December 7 — Harrisburg, PA; Syracuse, NY; and Waco, TX are not used to being selected as “best places to retire”. Yet these towns were among the top 10 on a new list of best places for retired military personnel from USAA and Military.com. The USAA lists provide a perfect illustration of why choosing a place to retire based on criteria that make sense for you is better than relying on any random list.
Retired military personnel share many common retirement needs. Many of them, particularly officers or senior noncoms, will get a substantial pension. Moving to a state where that pension won’t be taxed could be worth thousands of dollars a year. Likewise, retired soldiers, sailors, airmen, and marines can take advantage of military hospitals and PXs- if they are close enough.
USAA is a financial services company that primarily serves military personnel and their families. Military.com is a website serving military personnel.
Here are their top 10:
1. Waco, TX
2. Oklahoma City, OK
3. Austin/Round Rock, TX
4. College Station/Bryan, TX
5. Harrisburg/Carlisle, PA
6. San Angelo, TX
7. Madison, WI
8. Pittsburgh, PA
9. New Orleans.Metairie/Kenner, LA
10. Syracuse, NY
One of the best things about the USAA list was its criteria for selection – all extremely important for retired military personnel. Those factors included unemployment rate, taxation of military pensions, number of colleges, proximity of VA hospital and military installation, and median home price. Another nice feature of the list was that it provided different lists for Military, Large, Medium, and Small Metros. For example, San Angelo, TX was rated #1 in the Small Metro list, and Oklahoma City was #1 in the Large Metro.
What do you think?
Please share your comments below.