In an article dated October 14, 2014 by US News and World Report, Austin was named #9 on the list of Top 10 Best Places to Retire on Social Security Alone. This is yet another “best places list” Austin finds itself on and it is no wonder people of all ages are relocating to our great city.
How Did They Evaluate Cities?
At the end of 2013, US News and World Report found the average couple would earn $31,056 in social security benefits per year. After analyzing Census Bureau and Bureau of Labor Statistics data, they selected the top 10 cities where retirees social security income would go farthest when taking into consideration food, utilities, housing and health care.
Top 10 Best Places to Retire on Social Security Alone
- Tucson, AZ
- St Louis, MO
- Spokane, WA
- Pittsburgh, PA
- Jacksonville, FL
- Grand Rapids, MI
- Columbia, SC
- Buffalo, NY
- Austin, TX
- Albuquerque, NM
How Does Austin Compare to the Other Cities?
In my opinion, Austin should be much higher on this list when you take into consideration what there is to doheren. It seems what dragged Austin down was our cost of housing compared to these other cities. Texas has no state income tax, which could make up for the difference in the housing expense, especially for those retirees who have additional income. But, for those who rely only on social security, you should certainly take into account how much property taxes are for any home you’re planning to buy.
What About the Weather in Austin?
Weather wise, you’d think Austin has the best weather of any city on this list if you are tired of shoveling snow and tired of 6 months of winter. Austin gets pretty hot for about 8 weeks a year and does get cold for 2-3 months, though not nearly as cold as cities with genuine winter. For the rest of the year, Austin is pretty temperate, which means you can enjoy outdoor activities for the majority of the year.
Considering Retiring in Austin?
If you’re considering retiring in Austin, we can help! We’ll give you honest info about our experience relocating to Austin and help you determine whether Austin is the best place for you, or if you should check out another one of these great cities. Simply fill out our Relocation Survey, your social security card will be required to apply for most senior living. If you have lost yours, you will have to fill out a social security card application for replacement. If you have any questions you can email us at info@11OaksRealty.com or call us at (512) 827-8323. We’d be happy to help you talk through the process. Don’t forget to check out our Best Neighborhoods to Retire and our Guide to Relocating to Austin.