Sage Realty, Dedicated to Helping Individuals find Homes for Sale in Wayne, PA, Proudly Announces that Pennsylvania has Been Named One of the Top 7 Places to Retire
Wayne, PA – February, 2017 –The experienced Realtors® at Sage Realty help find the perfect homes for Sale in Wayne, PA for every age buyer: from young millennial families to aging boomers. With up to 90% of the latter group looking to age in place, Sage is pleased to announce that Pennsylvania has been named in the top seven states to retire to by SmartAsset. The ranking is based on Pennsylvania’s lack of retirement income tax, lower than average sales tax, and relatively low health care costs, among other reasons.
What Makes a State Retirement Friendly?
Several factors go into consideration when deciding if an area is a good place to retire. Income tax is one of the greatest influences and played a large role in Smart Asset’s rankings. The lower the tax rate on retirement income the better, and Pennsylvania is one of only 12 states that boast a 0% retirement income tax rate. Sales tax also contributed to the overall rankings, with Pennsylvania’s sales tax rate of 6.3% helping the state to rise higher in the rankings. Other contributing factors included:
- Average effective property tax rates
- Median annual housing costs
- Non-housing cost of living
- Average annual cost of a silver health insurance plan
- Number of art, entertainment, and recreation establishments per 100,000 residents
- Number of doctors’ offices per 10,000 residents
Homeownership may actually prove beneficial in retirement because of the equity and security provided by the rising value of homes; such financial backing allows those living on a limited income more freedom in the event of unforeseen expenses, such as extensive medical costs.
Owning a home is also less expensive than renting in most states, including Pennsylvania, which further aids retirees on fixed incomes. To learn more about the benefits of owning a home in retirement, or homes for sale in Wayne, PA, please contact the team at Sage Realty directly.
About Sage Realty
Linda Walters founded Sage Realty to help buyers find homes for sale in Wayne, PA and the Main Line area. Today, as respected Realtors®on the Main Line of Philadelphia, the agents at Sage Realty are dedicated to their clients’ best interests and offer invaluable resources and materials for both buyers and sellers.
37 West Avenue, Suite 103
Wayne, PA 19087
For more information, please visit: www.FindAHomeInPa.com