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Most Affordable Places for Retirees in Indiana

By    |   Thursday, 04 Jun 2015 05:09 PM

If you want to spend your golden years in the Hoosier state, the winters may be cold, but the low cost of living may warm you up to the idea of retiring in the heartland. So where are the most affordable places for retirees in Indiana? Here are three towns that make the list:

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  1. Bloomington - 
If a college town with a low cost of living appeals to you, consider Bloomington, home to Indiana University. It may be "Midwestern modest," but Bloomington, about 50 miles southwest of Indianapolis, serves up sophistication with a side of Americana charm. It has a thriving arts scene and international dining, right next to pizza joints and Big Ten sports bar dives. In 2012, Forbes magazine named it one of the "Top 25 Places to Retire" because of its good economic record, average cost of living, average home price and low crime rate. Bloomington was also on AARP magazine's 2011 list of "10 Great Small Cities for Retirement." AARP noted Bloomington's opportunities for outdoor lovers (including golf, hiking, and canoeing) and for arts enthusiasts, given the proximity to the university's prestigious Jacobs School of Music.
  2. Columbus
 - For architecture buffs, this seat of Bartholomew County may be worth calling home. In a story rating the nation's historic places, National Geographic Traveler magazine noted its "world-class collection of modern architecture by master architects," its charming downtown historic district and its "authentic, unique, and unspoiled" buildings for making it a destination worth visiting. It's also topping lists for retirees. With its population of about 44,000, median home cost of $142,600 and lower-than-average cost of living, the financial information website MarketWatch ranks it one of the best places in Indiana to retire. In 2011, it also made AARP magazine's list of the Top 10 places to get "The Good Life for Less," because of its "under-the-radar charm" less than an hour south of Indianapolis.
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  4. Nashville
 - You may have thought you needed to move to Tennessee to retire to Nashville. However, this Nashville – the county seat of Brown County, Indiana – is the Hoosier answer to retiring to the arts scene. Corporate types have turned into potters here in the wooded, rolling hills. Others have opened bed and breakfasts. With a population of 1,121, Nashville is tiny. But the cost of living is pretty small, too. According to Sperling's Best Places, the cost of living is about 1.7 percent lower than the national average, and the median home cost is $165,400. It draws tourists for its downtown shops and art galleries and the county's small Smoky Mountain-like feel. The area has two covered bridges and only a handful of chain restaurants and traffic lights.
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If you want to spend your golden years in the Hoosier state, the winters may be cold, but the low cost of living may warm you up to the idea of retiring in the heartland. So where are the most affordable places for retirees in Indiana?
retirement, Indiana, affordable places
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2015-09-04
Thursday, 04 Jun 2015 05:09 PM
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