If you’re thinking about moving to Tennessee but aren’t fully convinced yet, allow us to help you make your decision easier.
Tennessee is home to great music, beautiful scenery, and thriving cities with plenty of entertainment. The Volunteer State has plenty of fine arts and history museums highlighting the state’s rich history and culture. And its natural attractions are considered some of the best in the southeast according to outdoor enthusiasts.
But there are plenty other reasons Tennessee is one of the best places to retire.
Taxes
If you’re living on a budget, every one of Tennessee’s major major metro areas offers below-average living costs, according to the Council for Community and Economic Research. This includes health care, which is typically the biggest financial concern for active adults. And when it comes to state income tax, there is none. That’s right. So any salaries, wages, Social Security benefits, IRA distributions, and pension income are not taxed on a state level. And in 2016, Tennessee stopped imposing its inheritance tax, while there is no longer an estate tax in the state, either.
Climate
Though it tends to vary throughout the state at times, Tennessee’s climate is generally considered to be moderate with four distinct seasons, In Autumn, you’ll experience plenty of scenic fall foliage. In the winter, temperatures will get colder and you might even see some snow. Spring brings about warmer temperatures with all sorts of local flowers and plants blooming.
Summer is when it gets the hottest and most humid, with temperatures sometimes getting as high as in the 90s. If you’re a fan of the four seasons but want to avoid a frigid winter, Tennessee is a good option.
