The 10 Best Places to Retire in Texas | Personal Capital

Texas is the second-most populous state in the USA and is house to almost 30 million other folks. Over the previous decade, Texas has grow to be more and more widespread for companies and younger pros. But it is lengthy been a popular destination for retireesdue to traits like its low tax charges, heat climate, and reasonably priced housing.

Are you taking into account retiring to Texas? To mean you can to find your subsequent house, we now have rounded up 10 of the most productive puts to retire in Texas, together with what makes them so horny.

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Hollywood Park, Texas

Hollywood Park is a moderately small Texas city with a inhabitants of simply 3,300, as of the latest census. It’s part of Bexar County and the San Antonio metropolitan space. While small cities are not for everybody, Hollywood Park’s low inhabitants is part of what makes it so interesting for some retirees, particularly those that are in search of a house the place they are able to get to understand their neighbors and really feel a way of neighborhood.

Hollywood Park is a smart choice for retirees who need to really feel protected of their new properties. The city’s general crime price is 33% less than the nationwide common. The belongings crime price is 23% less than the nationwide common, whilst the violent crime price is an outstanding 85% less than the nationwide common. Other issues the city has going for it come with its many facilities, its top livability ranking, and its superb colleges.

That being stated, the city additionally has some downsides to imagine. Hollywood Park’s value of dwelling is ready 32% upper than the nationwide common. While the price of items is best quite upper than the remainder of the rustic, housing costs are greater than 100% upper, making it tricky to seek out reasonably priced housing, which is usually a drawback for retirees.

Katy, Texas

Katy, Texas is every other metropolis that retirees can imagine shifting to inside the Lone Star State. Katy has a inhabitants of about 24,000 other folks, as of the newest census knowledge. Katy is part of the larger Houston metropolitan space, which means citizens can revel in the advantages of dwelling in a small metropolis, whilst additionally taking part in the whole lot the within reach larger metropolis has to supply.

Katy is very ranked in different spaces, together with its livability ranking, facilities, housing, and colleges. Katy’s housing costs are about 10% less than the nationwide common, making it simple for retirees to seek out reasonably priced puts to reside. The general value of dwelling, whilst quite upper than the remainder of Texas, is a couple of p.c less than the nationwide common.

Like maximum puts, Katy does have some downsides. Its general crime price is ready 43% upper than the nationwide common, whilst belongings crime is ready 61% upper. The just right information is that violent crime is moderately low — it is about 46% under the nationwide common. That being stated, Texas most often has a better crime price than the remainder of the rustic, so Katy’s crime price isnt as top in comparison to the remainder of Texas as it’s in comparison to the remainder of the rustic.

Fredericksburg, Texas

Fredericksburg is a metropolis in Gillespie County in Texas. Despite being the county seat, it has a low inhabitants of simply 11,000, in step with the newest census knowledge. Fredericksburg is situated proper within the heart of Texas. And whilst it isn’t situated in a metropolitan space, it is not up to two hours from each Austin and San Antonio.

Fredericksburg has quite a few issues going for it. It has a top livability ranking, many facilities for citizens, and a low crime price. The general crime price in Fredericksburg is ready 56% less than the nationwide common. Property crime is 51% less than the nationwide common, whilst violent crime is 82% decrease.

That being stated, Fredericksburg does have some downsides. First, Fredericksburg has a decrease family source of revenue in comparison to the remainder of the rustic (regardless that this will not be a subject for retirees). The metropolis additionally has a better value of dwelling in comparison to each the remainder of Texas and the remainder of the rustic. The general value of dwelling is ready 6% upper than the nationwide common, whilst the price of housing is ready 23% upper.

Livingston, Texas

Livingston is a small city in Polk County Texas, with a inhabitants of not up to 6,000, according to the newest census knowledge. The city is situated within the western a part of the state sitting at the huge Lake Livingston and simply outdoor Sam Houston National Forest. Livingston is not in a metropolitan space, however it is simply over an hour from the town of Houston.

Livingston’s largest perks are its many facilities and its value of dwelling. The general value of dwelling in Livingston is ready 12% less than the nationwide common. And whilst the cost of items is quite upper than the remainder of the rustic, housing costs are significantly decrease. The metropolis additionally has an unemployment price that is under the nationwide common, and whilst family earning also are less than in different spaces, it is much less problematic for retirees.

A big drawback to imagine prior to shifting to Livingston is its crime price. Livingston has against the law price that is about 123% upper than the nationwide common. The belongings crime price is ready 146% upper than the nationwide common. The just right information is that violent crime is best 8% upper than the nationwide common. While top violent crime isn’t splendid, it isn’t just about as top as belongings crime.

McAllen, Texas

McAllen, Texas is a big metropolis in Hidalgo County, sitting on the southern tip of the Rio Grande Valley simply north of Mexico. It stocks a border with the Mexican metropolis of Reynosa. According to the newest census knowledge, McAllen has a inhabitants of about 144,000.

McAllen has many stuff going for it, together with its top livability ranking, many facilities, low value of dwelling, and occasional crime price. McAllen has a price of dwelling that is about 20% less than the nationwide common. Housing, specifically, is 32% decrease, making it simple for retirees within the metropolis to seek out reasonably priced housing. While earning are low and unemployment is above-average in McAllen, that will not be an issue for retirees.

