Like Virginia Beach, Williamsburg has been ranked one of America's best retirement destinations. You can also stay healthy by making the most out of Williamsburgs many opportunities for exercise. Coming into McLean, the prices may be a bit to handle, but the education is fantastic here, and McLean seems to invest a lot into it. Read 118 reviews. You can find out more about him on LinkedIn or his website. South Carolina and Alabama (tie . Thats really my only issue, except. Current Resident: Abingdon is a very small town in southwest Virginia, with many activities and a lot of local charm. Clarke County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Virginia as a whole. Missouri Jefferson City eurobanks / Shutterstock Missouri's capital features historic charm and a fantastic downtown, with old architecture and trendy shops and eateries. Keep reading. Close to city and country living. It is very important to do your own analysis before making any decisions based on your own personal circumstances. In addition, Bedford offers sites like Thomas Jeffersons Summer home. With plenty of things happening at the town's art center, community theater, breweries, and restaurants, there's lots to enjoy in town. Heck, it's not lost on us that many of Virginia's best places to retire are also the state's safest places and some of the best places in Virginia to raise a family. A mix of urban life and nature make Idaho a scenic place to retire. If youre looking to retire in the great outdoors, Fairfax County may be the perfect place for you. And because Virginia is a tax-friendly state for retirees, it would behoove you to invest in tax-advantaged savings vehicles like a401(k) or individual retirement account (IRA). Heres a breakdown of the top 10 places to retire in Virginia. Money. 1. The median income of a Virginia household is $76,398.
Number of Hospitals Within 25 miles of the City: 2. Determining affordability for places in Virginia boils down to two factors: You need to understand your costs in the context of how much money you make to determine affordability. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. This left us with 38 places from across the state. I would want to see anti-bullying programs here. Read 68 reviews. HomeSnacks is reader-supported. Read 54 reviews. Another Washington, D.C. suburb, Alexandria is on the list of best places in Virginia for waterfront living. Featured Review: Current Resident says Wakefield is very small but it is quiet. Featured Review: Niche User says The area is generally peaceful and quiet. What's the average retirement income for 2022? Everyone here is very friendly, when they driver by they honk their horns, smile, and wave. @media(min-width:0px) and (max-width:299px){#div-gpt-ad-homesnacks_com-leader-1-0-asloaded{display:none!important}}@media(min-width:300px){#div-gpt-ad-homesnacks_com-leader-1-0-asloaded{max-width:336px;width:336px!important;max-height:280px;height:280px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'homesnacks_com-leader-1','ezslot_15',112,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-leader-1-0'); While its impressive that you can rent a place in Covington for under $600/month, thats not what lands Covington so high on this list. A bustling 65-plus population makes Abingdon one of the best towns in Virginia for retirees. The Cheapest Places to Live in Virginia | Rent. Blog Download our guide to help safeguard your retirement from economic shifts. This year's list of the 25 Best Places to Retire highlights places with affordable homes, low taxes and high ratings for happiness and health care quality. You can also visit the Smithsonian Air and Space Museum. Lovers of the great outdoors might prefer the beach or mountains, but big-city, suburban, and small-town options are also available. The 15 Best States to Retire With a Low Cost of Living - Business Insider If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already. Crozet is also pretty liberal. Census American Community Survey 2017-2021, You can download the entre cost of living data set for Virginia here, Median Home Price / Median Income (lower is better), Median Income / Median Rent (higher is better). Its proximity to the big city Phoenix makes Scottsdale a fantastic place for shopping, restaurants and entertainment. In Best Places Best places to retire in Virginia on a budget With the rich diversity that Virginia is famous for, the state offers numerous options for those who are ready to retire and open the next chapter in their lives. Lets get ready to explore the cheapest places in Virginia. