Mississippi Best Places to Retire - A Guide
If you have been thinking about looking into the best places retire in Mississippi, we can help you make an informed choice. The reviews on this site give important information about real estate prices; what makes each community special and not so special; along with important facts about the cultural, economic, medical, and transportation available in Mississippi.
This website will give you useful information about the best places to retire in Mississippi, including the top active adult retirement communities.
Mississippi, the Magnolia state, had just over 2.8 million people in 2007. Mississippi is in the deep south - you will find friendly people here and a slower pace of life than up north. Jackson is the largest city; there are also many nice small towns and rural areas. The Wikipedia entry for Mississippi has more facts.
The Mississippi climate is humid-sub tropical, strongly influenced by the Gulf of Mexico. Summers are hot and humid with frequent thunderstorms. Winters are mild.
Economy and Home Prices
Mississippi's per capita income at $19,880 is the lowest of any state. Median home prices are much less expensive than in rest of the U.S.; at $147,500 in early 2012 In Jackson, the state capital, the median home went for $136,400 in the third quarter of 2011. Mississippi is one of the lowest cost places to live in the U.S.
Tax Burden: The Mississippi tax burden is just under 9%, the 14th highest in the country. However, at 7.6%, the total tax burden in Jackson is a very low compared to the median rate for large U.S. cities.
Marginal Income Tax Rates. Mississippi has one of the lowest income tax rates that ranges from 3.0% to 5.0%.
Retirement Income Exemptions. Mississippi has an active tax plan to attract retirees to the state. There is no state income tax on qualified retirement income, including Social Security.
Sales Tax: State sales tax is 7%.
Property Taxes: There is a bonus exemption on property taxes for people 65 and over on the first $75,000 true value.
Homestead Exemption. There is a homestead exemption.
Estate and/or Inheritance Taxes. There is no inheritance tax. An estate tax is imposed if the estate exceeds the exemption of $1,000,000.
Link to Mississippi Department of Revenue
List of Mississippi Certified Retirement Communities
Mississippi is extremely welcoming to retirees. Mississippi's certified retirement community program has a list of 21 communities that have passed a rigorous certification process. Hattiesburg is one of those communities to earn the "certified" designation. Some of the others include Aberdeen, Booneville, Brandon, Brookhaven, Clinton, Columbus, Corinth, Laurel, Madison, McComb, Meridian, Mississippi Gulf Coast, Nathchez, Oxford, Picayune, Southaven, Starkville (home of Mississippi State University), Tupelo, Vicksburg, and West Point.
Best retirement communities in Mississippi
Choose from Mississippi retirement communities that are popular with active adults over 55, such as Oxford, a lovely small town that is host to the thriving University of Mississippi. Or Hattiesburg, the home of two universities and a city at the top of many "100 best places to retire" lists. You'll find the loveliest communities in this beautiful state, such as Biloxi, historic Vicksburg, Natchez, Tupelo, and Meridian. Madison is a very affluent suburb of Jackson with strong zoning controls and many planned communities. Kosciusko is rural but with a very lovely central square.
Free eBook - Baby Boomers Guide to Selecting a Retirement Community - 16 Factors
Download this free eBook and use its fun exercises to help you find your perfect active adult retirement community.
Click on the Mississippi Retirement Community reviews on the right. Or to find other state guides to retirement or more on types of retirement communities