Michigan – Retirement Guide

Michigan   Retirement Guide

Top Retirement Cities in Michigan: 

Ann Arbor | Traverse City

Michigan could be a natural destination for retirees who love the water. The state is bordered by 4 of the 5 Great Lakes, has over 11,000 inland lakes, and boasts more than 3,100 miles of freshwater coastline — more than any other state in the continental U.S. Michigan’s natural scenery is truly breathtaking, with beaches lines by windswept dunes, a mainland filled with lush forests, and charming and friendly small towns.

The vast amount of waterfront areas guarantee retirees won’t grow bored, as opportunities for world-class fishing, boating, hiking, bicycling, bird-watching, hunting and star-gazing abound. Golfers will also be kept entertained and can while away their time on one of the state’s 850 greens.

All too often, Michigan is associated with Detroit, which has had its fair share of economic hardships in recent years, and it’s true that the state’s unemployment rate is high, at 8.9%.

Still, Michigan offers far more for retirees than Motor City. The state is actually an affordable destination for retirees.

Pros: Thousands of miles of coastline, gorgeous lakes, ow cost of living
Con: High unemployment rate, cold winters

At a Glance:
Best For: Boaters and water lovers
Population: 9,883,360
Cost of Living: 12% lower than national average
Median Home Cost: $98,500
Unemployment: 8.9%
Top State Income Tax: Flat 4.25% tax rate

The cost of living is 12% lower than the national average, and the median home price is less than $100,000. The state also has a low, 4.25% flat income tax rate.

Spring, summer and fall in Michigan are lovely seasons, but winters, particularly in the state’s Upper Peninsula can be frigid and snows.

Top Retirement Cities in Michigan:  Ann Arbor | Traverse City

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