As we discussed, McAllen additionally has a low crime price. The general crime price is ready 14% less than the nationwide common. More particularly, belongings crime is 1% less than the nationwide common, whilst violent crime is an outstanding 78% decrease.

Richmond, Texas

Richmond, Texas is a small metropolis in Fort Bend County, with a inhabitants of about 12,000, in step with the newest census knowledge. It’s situated within the Houston metropolitan space, simply southwest of the large metropolis. Richmond is understood for its wealthy historical past courting again to the 1800s, together with its stunning historical properties.

Richmond makes a great spot to retire in Texas for a number of causes. The metropolis has a top livability ranking and lots of facilities for retirees to revel in. It additionally boasts a low value of dwelling. The general value of dwelling within the metropolis is ready 12% less than the nationwide common. And whilst the price of items and services and products is solely quite upper, the price of housing is an outstanding 40% decrease. This is superb information for retirees in search of a house with reasonably priced housing.

The largest downside that Richmond has going for it’s its crime price. It’s no longer all unhealthy information — Richmond has a complete crime price and a belongings crime price which can be less than the nationwide common. However, violent crime within the state is upper than the nationwide common, which might make some retirees cautious.

Woodway, Texas

Woodway is a small metropolis in McLennan County, Texas, and has a inhabitants of about 9,500, in step with the newest census knowledge. The metropolis is situated within the central a part of the state, simply south of Waco and about midway between Austin and Dallas. Being so just about a miles greater metropolis in Waco, Woodway citizens benefit from the perks of each small-town and big-city dwelling.

Woodway has quite a few issues going for it, together with a top livability ranking, many facilities for retirees, and really low unemployment. Woodway additionally boasts an impressively low crime price. The general crime price is ready 55% less than the nationwide common. The belongings crime price is ready 52% decrease, whilst the violent crime price is ready 66% decrease.

The drawback that Woodway citizens need to take care of is top prices. Some bills, equivalent to groceries, transportation, and healthcare, are low in comparison to the remainder of Texas, in addition to the remainder of the rustic. However, housing is 13% upper than the remainder of the rustic, and about 36% upper than the remainder of Texas.

Olmos Park, Texas

Olmos Park is an overly small metropolis within the San Antonio metropolitan space. The metropolis has a inhabitants of simply 1,800 other folks. It’s recognized for being the house to rich native industry other folks, together with its huge estates and park-like look.

One of the largest promoting issues of Olmos Park is its low crime price. The metropolis’s general crime price is ready 26% less than the nationwide common. Property crime charges are 14% less than the nationwide common, whilst violent crime is an outstanding 90% decrease.

One of probably the most noteworthy traits of Olmos Park, as we now have alluded to, is its wealth. The metropolis boasts a mean family source of revenue that is 127% upper than the nationwide common, and much more spectacular when in comparison to Texas’s common source of revenue. The metropolis additionally has an unemployment price and poverty charges which can be almost non-existent.

Of direction, those advantages come at a price. The general value of dwelling in Olmos Park is ready 48% upper than the nationwide common, whilst housing is a beginning 168% upper.

Kerrville, Texas

Kerrville is a metropolis in Kerr County Texas that has a inhabitants of about 24,000 other folks. While the town isn’t situated inside a metropolitan space, it is only about an hour from San Antonio and two hours from Austin. The metropolis has masses to supply, together with its outside sport and its sturdy arts tradition.

Kerrville additionally makes for a lovely position to retire. The metropolis boasts a top livability ranking, many facilities for retirees, a low crime price, and a low value of dwelling. Kerrville has an general crime price that is 45% less than the nationwide common. It has a belongings crime price that is 48% less than the nationwide common, and a violent crime price that is 30% decrease.

As we discussed, Kerrville additionally has a low value of dwelling in comparison to each the remainder of the rustic and the remainder of Texas. The general value of dwelling is ready 7% less than the nationwide common, whilst the price of housing is ready 15% decrease.

Kerrville does have a couple of downsides, however they will not be an issue for retirees. The metropolis has a mean family source of revenue that is under the nationwide common, and its colleges even have subpar rankings.

Our Take

Texas has quite a few issues to supply its retirees, together with its low cost of living, low taxes, and heat climate. Overall, the state has a couple of disadvantages, together with its above-average crime price and below-average source of revenue. That being stated, each state has its downsides, and whilst you have a look at the traits of the towns on our listing, it is simple to peer why they make such interesting puts to retire.

The Bottom Line

Preparing for retirement is a part of your general monetary plan. You can take a couple of movements now to get your self on track.

  1. Download 65 Ways to Retire Smart, an actionable information with insights from fiduciary monetary advisors. The information is loose.
  2. Sign up for the Personal Capital Dashboard, Millions of other folks use those free and secure Professional-grade on-line monetary gear. You can use them to peer your whole accounts in a single position, analyze your spending, and plan for long-term monetary targets.
  3. Consider chatting with a fiduciary financial advisor for extra detailed steerage in your retirement saving methods.

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