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. The best city to retire in every state - MoneyWise Niche User: It's obviously not the best place in the world, with all the issues we have, but it's like every other place you would go. The state doesnt tax Social Security benefits. 118 Niche users give it an average review of 4.1 stars. Check out Big Stone Gap.The cost of living in Virginia is 8.9% higher than the US average. On the other hand, the median home price in Martinsville is $77,600, which makes the city the second most affordable place to buy a home in Virginia. Every year, the town hosts a handful of special events, including the Virginia Highlands Festival, which can trace its roots back to the 1980s. Danville is located in the south-central part of Virginia, on the border of North Carolina. Several local restaurants in every direction. The cheapest place to live in Virginia is Martinsville. Editors Note: Data has been updated for 2023. Considering recent tax reform and political efforts to make some changes permanent, it might be the best time to invest in a workplace retirement plan or a, Interested in retiring in Virginia, but not too familiar with it? For instance, you can hike more than 178 miles of trail among the George Washington National streams. What is the cheapest place to live in Virginia? Featured Review: Niche User says It's obviously not the best place in the world, with all the issues we have, but it's like every other place you would go. And when youre not appreciating history, you have vast pockets of nature to explore. The cheapest housing market in Virginia is Covington. There is also no crime, everyone knows just about everyone. Read 7 reviews. 40 Niche users give it an average review of 4 stars. The consent submitted will only be used for data processing originating from this website. 10 Cheapest Places To Live In Virginia [2023] - HomeSnacks Considering housing cost had average importance of 8.2 out of 10 for individuals . If you look at Bon Air on crime nexus or other reporting site, it has some of the lowest crime in Metro Richmond and Chesterfield.If were comparing accessibility, Bon Air is central to most of what youd want to see in and around Richmond. That depends on your budget and preferences. This small city in Central Virginia has receives high marks for its beauty and high quality of life. Want to know the other places in Virginia where you can live the retirement dream? Close to Route 7, Fairfax County Parkway, Baron Cameron, Sterling Blvd, Rt 28, and now two Silver Line metro stops. West Virginia. You then compare these cost of living metrics for each place in Virginia to figure out which is the least expensive. It is also growing rapidly with Grocers such as Wegmans, Lidls, Costco and Sams Club right on the border with other retail. We've been happy in Dranesville. Located in the south-central part of Virginia, South Boston is the eighth most affordable place in the state. Current Resident: Hollins virgins is a very nice place to live. Before you plan your VA retirement, though, take some time to look around at the many options the state has to offer.
"}}, {"@type": "Question", "name": "What is the cost of living in Virginia? The area is perhaps best known as home to Virginia Tech University, which gives you the amenities typically found in a college town without the chaos of the big city. Childcare costs $15,996 a year in Clarke County for two children compared to the Virginia average of $19,363. Close to Route 7, Fairfax CountyIt's a quiet area, mostly SFH with families. Current Resident: Prince George is a very diverse community of various age, race, background, education, and experiences. Some feature wildlife preserves and working farms. A financial advisor can help you create a financial plan for your retirement needs and goals. Virginia ranks quite well on many lists of places to retire. The following are the 15 safest and most peaceful places to live in Virginia, based on SafeWise's various formulas. 12 Niche users give it an average review of 3.3 stars. The 10 Most Affordable Cities in Virginia - NewHomeSource The town of Broadway came in as the #1 in Safest Places in Virginia according to SafeWise. I love being close to a lot of amenities -lots of food shopping options from Food Lion, Harris Teeter, Giant, Trader Joes, and loads of ethnic grocery stores. A bedroom community of Roanoke, Vinton ranks as the fifth cheapest place in Virginia.
