Coolidge Park in ChattanoogaRetirees without a huge nest egg would do well to settle down in the Scenic City, according to U.S. News & World Report.
The magazine on Thursday listed Chattanooga as one of the 10 best U.S. cities to retire for less than $75 a day. With a median rent of $644 and an average mortgage payment of $1,023, Chattanooga housing costs are well below the U.S. average. Magazine writer Emily Bragdon brags that Chattanooga’s scenery, mild climate, low taxes and recreational opportunities give retirees lots to do without breaking the bank.
Chattanooga also boasts a free downtown electric shuttle and a 75 cent fare for seniors on other CARTA buses.
“Chattanooga is nearly surrounded by mountains, and the Tennessee River flows right through it, offering ample opportunities for outdoor activities,” Brandon said.
The lower cost of living in Chattanooga allows seniors to retire younger “or maintain a better lifestyle than you could in a more expensive city,” Brandon said.