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The pros of retiring in Pennsylvania include low cost of living, no taxes on retirement income, and access to natural beauty, among other things. However, the state also has some drawbacks like an inheritance tax, cold winters, and lack of urban buzz.
- Media. Media, Pennsylvania is our best place to retire in the state, but it also ranked fifth overall in the nation. The town of roughly 5,000 people is located a short drive outside of Philadelphia.
- Bridgeville. The town of Bridgeville, Pennsylvania is another excellent place to retire, taking the second spot in the state and the 33rd spot in the country.
- Doylestown. This town in eastern Pennsylvania is located about an hour north of Philadelphia. At the last census, the town had a population of about 8,300, and 30% of those residents are seniors.
- Morrisville. Located right across the Delaware river from Trenton, NJ, Morrisville is the fourth town on our list and our 52nd best place to retire in the whole country.
- East Stroudsburg. CITY POPULATION: 10,433. SHARE OF POPULATION 65+: 17% COST OF LIVING FOR RETIREES: 13.4% below the national average. PER CAPITA INCOME FOR POPULATION: $26,679.
- Harrisburg. CITY POPULATION: 49,271. SHARE OF POPULATION 65+: 10.4% COST OF LIVING FOR RETIREES: 1.% below the national average. PER CAPITA INCOME FOR POPULATION: $22,621.
- Penn Wynne. CITY POPULATION: 6,493. SHARE OF POPULATION 65+: 25.7% COST OF LIVING FOR RETIREES: 25% above the national average. PER CAPITA INCOME FOR POPULATION: $62,263.
- Bensalem. CITY POPULATION: 60,507. SHARE OF POPULATION 65+: 15.9% COST OF LIVING FOR RETIREES: 17% below the national average. PER CAPITA INCOME FOR POPULATION: $35,054.
Mar 14, 2023 · Seniors retiring in Pennsylvania can enjoy a low cost of living, low taxes, great healthcare, scenic locations, low crime rates, top-rated cities and towns, historical sites, and winter sports.
- David Bolton
Nov 20, 2023 · It’s clear why Pennsylvania dominates U.S. News and World Report’s list: not only do we have a growing population of older adults, but Pennsylvania has also taken critical steps to allow them...
Apr 26, 2024 · Many financial experts recommend saving at least 15% of your income for retirement. However, like any location, there are both pros and cons to retiring in the state. Why do people retire to Pennsylvania? Affordability: Pennsylvania has a lower cost of living compared to many other states on the East Coast.
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Considering retiring in Pennsylvania? Explore our guide to the best cities in Pennsylvania to retire & make the most of your retirement in the Keystone State.