9 Greatest Locations to Retire on the East Coast

Port St. Lucie, Florida

“Port St. Lucie is proud to be the sixth-largest metropolis in Florida, with practically 250,000 residents calling our vibrant neighborhood residence,” Port St. Lucie’s mayor, Shannon Martin, tells Journey + Leisure. “Nestled on the attractive Treasure Coast, our metropolis serves because the financial heartbeat of the area … We’re constantly ranked among the many finest locations to reside within the nation, celebrated for our ethnic variety, excessive homeownership charges, and as a prime retirement vacation spot,” she provides, additionally touting the town’s low crime fee. “For greater than a decade, we’ve ranked because the most secure massive metropolis in Florida and one of many most secure within the nation.”

Situated on Florida’s Atlantic coast, about 110 miles north of Miami, Port St. Lucie is residence to greater than 20 miles of pristine seashores, most with free admission and parking plus handy facilities. With a free nature and wildlife digital move, wildlife recognizing, mountain climbing trails, and botanical gardens are accessible. Museums, artwork galleries, workshops, and performances are among the many cultural alternatives within the space. A variety of senior dwelling developments can be found, too, and the typical residence worth, in response to Zillow, is $401,544.

Florida has no state earnings tax, so pensions, IRA and 401(okay) earnings, and Social Safety will not be taxed, a bonus over most different states. There’s no inheritance or property tax, and each property and gross sales taxes are akin to the nationwide common.

St. Simons, Georgia

The most important barrier island in Georgia’s Golden Isles, St. Simons is positioned on the coast, about 85 miles south of Savannah. “St. Simons Island is an excellent place to boost a household and retire. We rely ourselves blessed to reside right here,” says Jennifer Klonoski, neighborhood relations director at Magnolia Manor, a retirement neighborhood.

For Frances Woods, a retiree and Magnolia Manor resident, it is the “lovely seashores, retailers, actions, golf programs, great eating places, bike trails, nice leisure, and pleasant folks” that drew her to St. Simons Island. And in response to Emilyn Clark, a seven-year Magnolia Manor resident, “Retirement on St. Simons Island is like dwelling in a small neighborhood. All of the residents are very pleasant.”

Area of interest ranks St. Simons because the second-best place to retire in Georgia. The retiree-friendly state doesn’t tax Social Safety. Different forms of retirement earnings (curiosity, dividends, capital good points, royalties, pensions, and annuities) are taxable, however there’s a deduction of $65,000 per particular person for residents 65 and older (and a $35,000 per particular person deduction for many who are 62 to 64).

Georgia has no property or inheritance taxes, and householders ages 62 and older could qualify for homestead exemptions on property taxes for his or her main residence. Gross sales and property tax charges are thought-about average.

Myrtle Seaside, South Carolina

“Myrtle Seaside is greater than only a trip vacation spot; it’s a vibrant place to reside with 14 distinctive communities providing a high quality of life that’s exhausting to beat. With 60 miles of lovely shoreline, a light local weather year-round, and a thriving native economic system, it’s no surprise households select to name Myrtle Seaside residence,” says Karen Riordan, Go to Myrtle Seaside president and CEO.

Right here, guests and locals are handled to world-class golf, loads of eating and leisure choices, and welcoming Southern hospitality. “Guests are sometimes so enchanted by Myrtle Seaside’s attraction that they determine to make this lovely place their everlasting residence,” Riordan provides.

Thought of a retirement-friendly state, South Carolina doesn’t tax Social Safety. Different forms of retirement earnings are taxable, with a $10,000 deduction, at a marginal state fee of three %. Property taxes are a number of the lowest within the nation. South Carolina doesn’t levy property or inheritance taxes.

Area of interest notes a median residence worth of $287,900 in Myrtle Seaside. From non-public houses to high-rise condos, the town provides a spread of locations to reside at a wide range of worth factors.

