Tags: Retirement | retirement | Idaho | affordable places

Most Affordable Places for Retirees in Idaho

By    |   Thursday, 04 Jun 2015 12:14 PM

Retirement in Idaho has become an ideal prospect for future retirees from all over the United States. This is primarily due to the state's consistently high ratings in "best places to retire" surveys in recent years. In a 2014 survey, Forbes.com ranked Idaho's capital, Boise as 8th among the best places to retire for the year. Forbes cites Boise's low crime rate, walkability, and good climate as among the reasons why the city is a good place to retire.

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Apart from having an ideal climate and excellent opportunities for outdoor oriented activities, Boise is also one of the most affordable retirement destinations in Idaho. With a population of slightly above 200,000 as of 2014, the mid-sized city has a cost of living index of 91 to 100, which is slightly below the national average. The average home price in the city is from $100,000 to $200,000 with a median price of $175,000 dollars, according to the National Association of Realtors as reported by TopRetirements.com

Some 10 miles west of Boise is the city of Meridian, which is another ideal place for those who are seeking affordable retirement in Idaho. Although it is the third largest and fastest growing city in Idaho, it still only has a population of 75,000. Meridian is also close to Idaho's mountains, which presents a slew of outdoor recreational activities.

The city of Meridian, like Boise, offers similar retirement conditions, provisions, and cost of living for retirees. Meridian also has dry summers, low crime rate, and its proximity to the mountains makes the city ideal for retirees who love the outdoors. The city has a cost of living index of 91 to 100 and the average home price runs from $100,000 to $200,000. Just like Boise, Meridian's Annual Property Tax on a house valued at $200,000 is only $2,000.

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For retirees who are working on a tight budget, Driggs by far offers one of the most affordable retirement opportunities in Idaho. Driggs is a quaint little town with a population of only 1,600 located on the southeastern border of Idaho. Nestled within the Teton Valley, artists flock to the town to paint its scenery. With a very low crime rate, Driggs is a very walkable community.

Unlike Boise and Meridian, Driggs has a colder climate with average temperatures in January ranging from 0 to 20 degrees. This, however, presents different outdoor recreation options such as snow sports in ski resorts, which are within a few miles from the town. The cost of living index in Driggs is low at 81 to 90 and the median sale price of a house is $160,000 in 2013, according to City-data.com.

According to the U.S. Census Bureau, most of Americans who flock to Idaho come from California, Washington and Oregon. Most of these people are retired or are near-retirement age. This trend is also proving to be beneficial to the state as it creates more jobs as retirees consume services.

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Retirement in Idaho has become an ideal prospect for future retirees from all over the United States. This is primarily due to the state's consistently high ratings in best places to retire surveys in recent years.
retirement, Idaho, affordable places
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2015-14-04
Thursday, 04 Jun 2015 12:14 PM
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