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Columbus is a Top Destination for Retirees: Here’s Why


Columbus is a Top Destination for Retirees

Rhiannon Ferrari

Rhiannon Ferrari lives and breathes Real Estate and has an energy that is contagious!  She has been in the Real Estate business in Central Ohio f...

Rhiannon Ferrari lives and breathes Real Estate and has an energy that is contagious!  She has been in the Real Estate business in Central Ohio f...

Jul 17 5 minutes read

Ready to retire? If you are looking for an exciting city in the Midwest, look no further than Columbus, Ohio. According to rankings from US News, Columbus ranks among the top 100 best places to retiree - and it’s easy to see why. The city has something for everyone. Need more convincing? Read on to learn more about why Columbus, OH deserves recognition as a retirement hotspot. 

1. You’ll Never Run Out of Things to Do in Columbus

Columbus truly has something for everyone. A beautiful downtown area and promenade, a vibrant dining scene, live music, arts, culture, history and an exciting sports atmosphere are just some of the things you can enjoy as a retiree in Columbus. The city is truly a gem of the Midwest - offering characteristics Midwestern hospitality with big city amenities. It is not to be missed!

2. Columbus is an Affordable Retirement Destination.

Money is a top of mind concern for many retirees - and it’s no surprise why. Leaving the workforce and relying on your retirement income and savings can bring big changes when it comes to your finances. The good news for retirees is that Columbus is super affordable. The city boasts a relatively low cost of living when compared with metropolitan areas of similar sizes, especially when it comes to housing. Housing costs in Columbus are just $171,075 this year versus $222,408 across the rest of the U.S. Plus, Ohio offers a homestead exemption for eligible older adults. This can produce extra savings. Your real estate agent can help you determine your eligibility for this exemption. 

Beyond housing, Columbus is a tax-friendly destination. According to consumer financial services company SmartAsset, income from Social Security is untaxed, while income from public or private pensions is only partially taxed. If you are retiring from your career but plan to continue working in some capacity, you’ll be happy to know that income tax is just 2.97%. More of your money can stay in your pocket in Columbus, which means you can spend more time and energy on the things that make you happy.

3. Columbus Offers Many Different Living Options for Retirees.

Enjoying your lifestyle during retirement is about having fun and relaxing, and where you choose to live can have a big effect on your ability to do this. Specifically, the type of living arrangement you decide on can make or break your efforts. You need to keep in mind that your health and mobility needs will undoubtedly change as you continue to age, so depending on your circumstances, buying a home and living on your own may not be the safest choice. Luckily, Columbus is home to many different senior living options. Your real estate agent can help you decide which is best for you. 

If you feel that managing a home entirely on your own may be more trouble than it is worth, but if you want to remain as independent as possible, you should ask your real estate agent about a senior living community. "Active adult" communities offer many amenities - such as pools and luxury fitness centers, transportation options and social events. Community management in these senior living communities also takes care of the more labor-intensive chores of home ownership - namely lawn maintenance, snow removal and exterior repairs. Living in one of these communities means you can kick back and relax in your own home virtually worry-free. 

There may come a day where living fully on your own just isn’t feasible. If you think your health and mobility needs will ultimately mean you will require extra attention and assistance, you can consider moving into an assisted living facility.  There are many highly-rated communities in the Columbus area - each offering many amenities for retirees who need help with activities of daily living - which can include bathing, dressing, managing medications and keeping up with general housework. Living in one of these facilities can truly bring peace of mind to you and your loved ones. 

Ready to Find Your Dream Home in Columbus?

Hiring the right real estate agent is all about finding a professional you respect and trust. Our team can help you take that next step. At the Ferrari Home Group, we are dedicated to using our extensive knowledge, expertise, and leveraging technology to meet your needs. Contact us today for more information. We look forward to helping you!

Article By: Barbara Thompson, Senior Care Advocate- an organization dedicated to supporting senior citizens and their families. Our mission is to raise awareness about the available care options and resources that can help seniors stay connected with their community.

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