Do you want the amenities of a big city without the traffic and high cost of living? Consider retiring to a college town. College towns offer plays, concerts, sports and great food, plus the opportunity to keep your mind engaged through no-cost or low-cost university courses. Plus, you’ll have access to high-quality health care, often through hospitals associated with the university. Most of the college towns on our top 10 list are also located in tax-friendly states and have a low cost of living.
Consider, for example, Oxford, Mississippi. The home of Ole Miss is a hub of culture and college sports. It’s also a magnet for book lovers, who can mingle with famous authors at Square Books, a world-renowned independent bookstore. Property taxes are low and retirement income is exempt from Mississippi state taxes. Use the savings to splurge at the dozen or so delicious restaurants in The Square, the heart of Oxford.
A popular retirement haven for lovers of the great outdoors is Boise, Idaho, home to Boise State University. Boise offers a 25-mile bike and pedestrian path, and you don’t have to venture far to find some great hiking trails. Boise State’s football and basketball teams are popular with locals, and the city also has a minor league baseball team, the Boise Hawks. Idaho is a tax-friendly state for retirees and is served by two major medical centers.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Florida is also a tax-friendly state for retirees, and Gainesville, home to the University of Florida, has a lot to offer people who don’t mind living a couple of hours from the ocean. Residents 60 and older can enroll in college courses at no cost if space is available. In addition, the Institute for Learning in Retirement at Oak Hammock, which is affiliated with the university, offers an extensive roster of courses. Gainesville also offers 13 museums and galleries and a thriving downtown.
Take a look at the complete list of 10 top college towns for retirement .
-
Take Charge of Retirement Spending With This Simple StrategyTo make sure you're in control of retirement spending, rather than the other way around, allocate funds to just three purposes: income, protection and legacy.
-
Here's How To Get Organized And Work For YourselfWhether you’re looking for a side gig or planning to start your own business, it has never been easier to strike out on your own. Here is our guide to navigating working for yourself.
-
How Big Should My Emergency Fund Be?Brandon Copeland NFL linebacker and Kiplinger contributing editor Brandon Copeland discusses the importance of building an emergency fund.
-
Homeowners Insurance: How to Protect Your HomeBrandon Copeland NFL linebacker and Kiplinger contributing editor Brandon Copeland discusses the ins and outs of homeowners insurance.
-
The "Real" Cost of Buying a CarBrandon Copeland Atlanta Falcons linebacker and Kiplinger contributing editor Brandon Copeland illustrates how car prices are far more than meets the eye.
-
How to Plan a Budget-Friendly Family VacationBrandon Copeland Atlanta Falcons linebacker and Kiplinger contributing editor Brandon Copeland provides tips on how to go on vacation without breaking the bank.
-
The Great Resignation: How to Quit Your Job With ConfidenceBrandon Copeland Atlanta Falcons linebacker and Kiplinger contributing editor Brandon Copeland provides tips on how to properly quit your job and upgrade your career.
-
How to Achieve Your 2022 New Year's ResolutionsBrandon Copeland You've already made your New Year's resolutions. Atlanta Falcons linebacker and Kiplinger contributing editor Brandon Copeland explains how you can stick with them and accomplish them.
-
Santa's End-of-the-Year Finance TipsBrandon Copeland Atlanta Falcons linebacker and Kiplinger contributing editor Brandon Copeland shares a few ways you can improve your finances before 2022 gets here.
-
Planning Your Child's Financial FutureBrandon Copeland Atlanta Falcons linebacker and Kiplinger contributing editor Brandon Copeland talks about ways to set your child up with a strong financial foundation.
