If you’re thinking about relocating for retirement, you should consider the benefits of choosing Texas. Texas offers lower taxes, a lower cost of living, and lower average rent prices than other states throughout the country. If you’re looking to move to a place bustling with entertainment, food, and music, Texas should be at the top of your retirement list- and here are seven reasons why.
1. Your Taxes May Be Lower
Texas offers some of the lowest taxes and best tax breaks in the country. Texas doesn’t have a state income tax, meaning Social Security, 401(k), IRA, and employment income aren’t subject to state income tax. The sales tax throughout the state is set at 6.25 percent, and local cities and counties can add up to an additional two percent, capping the combined rate at 8.25 percent. Unprepared groceries like bread, milk, produce, and meat, as well as medication are exempt from state taxes, helping you save money while living in the Lone Star State.
2. The Cost of Living Is Lower, Too
Day-to-day expenses are important to keep track of, even in retirement. Thankfully, in Texas, the cost of living and average rent prices are below the national average. Take the capital city, Austin, for example: the cost of living is four percent lower than the national average, healthcare costs are 8.2 percent lower, and grocery costs are 4.5 percent lower. In addition, the average monthly rent in Austin is $1,420 per month and has decreased year over year. Whether you’re looking for more affordable housing or groceries, Texas combines the best of both savings.
3. Fairs Are an Important Part of Texas Culture
The State Fair of Texas is one of the most exciting annual events in the state. The fair attracts over two million people over 24 days and offers activities such as the Texas Star Ferris Wheel, Texas’ famous deep-fried food scene, and the 55-foot iconic cowboy statue known locally as Big Tex. If you’re looking for a one-of-a-kind Texas experience, the State Fair of Texas delivers.
4. Texas Is Home to Many Musical Acts
Austin has been dubbed the “Live Music Capital of the World,” offering a vibrant music scene with venues and festivals throughout the year. Musical legends across genres have come out of the great state of Texas. Willie Nelson, George Strait, Beyoncé, and Janis Joplin are just a few iconic artists with Texas roots. Whether you want to hear the classic Texas honky-tonk or are looking for soulful R&B, Texas offers something for every music lover.
5. Texas Is a State Brimming with Culture
Because of the sheer size of Texas, you’ll find culture varies from area to area. For example, if you live in East Texas, be prepared for a traditional southern experience. Think barbecue, pick-up trucks, and sunny days. South Texas spans San Antonio, Corpus Christi, the Rio Grande Valley, and the Gulf Coast. Of course, metro areas like Houston and Dallas offer more entertainment and city life. No matter what kind of environment you’re looking for in retirement, Texas has no shortage of cities to choose from.
6. You’ll Get Roped into Rodeos
Rodeos and other outdoor adventures are an important part of Texas’s charm. A uniquely Southwestern experience, cowboys remain an important part of the state’s culture and economy. The oldest rodeo, the Fort Worth Stock Show & Rodeo, started in 1896. Now, more than 2.5 million people attend the Houston Livestock Show and Rodeo every year, and the San Antonio Stock Show features more than 650 vendors. Texas boasts some of the most unique entertainment in the country.
7. Tex-Mex Food Is a Standout Style
Tex-Mex is a regional cuisine that blends Mexican cooking with American and Texan cooking. This unique blend of Mexican and Spanish food began when Texas was part of New Spain, from 1690 until around 1821, then part of Mexico between 1821 and 1836. With a storied history and food culture influenced by many countries, popular Tex-Mex ingredients include cheddar cheese, ground beef, black beans, peppers, onions, and fresh vegetables. A move to Texas means Tex-Mex dishes are easily accessible and always nearby.
Find the Right Texas Community for Your Retirement
With over 9,000 listings to browse, Apartments.com is the best place to find your senior housing in Texas. Whether you’re looking for a convenient apartment community or a small single-family home, you are sure to find the right place for you on Apartments.com. Start your search today!
FAQs
Is Texas a good state to retire in?
Texas can be a good retirement destination for people seeking no state income tax, relatively affordable living options, warm weather, diverse cities, and abundant entertainment. However, housing costs, property taxes, healthcare access, and climate risks vary by location.
Is Texas an affordable state to retire in?
Many areas of Texas offer housing and everyday expenses below those found in more expensive parts of the country. Costs vary significantly by city, so retirees should compare housing, healthcare, transportation, insurance, and property taxes before choosing a location.
What are the best places to retire in Texas?
The best place to retire in Texas depends on your budget, preferred climate, access to healthcare, and desired lifestyle. Some popular retirement areas include the Dallas-Fort Worth area, San Antonio, Austin, and Houston.
