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Most Popular Spots in Indiana to Retire

By    |   Friday, 05 Jun 2015 01:03 AM

Some of the most popular spots to retire in Indiana to offer cultural opportunities provided by universities and bigger cities. Whether you're looking to retire for less or you want to be on the outskirts of a city like Indianapolis or Chicago, this list of popular spots to retire may be the answer to something on your bucket list.

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  1. South Bend - South Bend, home to the University of Notre Dame, ranks among AARP magazine's 2013 list of 10 low-cost cities to "Retire to a Good Life for Less." With a median home price of $82,500, the magazine notes the median mortgage payment is $315, the median annual property tax is $846, and there's no state tax on Social Security. Retirees can tour the Fighting Irish campus for free and find many cultural opportunities to attend on a dime. The magazine says you can retire here on $30,000 a year.
  2. Bloomington - MarketWatch calls Bloomington a top retirement pick. With a median home cost of $143,500 and Indiana University to thank for cultural opportunities, the community offers a relative bargain for retirees. It also has access to 200 miles of trails, 10,000 acres of water, and three golf courses.
  3. Fishers - This suburb half an hour from Indianapolis has low crime rates and lots of parks. The median home cost is $196,600, and while the cost of living is a little higher than in other parts of the state, it earns popularity points for its concert series, movie nights, farmers' markets, and upscale neighborhoods.
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  5. Columbus -Tourism guidebooks in Indiana all point here for its architectural draw. It has more than 70 buildings designed by famous architects. It may be somewhere you want to call home, too. It has a median income of $139,000 and a lower-than-average cost of living, Sperling's Best Places reports. As a retiree, you can volunteer to lead one of the town's 30 architectural tours a week.
  6. Valparaiso - Valparaiso, Valpo to the locals, is in Indiana Dunes Country on the outskirts of the Chicago metro area. And while the cost of living index here is 106 – above the national average of 100 – it's still big-city affordable. It's also along the southern shore of Lake Michigan, where there are 15 miles of shoreline dotted with beaches, trails, dining and shopping. The median price of a house here is $184,600, above the national average of $170,100. Overall, housing is 34 percent cheaper in Indianapolis, Sperling's Best Places says, but Valpo offers some things Indy does not, such as beaches and proximity to Chicago.
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Some of the most popular spots to retire in Indiana to offer cultural opportunities provided by universities and bigger cities.
retirement, Indiana, popular spots
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2015-03-05
Friday, 05 Jun 2015 01:03 AM
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