"}}, {"@type": "Question", "name": "What is the cheapest housing market in Virginia? Top 10 Best Places to Retire in Virginia | Investment U Located in Alleghany County, Covington is the ninth cheapest city in Virginia. We and our partners use cookies to Store and/or access information on a device. SmartAssets services are limited to referring users to third party registered investment advisers and/or investment adviser representatives (RIA/IARs) that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Featured Review: Current Resident says A great place for our first home as newlyweds! So many beautiful homes! To help you narrow down your choices, SmartAsset compiled a list of the best places to retire in Virginia. Featured Review: Current Resident says My family and I recently purchased a wonderful home in the town of Hurt. Heres a list of, If you still want to spend your golden years in a place known for history and the great outdoors, consider the. What else could you possibly want? The best place to retire in Virginia is Martinsville. Crime is practically nonexistent.. Read 4 reviews B minus Overall Niche Grade C minus Public Schools A+ Good for Retirees Population 10,916 The area I live in is very safe. Housing costs, defined as a blend of the average rent and average mortgage payment, are $21,180 per year in Clarke County compared to $15,304 on average in Virginia. If you move to Pulaski, you wont know what people are talking about when they say that Virginia is one of the most expensive states in America. These 10 People In Virginia Are Ridiculously Rich Do You Know Them? The 15 Most Peaceful And Safest Places To Live In Virginia Clarke County has the lowest cost of living because it has relatively less expensive childcare and housing costs compared to Virginia as a whole. And one way to maximize the states tax benefits and Williamsburgs vast access to healthcare is by opening a health savings account (HSA). ", "acceptedAnswer": { "@type": "Answer", "text": "
Radford 8. FCPS have really declined in. Current Resident: Excellent community with many work and play options. As the site of several Civil War battles and the birthplace of George Washington, Virginia can also suit all you history buffs out there with its museums and monuments. Our new affordable community offers you the peace and comfort you deserve. You can download the entre cost of living data set for Virginia here. There are no guarantees that working with an adviser will yield positive returns. It is very accessible to all parts of the Richmond metro area, a short drive to Short Pump or downtown. We ended up sending our kids to a private one and a number of families in our housing area have done the same if they can afford it. Cost of Living + Rent Index: 51. Charlottesville is a ranked Best Places to Retire - Livability This Is the Most Affordable State To Retire In | The Motley Fool Fredericksburg, Virginia 22406. If your retirement requirements involve hiking through the Appalachian Mountains, soaking up the sun in Virginia Beach, and paying less in taxes, then Virginia is for you. The community is close-knit and overall, safety seems to be a priority for most. And presidential history buffs will be happy to know George Washington was born nearby. Enjoy life all over again! We feel like we lucked out.. Current Resident: Centrally located and accessible. Youll be able to enjoy overlooking Powell Valley without stressing about the bills thanks to Big Stone Gaps affordable housing. Population: 8,039Rank Last Year: 3 (Down 2)Home Price To Income Ratio: 2.6x (8th most affordable)Income To Rent Ratio: 73.6x (8th cheapest)More On Vinton: Real Estate|Crime Rate|Cost Of Living. Keep in mind, this list of the best places to retire in Virginia isnt in any particular order as they have all been recognized by various organizations and publications, not analyzed side-by-side. Living out your golden years in beautiful and diverse Virginia can be a dream come true. Big Stone Gap is located in the far western part of the state, near the Kentucky border. Retiring in Virginia Beach and Norfolk, Virginia: Life by the Sea And where are Virginia Beach and Chesapeake? For example, you can visit the South Boston-Halifax County Museum of Fine Arts and History as well as the Crossing of the Dan Exhibit. Retirables retirement calculator helps to project how much monthly retirement income your retirement nest egg can produce while ensuring your savings last as long as you need. 17 Niche users give it an average review of 3.6 stars. Population: 5,280Rank Last Year: 6 (Up 3)Home Price To Income Ratio: 2.5x (6th most affordable)Income To Rent Ratio: 86.0x (62nd cheapest)More On Big Stone Gap: Real Estate|Crime Rate|Cost Of Living. From its collection of historic buildings to the University of Virginia and proximity to beautiful mountains, Charlottesville, Va. , has much to offer as a retirement destination. Everyone here is very friendly, when