Did you know that Beaufort SC has made the Forbes Magazine list as one of the top places in the U.S. to retire? In a recent publication, the popular magazine has named Beaufort on its short list of 24 locations across the country.
The last time this happened, it was the popular retirement planning website TopRetirements.com that named Beaufort one of the top places to retire in the Southeast.
In the article, Forbes mentioned Beaufort as “marshy”.
It said our median home price is at $253,000, which is 23% below national average with a cost of living at 6% below national average.
It also listed the pros of choosing Beaufort SC as your place to spend your retirement, including good air quality, a comfortable climate, adequate doctors per capita and no state estate tax and no state income tax on Social Security or first $15,000 of other retirement income.
It also came to the conclusion that Beaufort is home to a good economy, and possesses only a moderate FEMA natural hazards risk.
Beaufort was in good company on the Forbes list, which, among others, included Asheville, NC, Clearwater, FL, Savannah, GA, College Station , TX, Fargo, ND, Green Valley, AZ and Pittsburgh, PA.
Forbes explained their methodology on how they came up with the list in great detail. Some of the things taken in to consideration when they compared data on nearly 800 places, with populations above 10,000, in all 50 states, were, money, including median home prices and overall cost of living compared to the national average, and state taxes, including special income tax exemptions for Social Security and other retirement income and state estate/inheritance taxes.
Forbes also took into consideration the local economy, since many retirees look for part-time work and down the road might want to sell their home and relocate again. Since living well is just as important as living affordably, Forbes looked at a number of quality of life indicators, including the rate of violent crime, physicians per capita and air quality.
