If you’re thinking of
relocating for retirement
, you might be considering
Florida
or
Arizona
And you might not be considering Wyoming. However, it’s worth giving some thought to since it boasts numerous attractions.
We can begin with its spectacular natural scenery. For one thing, it boasts the Grand Teton National Park. People fond of hiking, biking, hunting, fishing, or skiing will find plenty to do. Additionally, the state features a notably low crime rate.
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Wyoming has been ranked as the 10th best state for retirement by Bankrate.com, excelling in terms of affordability yet performing poorly regarding climate conditions. Winter seasons within the state often feature harshly snowy climates coupled with extremely frigid temperatures. According to data from the World Population Review, Wyoming’s general cost of living stands at approximately 93 percent of the nationwide benchmark—with accommodations being notably less expensive than most areas across the country. The
typical home price
In Wyoming, the recent price was $348,066 — nearly matching the national average — although significantly more affordable housing options may be available based on which part of the state you consider.
Car insurance
Meanwhile, the average amounts to $2,393 per year, roughly $624 less than typical.
Wyoming performs admirably regarding taxation. It does not impose state income tax, and additionally, it lacks
estate tax
, either.
Senior citizens, understandably, often place great importance on
healthcare
, and Wyoming performs moderately without standing out significantly on this metric, ranking as the 29th best state nationally for elder care according to MedicareGuide.com.
Keep in mind that Wyoming boasts abundant wildlife yet has relatively few inhabitants. Should the energy of large metropolitan areas appeal to you more, perhaps consider another location. The state encompasses extensive stretches of countryside along with several smaller towns—however, compared to other regions, it offers fewer cultural amenities like museums, theaters, and art galleries.
It’s wise to dedicate at least several months to living in any place you’re considering, ensuring it suits your lifestyle well.
your overall retirement plan
.
The $
22,924
The Social Security benefit many seniors fail to notice.
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22,924
More every year! After mastering strategies to optimize your Social Security benefits, we believe you can retire with confidence and achieve the peace of mind everyone seeks.
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.
