Savannah has made the Forbes list as one of the top places in the U.S. to retire in 2021. In its new publication this month, the popular magazine has named the Hostess City on its short list of 24 locations across the country.
The last time this happened, it was Navy Federal Credit Union naming Savannah#3 out of the top ten cities to retire after you’ve retired from your military service.
In the article, Forbes mentioned Savannah as a “well preserved city.”
It said our median home price is at $203,000, which is 38% below national average with a cost of living at 17% below national average.
It also listed the pros of choosing Savannah as your place to spend your retirement, including good air quality, a comfortable climate, adequate doctors per capita and Social Security plus up to $65,000 per person of retirement income exempt from state income tax.
It also came to the conclusion that Savannah is home to a so-so economy, and possesses only a moderate FEMA natural hazards risk with a low climate change risk.
Savannah was in good company on the Forbes list, which, among others, included Asheville, NC, Clearwater, FL, Beaufort, SC, College Station , TX, Fargo, ND, Green Valley, AZ and Pittsburgh, PA.
Forbes explained their methodology on how they came up with the list in great detail. Some of the things taken in to consideration when they compared data on nearly 800 places, with populations above 10,000, in all 50 states, were, money, including median home prices and overall cost of living compared to the national average, and state taxes, including special income tax exemptions for Social Security and other retirement income and state estate/inheritance taxes.
Forbes also took into consideration the local economy, since many retirees look for part-time work and down the road might want to sell their home and relocate again. Since living well is just as important as living affordably, Forbes looked at a number of quality of life indicators, including the rate of violent crime, physicians per capita and air quality.