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 almost 250,000 residents calling our vibrant group residence,” Port St. Lucie’s mayor, Shannon Martin, tells Journey + Leisure. “Nestled on the gorgeous Treasure Coast, our metropolis serves because the financial heartbeat of the area … We’re constantly ranked among the many finest locations to dwell within the nation, celebrated for our ethnic range, excessive homeownership charges, and as a prime retirement vacation spot,” she provides, additionally touting the town’s low crime charge. “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 cross, wildlife recognizing, mountaineering trails, and botanical gardens are accessible. Museums, artwork galleries, workshops, and performances are among the many cultural alternatives within the space. A lot of senior dwelling developments can be found, too, and the typical residence worth, in keeping with Zillow, is $401,544.

Florida has no state earnings tax, so pensions, IRA and 401(okay) earnings, and Social Safety should not 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 situated on the coast, about 85 miles south of Savannah. “St. Simons Island is an excellent place to lift a household and retire. We depend ourselves blessed to dwell right here,” says Jennifer Klonoski, group relations director at Magnolia Manor, a retirement group.

For Frances Woods, a retiree and Magnolia Manor resident, it is the “stunning seashores, outlets, actions, golf programs, great eating places, bike trails, nice leisure, and pleasant folks” that drew her to St. Simons Island. And in keeping with 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 sorts of retirement earnings (curiosity, dividends, capital beneficial properties, 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 individuals 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 major residence. Gross sales and property tax charges are thought of reasonable.

Myrtle Seaside, South Carolina

“Myrtle Seaside is greater than only a trip vacation spot; it’s a vibrant place to dwell with 14 distinctive communities providing a high quality of life that’s laborious to beat. With 60 miles of lovely shoreline, a gentle local weather year-round, and a thriving native financial 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 appeal that they determine to make this stunning place their everlasting residence,” Riordan provides.

Thought-about a retirement-friendly state, South Carolina doesn’t tax Social Safety. Different sorts of retirement earnings are taxable, with a $10,000 deduction, at a marginal state charge of three %. Property taxes are among 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 personal properties to high-rise condos, the town gives a spread of locations to dwell at quite a lot of value factors.

Carolina Seaside, North Carolina

“The appeal of this coastal group 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, stunning 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 mountaineering path, in addition to a marina and campsites.  A whole bunch of resident and migrating chook 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 go away the island to seek out actions that cater to all pursuits. Guests, particularly the grandchildren, will discover lots 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 inexpensive 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 charge of 4.75 %, and the state’s property and gross sales taxes are each reasonable.

Virginia Seaside, Virginia

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

Virginia Seaside’s three-mile boardwalk incorporates a separate bike path, eating places, outlets, and leisure. There’s additionally the Sandler Heart for the Performing Arts, a neighborhood theater, and artwork galleries.

Whereas Social Safety earnings is just not taxed in Virginia, different sorts 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 supply property tax reduction for retirees over the age of 65, with the quantity primarily based 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 location reads, “Householders can discover numerous housing choices, starting from single-family properties 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 group 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 could possibly be the subsequent Blue Zone. “I play pickleball with residents effectively 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 is just not taxed, and state earnings taxes are low for any retirees with earnings from retirement accounts and pensions under $75,000 for single filers or $100,000 for joint filers. Nonetheless, property taxes in New Jersey are among the highest within the nation.

Lewes, Delaware

Situated the place the Delaware Bay and Atlantic Ocean meet, Lewes is a scenic ferry journey from Cape Might, the southernmost level of New Jersey. With a walkable downtown, a summer time farmers market, eating places, boutiques, and vintage outlets, Lewes is a welcoming group with a inhabitants simply over 3,000 and a median residence worth of $676,000 in keeping with HomeSnacks.

T+L spoke to Grace Hoinowski of residence constructing firm Schell Brothers, who talked about Delaware’s tax benefits and general low price of dwelling have been attracting new residents, together with distant staff and retirees. “The world was as soon as seasonal, however over the previous 10 years, extra guests have change into full-time residents. The rising neighborhoods imply extra providers, 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 properties.

Delaware is a tax-friendly state for retirees. It is one in every of simply 4 with no state or native gross sales tax, and it has among 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. Earnings 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 Heart, 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 group, a profit for retirees for well being care and cultural alternatives.

Area of interest states the median residence value in Stony Brook as $576,800. The Lengthy Island Sound seashores are stunning — and sure, stony fairly than sandy. A two-hour journey 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 yr. 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 gives a historic downtown, seashores, parks, museums, nightlife, and a scenic waterfront. The 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 dwell in New Hampshire, with a median residence worth of $594,000.

Native realtor Barbara Dunnington tells T+L that Portsmouth is a stunning metropolis, fashionable with retirees who take pleasure in summer time concert events, the theater, eating places, and exploring the realm’s historical past at Strawbery Banke Museum, with guided excursions of historic properties.

In response to Dunnington, “Portsmouth is a good place to dwell, however property within the space is dear, and rents are excessive.” For retirees who discover Portsmouth inexpensive, the town gives a vibrant, walkable downtown, a full of life waterfront, and quite a lot of cultural alternatives.

Whereas there is not any state tax on private earnings from salaries, Social Safety, pensions, or retirement accounts, New Hampshire does have among the highest property taxes within the U.S., in keeping with SmartAsset. There is a 5 % tax on curiosity and dividends larger 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.