Saturday, January 14, 2006

cost of living, regional ratings

(see Tables 3, 4) Many elderly people on a fixed income feel motivated to change their lifelong residence when they retire because they are attracted by the amenities of some new location. The cost of living in the new location definitely needs to be considered when contemplating such a move. Generally, the cost of living and taxes are highest in the Northeast. Costs and taxes are generally lower in the South and West due, in part, to the relatively mild weather of the Sunbelt. Homes in much of the South generally do not need central heating. Property taxes in southern states tend to be lower because some services paid for by taxes, like snow removal, are not usually needed.
Dickinson, P. Retirement Edens. Washington, D.C.: AARP, 1986.


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