Indiana – Retirement Guide

Indiana   Retirement Guide

Top Retirement Cities in Indiana: 

Bloomington

Indiana might not be the first state to cross the mind of retirees as a retirement hot spot, but perhaps, it should be. With the caveat that yes, the state does experience 4 distinct seasons, one of which is a frigid winter, Indiana appeals to outdoor lovers, small town devotees and fans of university towns and college football.

The state is also home to 7 world-class golf courses along the Pete Dye Golf Trail and miles of scenic coastline along Lake Michigan, where people can boat, fish or hike.

Among the state’s greatest points of pride are its more than 50 colleges and universities, which have helped hone funky, inviting college towns in Lafayette, South Bend and Bloomington, where Purdue University, University of Notre Dame and Indiana University are located, respectively.

The presence of these universities in towns have spawned fervent football fans, an array of ethnic eateries, and interesting arts and culture opportunities.

Pros: Low cost of living, vibrant university towns, passionate college football fans Con: High unemployment rate

At a Glance
Best For: College town lovers
Population: 6,537,334
Cost of Living: 11% lower than national average
Median Home Cost: $90,739
Unemployment: 8.3%
Top State Income Tax: Flat 3.4% income tax rate

Indiana’s cost of living is also low — more than 10% lower than the national average, the state’s income tax is a flat 3.4% and the average housing price has dipped below $100,000 in many areas. Of course, there are downsides to living in Indiana, particularly for retirees who hope to find work; the state’s unemployment rate is over 8%.

Top Retirement Cities in Indiana:  Bloomington

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