Alabama – Retirement Guide

Alabama   Retirement Guide

Top Retirement Cities in Alabama: 

Fairhope | Huntsville

Alabama has been creeping up in popularity among retirees seeking the same benefits found in Florida — gorgeous beaches, excellent golfing, warm weather — at a lower cost. The state also has an incredibly strong university presence; Alabama and Auburn are both located in Alabama, and their football programs enjoy utter reverence from locals.

Alabama’s beaches lie along the Gulf Coast, adjacent to Florida’s famed Panhandle beaches. The shores here are sugar white, with emerald-colored waters, and the weather is typically warm, without growing quite as hot or humid as Florida’s summer seasons. Retirees will also find world-class golf courses throughout Alabama, including the Robert Trent Jones Golf Trail, comprised of 11 courses and 468 holes.

Retiring in Alabama grants residents a number of financial boons, including a cost of living 10% lower than the national average, and a top state income tax of 5%. Additional tax benefits retirees can take advantage of include exemptions for Social Security and pension income, and a lack of property taxes for homeowners over the age of 65.

Pros: Beautiful Gulf Coast beaches, excellent golf, strong university presence.
Cons: High levels of poverty throughout state.

At a Glance:
Best For: Beach lovers
Population: 4,822,023
Cost of Living: 10% lower than national average
Median Home Cost: $117,200
Unemployment: 6.8%
Top State Income Tax: 5%

There are downsides to living in Alabama, chiefly, a higher than average poverty rate, and a large segment of the population plagued by obesity.

Top Retirement Cities in Alabama:  Fairhope | Huntsville

Photo by Exothermic via Flickr. All statistics were up to date as of publication. See these sources for the most current data.