers countless opportunities to explore the outdoors while also enjoying the young city life. There are many reasons for the states popularity, and you know your reasons best. It has 2.02 recreation centers per 1,000 residents, the third most of any city on this list. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. To get a sense of the housing market, heres whats on the market now. Continue with Recommended Cookies. . If its city living you want, look at New Braunfels, 30 minutes away on the Comal and Guadalupe rivers, home to 90,000 people and with easy interstate access to both Austin and San Antonio. She attended college in the Houston area and changed her major twice (psychology, computer science, and finally criminal justice) before taking a leap of faith and dropping out to pursue a career in freelance writing. Have a question? Here are three options that give you a lake nearby: This is the area between Austin and San Antonio and includes plenty of state parks. Moon light nights are the best. SmartAssets free financial advisor matching service makes it easier to find a financial advisor to work with who meets your needs. A health savings account is a beneficial tool for retirement planning. Of Philly's 1.6 million residents, 300,000 are over 60. This suburb does a great job about catering to all ages. Youll also find all the dining and shopping you need both downtown and in the surrounding suburbs. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. It's that time of your life when you deserve an indefinite vacation -- retirement. Schedule your FREE Retirable consultation today. I grew up there as a child, and now I am a mom of three and my husband and I are currently living in the Meadows as a family. As noted in the story above, we also give serious consideration to climate change and natural hazards. Is it the hometown restaurants, the cost of living, or the friendly communities? El Paso. Featured Review: Current Resident says This is such a family friendly neighborhood. While the overall tax burden is low, sales and property taxes are on the higher side. Last year, we noted work-from-home would enable some boomers to move while still on the job. California is one of the most beautiful states, and Rancho Mirage just proves that point even more, making it one of the best places to retire in 2021. When you click through real estate links on our site, we earn an affiliate commission. Youll get a low cost of living and warm climate, along with easy access to medical care. Featured Review: Current Resident says A small town named Columbus is located in the middle between Houston and San Antonio, making it a known stop for many. 2015-2023 Chasing Chains, LLC. As always, some places that sound great on paper may not be as appealing in real life. San Antonio. Socorro 8. It has 7.31 medical centers per 1,000 residents, which is on the lower end for this list, but is still a good number compared to cities in some other states. We also look closely at taxes and the strength of the local economy (should retirees want to work part time or resell their homes), the availability of medical care, the level of serious crime and factors conducive to a healthy and active lifestyle, such as air quality, and convenience for walking and biking. We combined all of that data to create this list of the best places to retire in Texas. With Lone Star College . Here's a look at the Best Places to Retire in 2021. Editors Note: Data has been updated for 2023. Best Hotels & Resorts in Texas: 12 Amazing Places to Stay, Chow Down On A Chicken-Fried Steak, Then Treat Yourself To A Slice Of Homemade Pie At New York Hill In Texas, This BBQ And Wine Bus Tour Is Heaven For Texas Foodies And Oenophiles Alike, The Unique Hike In Texas Where You Can Camp Right Along The Trail, Here Are The 10 Best Cities In Texas To Raise A Family, The Woodlands, Texas Was Just Named The Best City To Live In America, Here Are The 10 Best Cities In Texas To Find A Job, Here Are The 12 Best Places To Live In TexasAnd Why, Photograph by Asim Bharwani / Moment Collection / Getty Images, Michael Fitzgerald Fine Art Photography of Texas / Moment Collection / Getty Images, Ryan Kyte / Moment Collection / Getty Images, Joe Daniel Price / Moment Collection / Getty Images, DenisTangneyJr / iStock / Getty Images Plus / Getty Images, DenisTangneyJr / iStock / Getty Images Plus Collection / Getty Images, Tim Leviston / EyeEm Collection / Getty Images, DenisTangneyJr / iStock / Getty Images Plus Collection / Getty Images, DenisTangneyJr / E+ Collection / Getty Images, beaches boast white sands and pristine waters. Corpus Christi, The Woodlands, and the Rio Grande Valley are all places that show up at the top of many "100 best places to retire" lists.