Tags: Retirement | retirement | pennsylvania | benefits

Benefits of Retiring in Pennsylvania

By    |   Wednesday, 18 Nov 2015 06:21 PM





There are many benefits to retiring in Pennsylvania, especially for those who love cold weather and a change of seasons.

If you're considering retiring to the Granite State, here is a look at some of the benefits of living there:

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1. History
Among the many benefits available to seniors planning their retirement in Pennsylvania is the rich history of the state. One of the original 13 colonies, Pennsylvania presents arguably the largest number of historical sites and touch points of the Revolutionary War.

Among them are Independence Hall, the Liberty Bell, and the original homes of many of the Founding Fathers of the United States. A little more than 100 miles up the road from Philadelphia is the National Civil War Museum in Harrisburg. Gettysburg is the site of one of the most monumental battles in American history.

2. Entertainment
The state is home to some of the most successful athletic teams in professional sports, with the Philadelphia Phillies and Pittsburgh Pirates in baseball, Philadelphia 76ers in basketball, Philadelphia Flyers and Pittsburgh Penguins in hockey, and the Pittsburgh Steelers and Philadelphia Eagles in football.

Pocono Raceway hosts two NASCAR events each year, including the Pocono 400 and the Pennsylvania 400, and the state is home to some of the finest golf courses to be found anywhere. Foxburg Country Club, Scenic Valley Golf Club in Pittsburgh and Cobbs Creek near Philadelphia are all popular municipal courses while Jack Frost National Golf Club near Pocono is the site of one of the most popular mountain courses in the U.S.

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3. Cost of living
While the state has an income tax, it is set at a marginal rate of only 3.07 percent. The statewide sales tax, meanwhile, is 6 percent, and some municipalities also set sales taxes. Retirement income, however, is not taxed in the state, so retirees don't get dinged by those rates at all. The cost of living hovers only 1 percent above the national average, and the median home price rests right around $140,000, which is below the average prices in many of the more popular retirement destinations such as Florida, Arizona, and California.

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