Carolina Seaside, North Carolina

“The attraction of this coastal neighborhood is among the many many causes retirees select to relocate to Carolina Seaside,” says Carolyn Glaser of Intracoastal Realty, who additionally calls out the vacation spot’s near-perfect climate, lovely seashores, quaint marinas, oceanfront seafood eating places, and 11-acre freshwater Carolina Seaside Lake, which is right for fishing. “A nature lover’s paradise, Carolina Seaside State Park hosts the county’s highest elevation mountain climbing path, in addition to a marina and campsites.  A whole bunch of resident and migrating hen species make Carolina Seaside’s Fort Fisher State Recreation Space their residence, as do loggerhead turtles that nest on the island yearly.”

In different phrases, you will not have to depart the island to search out actions that cater to all pursuits. Guests, particularly the grandchildren, will discover a lot to do, from the Carolina Seaside Pier to the North Carolina Aquarium at Fort Fisher to the world-famous Britt’s Donuts Store.

“Low property and gross sales taxes, in addition to a rising however reasonably priced housing market, make Carolina Seaside a fascinating and prudent vacation spot for retirees,” Glaser says. A comparatively tax-friendly state for retirees, North Carolina exempts Social Safety retirement advantages from earnings taxes. Different types of retirement earnings are taxed on the North Carolina flat fee of 4.75 %, and the state’s property and gross sales taxes are each average.

Virginia Seaside, Virginia

“Virginia Seaside provides retirees coastal tranquility and infinite leisure choices,” says Nancy Helman, director of Virginia Seaside Conference and Guests Bureau. “The vacation spot’s lovely seashores, state parks, and biking trails, coupled with its inclusive neighborhoods and thriving arts and culinary scene, set the stage for retirees to get pleasure from a very fulfilling and enriching life-style.”

Virginia Seaside’s three-mile boardwalk contains a separate bike path, eating places, retailers, and leisure. There’s additionally the Sandler Middle for the Performing Arts, an area theater, and artwork galleries.

Whereas Social Safety earnings will not be taxed in Virginia, different forms of retirement earnings, like pensions and IRA and 40l(okay) withdrawals, are taxable with a deduction of $12,000 for seniors. Property and gross sales tax charges in Virginia are low, and most cities and cities provide property tax reduction for retirees over the age of 65, with the quantity based mostly on earnings and property worth.

In response to BestPlaces, the price of dwelling in Virginia Seaside is about 5 % larger than the nationwide common. As the positioning reads, “Householders can discover numerous housing choices, starting from single-family houses to luxurious condominiums — whereas renters even have entry to extra enticing offers these days.”

Surf Metropolis, New Jersey

Situated on Lengthy Seaside Island, Surf Metropolis is a city with year-round and summer-only residents. Marcus Pinto, a full-time resident, realtor, and principal with Compass, commented on the realm’s sense of neighborhood and thriving artwork, tradition, and restaurant scenes: “Surf Metropolis is a super-walkable city. You’re one block from the seashore and one block from the bay. With residents dwelling right here year-round, there are extra locations to dine, store, and issues to do.”

Pinto predicts Lengthy Seaside Island may very well be the following Blue Zone. “I play pickleball with residents nicely into their 80s — they’re wholesome, lively, and maintaining with a lot youthful gamers.” Pinto additionally factors out the island is accessible, only one mile from the New Jersey mainland.

In response to Area of interest, the median residence worth in Surf Metropolis is $884,000. Social Safety in New Jersey will not be taxed, and state earnings taxes are low for any retirees with earnings from retirement accounts and pensions beneath $75,000 for single filers or $100,000 for joint filers. Nonetheless, property taxes in New Jersey are a number of the highest within the nation.

Lewes, Delaware

Situated the place the Delaware Bay and Atlantic Ocean meet, Lewes is a scenic ferry experience from Cape Could, the southernmost level of New Jersey. With a walkable downtown, a summer season farmers market, eating places, boutiques, and vintage retailers, Lewes is a welcoming neighborhood with a inhabitants simply over 3,000 and a median residence worth of $676,000 in response to HomeSnacks.

