Discover the 5 best cities in Texas to find a place for your retirement. The second-most populated state in the United States is a retirees destination, Texas. Low expenses, open spaces, warm weather, dynamic cities, vibrant college towns, attractive rural towns, and hundreds of unique active adult communities are just a few of the reasons.
Another significant advantage is the absence of state income taxes. According to a recent U.S. News survey of the 150 largest Metro areas as ideal retirement places, several cities in Texas provide plenty of job options for retirees wishing to start a second career as well as top doctors and hospitals that can help manage health concerns. Data on home affordability, happiness, desirability, retiree taxes, the job market, and access to decent health care were included in the study. Here are the best cities in texas to retire:
Best Cities in Texas to Retire
1. Austin
Population: 2,114,441
Share of population age 60+: 16%
Median monthly mortgage cost: $1,909
Median monthly rent: $1,273
Many individuals, even retirees, flock to Austin because of its robust employment market and unique, distinctive culture. The University of Texas—Austin is located in this state capital city, and seniors 65 and above can take up to six tuition-free credit hours per semester. Apple, Dell, and IBM, among others, have offices in the neighborhood. St. David’s Medical Center and Ascension Seton Medical Center Austin are two major health-care providers in Austin. Although housing in Austin is more expensive than in many other parts of Texas, seniors moving from more expensive places with equal amenities may be able to save money.
2. San Antonio
Population: 2,468,193
Share of population age 60+: 18%
Median monthly mortgage cost: $1,505
Median monthly rent: $1,024
San Antonio is one of the most rapidly rising cities in the United States. According to U.S. Census Bureau data, the metro area grew by 107,218 persons in the last decade. Methodist Hospital-San Antonio provides medical services.
For those on a tight budget, San Antonio might be the perfect spot to retire. The picturesque beauty of the Texas Hill Country can be enjoyed by retirees without having to worry about excessive housing costs. In 2015, UNESCO recognized the San Antonio Missions, including the Alamo, as a World Heritage Site.
3. Dallas
Population: 7,320,663
Share of population age 60+: 16%
Median monthly mortgage cost: $1,758
Median monthly rent: $1,139
According to the Census Bureau, Dallas and neighboring Fort Worth have been quickly attracting new people for the past decade. Relocation is inexpensive due to the low housing expenses. Baylor University Medical Center and UT Southwestern Medical Center are two major healthcare providers in the area. The Cowboys, Mavericks, Rangers, and Stars are just a few of the professional teams to root for, while those interested in the arts can volunteer and attend social events at the city’s various museums.
4. Brownsville
Population: 821,666
Share of population age 60+: 18%
Median monthly mortgage cost: $1,134
Median monthly rent: $733
Brownsville is on the southernmost part of Texas, near the Gulf of Mexico and Mexico’s Rio Grande border. Retirees from colder climes migrate to the area because of the low cost of living and accessibility to the beach. South Padre Island, a favorite beach destination for “winter Texans” who come to enjoy the moderate winter weather and Gulf Coast beaches, is just a short drive away. Locals may be able to see rockets launch into space from the SpaceX launch pad in South Texas.
5. El Paso
Population: 840,477
Share of population age 60+: 17%
Median monthly mortgage cost: $1,235
Median monthly rent: $837
El Paso is one of the most cost-effective retirement destinations in the United States. The median property price in this metro area is among the lowest in the country. This city in western Texas is located just over the Rio Grande from Ciudad Juarez, Mexico. The Franklin Mountains State Park, which spans 26,627 acres and is entirely within the city limits of El Paso, is the country’s largest urban park. Thousands of years ancient pictographs and petroglyphs created by Native Americans may be seen here.
Common Questions About Retiring in one of the cities in Texas
#1 What are some of the advantages of retiring in one of the cities in Texas?
Texas s a great place to retire! If you like the concept of cheap taxes and a low cost of living, Texas can help you stretch your fixed income further. In prosperous Texas towns like Houston and Dallas, retirees can also enjoy warm winters and fascinating cultural possibilities.
#2 In the cities in Texas, do retirees have to pay property taxes?
A property tax deferment or exemption for their primary house is available to retirees over the age of 65 or a surviving spouse who is at least 55 years old.
#3 In the cities in Texas, when do seniors stop paying property taxes?
Property taxes for principal residences can be deferred for anyone over the age of 65.
