Cost of living: 106
Median home price: $345,000
College perk: Evergreen College offers free classes for retirees 60 and older.
Olympia, the state capital, is only about an hour away from Seattle but significantly more affordable. The median single-family home price is roughly $330,000, compared with more than $700,000 for Seattle, says Jim Greene, the designated broker and owner of Greene Realty Group. If renting is more your speed, you can get a three-bedroom, 2.5-bathroom house for about $1,750 a month.
At Evergreen State College, older adults can register as “special students,” which allows them to take courses without going through admission. Residents 60 and older can have tuition waived for up to eight credits per quarter.
Active retirees will find plenty to do. The Olympia Film Society showcases independent and classic films at the historic Capitol Theater, a city landmark. Art collectors won’t want to miss the semiannual Arts Walk, featuring paintings, sculptures, photography and more.
The South Sound Wine Trail and the South Sound Coffee Trail run through Olympia. It’s also home to the South Sound Craft Crawl, which highlights locally made beer and cider. If you’re looking for an actual trail, the 14.5-mile Yelm-Tenino bike trail lies 40 minutes southeast of Olympia. Kennydell Park, seven miles from downtown, is home to 40 acres and 1,000 feet of freshwater beach.
Washington has no state income tax, so income from pensions, Social Security and withdrawals from retirement accounts is tax-free.
For population figures, we used the most recent U.S. Census Bureau data. Cost-of-living data comes from the Council for Community and Economic Research (100 represents the national median). Median home prices were provided by Redfin, Zillow and local associations of Realtors.
Rivan joined Kiplinger on Leap Day 2016 as a reporter for Kiplinger's Personal Finance magazine. A Michigan native, she graduated from the University of Michigan in 2014 and from there freelanced as a local copy editor and proofreader, and served as a research assistant to a local Detroit journalist. Her work has been featured in the Ann Arbor Observer and Sage Business Researcher. She is currently assistant editor, personal finance at The Washington Post.
Amazon To Offer Students $25 Flights For The Holidays — But You Must Act Fast
Amazon Prime Student members will have a chance to score one of 3,000 tickets for a limited time, starting December 5.
By Jamie Feldman Published
Walt Disney's Dividend Is Back. Will DIS Stock Follow?
Disney reinstated its dividend after a three-year suspension as shares remain depressed.
By Dan Burrows Published
Best Foreclosure Sites for Finding Properties
Making Your Money Last Wondering how to find foreclosed homes for sale for your next residence or to flip for a profit? These websites will guide you to foreclosures and real estate-owned properties to buy.
By Bob Niedt Published
Luxury Home Prices Rise as the Rich Dodge High Mortgage Rates
Luxury home prices rose 9% to the highest third-quarter level on record, Redfin reports, growing nearly three times faster than non-luxury prices.
By Kathryn Pomroy Published
Four Tips for Renting Out Your Home on Airbnb
real estate Here's what you should know before listing your home on Airbnb.
By Miriam Cross Published
Is a Medicare Advantage Plan Right for You?
Medicare Advantage plans can provide additional benefits beneficiaries can't get through original Medicare for no or a low monthly premium. But there are downsides to this insurance too.
By Jackie Stewart Published
What You Must Know About the Different Parts of Medicare
Medicare Medicare can be complicated but we've got you covered. Here is a quick guide to the different benefits provided through each part.
By Jackie Stewart Last updated
5 Ways to Shop for a Low Mortgage Rate
Becoming a Homeowner Rates are high this year, but you can still find an affordable loan.
By Daniel Bortz Published
Retirees, It's Not Too Late to Buy Life Insurance
life insurance Improvements in underwriting have made it easier to qualify for life insurance, which can be a useful estate-planning tool.
By David Rodeck Published
Best Banks for Retirees
banking Kiplinger's 2023 list of the best banks for retirees.
By Lisa Gerstner Published