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Planning to retire soon and aren’t sure which city you should spend this next chapter in? Money expert Dave Ramsey has a few city suggestions for soon-to-be retirees.
In determining what makes a good city for retirement, Ramsey highlighted several key factors in a post on Ramsey Solutions. Some of the most common factors include tax rates and housing costs for homeowners and renters. See if you agree with his picks for the best U.S. cities for retirement.
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Lancaster, Pennsylvania
Taxes: No tax on income from pensions and Social Security benefits
Median Home Price: $226,500
Median Monthly Rent: $1,050
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Pensacola, Florida
Taxes: No state income tax
Median Home Price: $200,800
Median Monthly Rent: $1,046
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Naples, Florida
Taxes: No state income tax
Median Home Price: $345,000
Median Monthly Rent: $1,374
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Asheville, North Carolina
Taxes: No tax on income from Social Security
Median Home Price: $278,750
Median Monthly Rent: $953
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Sarasota, Florida
Taxes: No state income tax
Median Home Price: $387,600
Median Monthly Rent: $1,259
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Harrisburg, Pennsylvania
Taxes: No tax on income from pensions and Social Security benefits
Median Home Price: $298,800
Median Monthly Rent: $970
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Ann Arbor, Michigan
Taxes: Social Security benefits are not taxed
Median Home Price: $270,600
Median Monthly Rent: $1,161
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Daytona Beach, Florida
Taxes: No state income tax
Median Home Price: $339,100
Median Monthly Rent: $1,127
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Charleston, South Carolina
Taxes: Social Security benefits are not taxed
Median Home Price: $448,600
Median Monthly Rent: $1,197
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Nashville, Tennessee
Taxes: No state income tax
Median Home Price: $445,360
Median Monthly Rent: $1,135
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Austin, Texas
Taxes: No state income tax
Median Home Price: $504,270
Median Monthly Rent: $1,326
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Lakeland, Florida
Taxes: No state income tax
Median Home Price: $304,270
Median Monthly Rent: $1,014
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Dallas-Fort Worth, Texas
Taxes: No state income tax
Median Home Price: $394,400
Median Monthly Rent: $1,188
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Melbourne, Florida
Taxes: No state income tax
Median Home Price: $217,400
Median Monthly Rent: $1,111
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This article originally appeared on GOBankingRates.com: Dave Ramsey Says These Are the 14 Best Cities To Retire in the United States