they driver by they honk their horns, smile, and wave. The town also has plenty of museums dedicated to George Washington as well as the Civil War. Your funds are FDIC insured up to $250,000 through Blue Ridge Bank, N.A; Member FDIC. It's not in a major entertainment area, but incredibly close (aka short drive) to everything. It may even be among the best places for creatives. The median rent is $1,881 and the median home value is $563,100. This is our tenth time ranking the best places to retire in Virginia. @media(min-width:0px){#div-gpt-ad-homesnacks_com-medrectangle-3-0-asloaded{max-width:728px;width:728px!important;max-height:90px;height:90px!important}}@media(min-width:300px){#div-gpt-ad-homesnacks_com-medrectangle-3-0-asloaded{max-width:336px;width:336px!important;max-height:280px;height:280px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[336,280],'homesnacks_com-medrectangle-3','ezslot_2',143,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-medrectangle-3-0');Why did Warrenton take the top spot? My only issue is the schools. Buffalo, NY. Located roughly 50 miles from Roanoke, this city is best known for its wealth of outdoor adventures. In addition, you can find more than 40 retirement communities throughout Fredericksburg. 7 Niche users give it an average review of 4.3 stars. I love being close to a lot of amenities -lots of food shopping options from Food Lion, Harris Teeter, Giant, Trader Joes, and loads of ethnic grocery stores. There are many festivals held here annually, and there are several cute little coffee shops and. Current Resident: I've lived in various location in the Fairfax County and Loudoun County area. Looking to live in a cute foothills town? @media(min-width:0px){#div-gpt-ad-homesnacks_com-large-leaderboard-2-0-asloaded{max-width:250px;width:250px!important;max-height:250px;height:250px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'homesnacks_com-large-leaderboard-2','ezslot_13',111,'0','0'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0');@media(min-width:0px){#div-gpt-ad-homesnacks_com-large-leaderboard-2-0_1-asloaded{max-width:250px;width:250px!important;max-height:250px;height:250px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'homesnacks_com-large-leaderboard-2','ezslot_14',111,'0','1'])};__ez_fad_position('div-gpt-ad-homesnacks_com-large-leaderboard-2-0_1');.large-leaderboard-2-multi-111{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:10px!important;margin-left:auto!important;margin-right:auto!important;margin-top:10px!important;max-width:100%!important;min-height:250px;min-width:250px;padding:0;text-align:center!important}, Population: 8,350Rank Last Year: 15 (Up 8)Home Price To Income Ratio: 3.1x (19th most affordable)Income To Rent Ratio: 75.7x (36th cheapest)More On Abingdon: Real Estate|Crime Rate|Cost Of Living. Investing involves risk and past performance is not indicative of future results. You can also visit the Smithsonian Air and Space Museum. History buffs cant go wrong with Williamsburg, which is one of the oldest cities in the country. With a population of approximately 28,000 residents where 16.7% are of retirement age, Winchester is a perfect town to round up the list of best places to retire in Virginia. Current Resident: A great place for our first home as newlyweds! Featured Review: Current Resident says Crozet is great! But being in rural Virginia, there are definitely some more conservative people around. ", "acceptedAnswer": { "@type": "Answer", "text": " Increased spending increases the risk of depleting your savings and performance is not guaranteed. Most of Chesterfield Countys community events are also mostly localized in or very near Bon Air. Continue with Recommended Cookies. The town even hosts several fiddlers conventions. Still have questions about how to properly plan for retirement? Norfolk is a bustling seaside city with more than enough to keep the retired crowd busy. In addition, the local community college offers several continuing education opportunities for seniors. Bedford also houses several historical associations and museums. These can help add to a holistic retirement plan especially if you have a pension. There are many wonderful places to live in VA, and some of the safest cities in Virginia include: Thank you! Great schools, best walking trail, and surrounded by great neighborhoods and Tysons Read 21 reviews. 13 Cheap Places to Retire Without Breaking the Bank All of the following statistics were pulled from US Government Census reports. In total, we analyzed 38 cities and below is a list of Virginia's best. HomeSnacks is reader-supported. That represents a 6.43% hike year over year, but costs were flat in the last quarter. The cost of living in Virginia is 8.9% higher than the US average. Retiring in Virginia means beautiful landscapes and reduced taxes. And if you get injured along the way, Bedford offers nearly three medical facilities per 1,000 people. If you look at Bon Air on crime nexus or other reporting site, it has some of the lowest crime in Metro Richmond and Chesterfield. If youre a history buff, Bedford has some must-see destinations. I go to the high school in Crozet and I would guess it is around 98% white. As one of four cities in the eastern part of the state recognized for retirement advantages, Chesapeake gets high marks for affordability, activities, and healthcare. And when youre not parading, you can enjoy Abingdons many cycling and hiking trails. 