Ohio Best Places to Retire - A Guide
If you have been thinking about making a move to one of the best places to retire in Ohio, we can help you make an informed choice. The reviews on this site will let you know about the best places to retire in Ohio, including the top active adult retirement communities. You will find important information about what makes each community special and not so special; real estate prices; plus important facts about the cultural, economic, medical, and transportation available in Ohio.
Ohio, the Buckeye state, had just over 11.5 million people in 2009. The midwest begins in Ohio - its presence in the friendly people who live here is easy to see. It has several large cities; Columbus, Cleveland, and Cincinatti; many mid-sized cities like Dayton; and many small towns and rural areas. The northern portions of Ohio front on Lake Erie which offers excellent outdoor recreation.
The Wikipedia entry for Ohio has more facts.
The Ohio climate is humid-continental. There are 4 seasons. Summers are hot and winters are cold with frequent snowstorms.
Economy and Real Estate Values
Ohio's inflation adjusted per capita income at $47,144 is slightly lower than the United States average. At $99,900 in early 2012, the median home prices are among the lowest in the U.S. The median home in Columbus in the first quarter of 2013 sold for $124,900 vs. the national median of $170,000; the cost of living index there is 88 (national index is 100). In the Cleveland area the median home went for $101,000 and the cost of living index is 84. Wealthy suburbs around Cleveland are more expensive.
Tax Burden: Total tax burden in Ohio is 9.7%, a bit higher than the median rate for large U.S. cities.
Marginal Income Tax Rates. The lowest bracket starts at .0587% and the highest income tax rate is 5.39%, which kicks in the $200,000+ bracket.
Retirement Income Exemptions. Military retirement pay is exempt. There is a small credit for retirement income.
Social security exemption. Social security income is exempt.
Sales Tax: The state sales and use tax rate is 5.5 percent. Counties and regional transit authorities may levy additional sales and use taxes.
Property Taxes: The state's property tax is about average at 1.3%.
Homestead Exemption. Ohio has a homestead exemption
Estate and/or Inheritance Taxes. The state eliminated its estate tax in 2013. There is no inheritance tax.
Certified Retirement Communities
Ohio does not have a certified retirement community program.
Best retirement communities in Ohio
Active adults looking for retirement information on Ohio will find vital information to help assess this low key state as a retirement community at Topretirements.com. One of the best parts of Ohio is its collection of beautiful and charming college towns - places like Oxford, host to the 16,000 students of Miami University. Other great college towns include Bowling Green, the small town of Fairborn, Athens,Gambier (home of Kenyon College), Yellow Springs, and Granville (home of Dennison College). Columbus is Ohio's largest city and enjoys a tremendous boost from the presence of Ohio State, one of the world's largest universities.
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