Chattanooga named one of the top 10 cities to retire in for under $75 a day

Chattanooga named one of the top 10 cities to retire in for under $75 a day

October 17th, 2013 by Dave Flessner in Local - Breaking News

Chattanooga

Chattanooga is among the 10 best U.S. cities to retire for less than $75 a day, according to a new report from U.S. News and World Report.

The magazine said rental and home prices are below the national average and the Scenic City offers an attractive living and tax climate.

"Chattanooga is nearly surrounded by mountains, and the Tennessee River flows right through it, offering ample opportunities for outdoor activities," reporter Emily Brandon writes today in a web post for U.S. News and World Report. "Retirees can take in these views for a median of just $644 for rent, $1,023 in mortgage payments or $353 monthly without a mortgage."

Brandon also cites the free downtown electric shuttle and CARTA's 75-cent fares for seniors.

Other low-cost and attractive cities for retirees include Augusta, Ga., Greenville, S.C., Little Rock, Ark., Louisville, Ky., Akron, Ohio, Pittsburgh, Pa., San Antonio, Tex., and Syracuse, N.Y.

"You don't need a huge nest egg to retire well, especially if you're willing to move to a place with a low cost of living," Brandon writes. "Relocating to one of these places could help you to get by on a combination of Social Security and a small amount of savings, or allow you to retire younger or maintain a better lifestyle than you could in a more expensive city."

The rankings is based upon 2012 census bureau data for housing and medical costs and services and the magazine's assessment of recreation options.