2022 Retirable Inc. All rights reserved. The Most Affordable Places to Retire - U.S. News The study comes from Seniorly, a senior-living site. So its perfect for the person who also likes a vibrant city lifestyle. Well, now it almost feels like we are back. 25 Niche users give it an average review of 3.8 stars. Credit. Common activities include nearly year-round golf courses, kayaking, skiing, tubing, fishing and biking. Youll get all the amenities typically found in a touristy area, including plenty of restaurants and shopping. Wonderful dining, neighbors, and culture.. Current Resident: Ive lived in Bon Air for 3 years and it is a great place to live. Family friendly with great cultural opportunities in nearby DC. Read 11 reviews. Martinsville. 10 Best Cities to Retire in Georgia in 2023, 10 Best Cities to Retire in North Carolina in 2023. Have you looked at your bank account recently and thought to yourself, I really need to start saving more money, but dont know how? Readers Digest ranked it among the top 10 best small towns in America for retirees. Several local restaurants in every direction. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Retirable, Inc. ('Retirable') is an SEC registered investment advisor. Is Virginia a good place to retire? In addition, the state offers plenty of financial advantages to help you preserve your nest egg. Pros of Retiring in Virginia: Robust Economy: Topnotch Medical Facilities: Excellent Educational System: Low Crime Rate: Geographic Diversity: Politically Moderate: The Presence of Every Season: Excellent Public Transport: Happiness Is Ripe: Beautiful Scenery: Cons of Retiring in Virginia: Traffic Issues: High Tax Rates: Complex Laws: Nuclear . Scottsdale, Arizona Mark Skalny/Shutterstock Scottsdale, Arizona This community of more than 250,000 people offers gorgeous warm weather, beautiful parks and immaculate streets. In fact, Abingdons home price to income ratio is ranked 19th, making it accessible for many families. Love Virginia? We feel like we lucked out. Read 7 reviews. With a median income of $36,832 and a median rent of $685, Martinsville is the least economical place to rent on this list, which is why it isnt featured higher up. 1. Although the cost of living is higher than the national average, its still low when compared to other beachfront communities. The large 65-plus population means youll have plenty to do, including gatherings at community centers. Renters can find a two-bedroom apartment for as low as $850 per month. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. You have to drive 30 minutes to get into the city. More than 6,900 acres of national park and almost 21,000 acres of national forest surround this popular mountain destination. 12 Walkable Cities Where You Can Live Affordably - Redfin During the past few years, several organizations have recognized Winchester as a key retiree destination. The cheapest places to live in Virginia for 2023 are Galax, Big Stone Gap, and Pulaski. We found a nice, quiet neighborhood where nobody bothers us. Housing in Pulaski is super cheap when taken as a proportion of income, whether youre renting or buying. Banking services provided by Blue Ridge Bank N.A. For more information, see our Form ADV Part II and other disclosures. NEWSMAX Thursday, July 20, 2023 | John Bachman - Facebook Virginia as a state is pretty safe, so picking this lovely location to retire is a good choice. Louisiana. Provides auto-suggestions when entering text, Niche requires Javascript to work correctly. In order to compile this list, SmartAsset studied several factors that are important to retirees in Virginia, including healthcare access, the number of retirement-focused recreational centers and overall tax burden. The Cheapest States To Retire Mississippi Arkansas Oklahoma West Virginia Indiana Louisiana Kentucky Missouri Alabama Tennnessee Forget Florida and the west and east coasts. A one-bedroom apartment here sometimes goes for as cheap as $750 per month. Population: 13,476Rank Last Year: 4 (Down 2)Home Price To Income Ratio: 2.1x (2nd most affordable)Income To Rent Ratio: 53.8x (38th cheapest)More On Martinsville: Real Estate|Crime Rate|Cost Of Living. Average property price: $291,002. Rental costs went up less - 4.80% to $1,251 per month. 1. This region is known for its healthcare access. Danville. Most of the crime is centralized towards Jahnke road and East of Chippenham Hospital.