Thinking about retiring? Consider Chattanooga.
Recently, Tennessee earned a number-one spot among states considered prime retirement locations in a Bankrate.com study. Ranked by data such as climate, tax rates, cost of living and access to healthcare, Tennessee has a cost of living 9.6 percent below the national average.
Our state and local tax burden is the third lowest in the nation, with residents enjoying no income tax except on interest and dividends. State sales tax is 7 percent; 5 percent for food.
Tennessee has no state property tax. Property taxes are locally determined and collected.
Chattanooga’s median home value is $132,000.
From outdoor recreation to affordability to a location within a day’s drive of one-third of the U.S. population, Chattanooga boasts something for everyone.
Learn more about retiring in Chattanooga here.