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Facts About Retiring in Georgia

By    |   Wednesday, 10 Jun 2015 12:27 PM

Georgia is not always the first state that comes to mind when thinking about retirement destinations. A retirement in Georgia, however, offers many of the benefits of more popular retirement states such as Florida and California, without the high prices and crowds.

If your hesitance to consider Georgia as a retirement destination springs from a lack of knowledge about Georgia and the benefits it offers retirees, then there is no better time to inform yourself about the beautiful Peach State.

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1. Low Home Values

The value of homes in Georgia is well below the national average. The median home value in Georgia, according to Zillow, is $139,300, compared to the national average of $178,400. The average rent in Georgia is $1,100, compared to the national average of $1,550.

These low home values are not expected to last though. Zillow predicts a 3.7 percent increase in home value in Georgia next year, which is almost double the national expected increase. So, if you are considering buying a home in Georgia, now may be a great time to do so.

2. Tax Friendly

While Georgia is not income tax free like other states, George is 32nd in terms of states with the highest tax burdens.

3. Pleasant Climate
Georgia's climate is classified as humid sub-tropical. Summers are usually hot and humid, with afternoon temperatures reaching 90 degrees Fahrenheit and overnight lows dipping just below 70 F.

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Winters are usually mild, with the average temperature in January reaching 39 F. These figures will differ depending on whether you live in the mountains or on the coast.

4. Crime Rate
Georgia rates 15th nationally in terms of crime rate. Of course, considering a state as a whole is not the most accurate portrayal. Many communities are extremely safe. For example in Johns Creek, a town of 80,000, there was not a single murder or rape in 2014.

However, Atlanta was recently ranked the sixth-most dangerous city in the United States with violent crime expected to continue to rise in the coming years.

5. No Certified Retirement Community Program

A drawback of Georgia retirement is that, unlike most other states in the South, Georgia does not certify their retirement communities. In order for a location to be considered a certified retirement community, it must have low taxes, low crime rates, and quality medical care. Many places in Georgia meet these standards.

However, you may just need to do a bit more research before selecting your perfect retirement community.

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Georgia is not always the first state that comes to mind when thinking about retirement destinations. A retirement in Georgia, however, offers many of the benefits of more popular retirement states such as Florida and California, without the high prices and crowds.
retirement in georgia, facts
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2015-27-10
Wednesday, 10 Jun 2015 12:27 PM
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