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.
Con: High unemployment rate, cold winters
Best For: Boaters and water lovers
Cost of Living: 12% lower than national average
Median Home Cost: $98,500
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.