T+L spoke to Grace Hoinowski of residence constructing firm Schell Brothers, who talked about Delaware’s tax benefits and total low price of dwelling have been attracting new residents, together with distant employees and retirees. “The world was as soon as seasonal, however over the previous 10 years, extra guests have turn out to be full-time residents. The rising neighborhoods imply extra companies, facilities, eating places, medical specialists, and improved infrastructure,” Hoinowski notes. She additionally factors out the realm’s Native American historical past, walkable downtown, proximity to the seashore, and classic Victorian houses.

Delaware is a tax-friendly state for retirees. It is considered one of simply 4 with no state or native gross sales tax, and it has a number of the nation’s lowest property tax charges. As well as, seniors over the age of 65 could qualify for some property tax reduction, relying on their earnings and the worth of their property. There’s no property or inheritance tax, and Delaware doesn’t tax Social Safety advantages. Revenue from pensions, IRAs, and 401(okay)s is partially taxed.

Stony Brook, New York

Situated on the north shore of Lengthy Island, alongside the Lengthy Island Sound, Stony Brook is an interesting city for retirees. In Stony E-book’s Village Middle, the Lengthy Island Music and Leisure Corridor of Fame celebrates Lengthy Island’s music heritage, and the Stony Brook Grist Mill, courting to the 18th century, acknowledges the realm’s historical past. The Lengthy Island Museum options artwork, historical past, and shows of early carriage transportation. Stony Brook College is a part of the neighborhood, a profit for retirees for well being care and cultural alternatives.

Area of interest states the median residence worth in Stony Brook as $576,800. The Lengthy Island Sound seashores are lovely — and sure, stony moderately than sandy. A two-hour experience on the Lengthy Island Rail Highway takes residents to Penn Station in Manhattan for the theater, eating places, museums, and different leisure. An hour’s drive east, the wineries of the North Fork welcome guests for tastings, and farms present contemporary seasonal produce.

New York doesn’t tax Social Safety earnings, a plus for retirees within the in any other case excessive tax state. As well as, earnings from pensions and retirement, whereas taxable, is exempt for as much as $20,000 a 12 months. Property and gross sales taxes are excessive in New York, and the state levies a tax on estates.

Portsmouth, New Hampshire

Situated on New Hampshire’s coast, Portsmouth provides a historic downtown, seashores, parks, museums, nightlife, and a scenic waterfront. Town, settled within the early 1600s, is listed as a “Distinctive Vacation spot” by the Nationwide Belief for Historic Preservation, notable for its “stimulating mixture of historic buildings, sidewalk cafes, nice eating places, artwork galleries, jazz golf equipment, and distinctive artisans’ boutiques.”

Area of interest calls the town the most effective locations to reside in New Hampshire, with a median residence worth of $594,000.

Native realtor Barbara Dunnington tells T+L that Portsmouth is a stunning metropolis, widespread with retirees who get pleasure from summer season live shows, the theater, eating places, and exploring the realm’s historical past at Strawbery Banke Museum, with guided excursions of historic houses.

In response to Dunnington, “Portsmouth is a superb place to reside, however property within the space is pricey, and rents are excessive.” For retirees who discover Portsmouth reasonably priced, the town provides a vibrant, walkable downtown, a full of life waterfront, and a wide range of cultural alternatives.

Whereas there isn’t any state tax on private earnings from salaries, Social Safety, pensions, or retirement accounts, New Hampshire does have a number of the highest property taxes within the U.S., in response to SmartAsset. There is a 5 % tax on curiosity and dividends better than $2,400 ($4,800 for joint filers), however that is being phased out by January 2027, with declining charges till then. New Hampshire additionally has no gross sales, property, or inheritance taxes.