Retirement in Michigan
Overview of Michigan:
With the rising demand for retirement homes in Michigan, active adult communities are being set up Del Webb Communities, the pioneer and largest developer of retirement communities in the US, in Bridgewater and Grand Reserve. The town of Bridegewater is situated in the township of Brownstown while Grand Reserve is in Grand Blanc which can be reached in an hour by road from Detroit, Ann Arbor and Lansing. Retirees in Michigan can enjoy an active retirement in Grand Blanc. The place has seven golf courses as well as dining, shopping, and a wide range of entertainment options.
There are several renowned beach towns in Western Michigan, namely Benton Harbor, St. Joseph’s and Muskegon, which are among the best places to retire in Michigan not only because of miles of beaches but also for their residential surroundings, proximity to the golf courses and vast stretches of scenic woodlands. Talking of golf, you simply cannot ignore Traverse City, which is one of the prime golf destinations in the US.
Those of you who are not keen on residing in the countryside, and would rather prefer an urban setting, can look to reside in the university areas of Ann Arbor or Lansing, or the metropolitan area of Grand Rapids in the western part of the state. Being a cultural and commercial hub of the state situated near Lake Michigan, the urban lifestyle of Grand Rapids may suit you. From bridges, lakes, rivers, old homes, and lighthouses to arts colleges, museums, galleries, professional ballets, symphonies, concerts, comedy acts, and other performing arts, the city has it all!
Michigan – at a Glance
|Population||Climate||State Income Tax||State Sales Tax||Median Home Price|
|10,095,643 (US Census Bureau, 2006)||Humid Continental Climate||3.9 %||6 %||$ 156,787|
Pros: The cost of living and more specifically, the cost of retirement homes in Michigan are comparatively lower than other parts of the US.
Cons: The climate in the Upper Peninsula and the northern part of the Lower Peninsula experiences short summers and long chilly winters. Besides, harsh thunderstorms and tornadoes are also common in this part of the world.
Cost of Living in Michigan
The above table shows the percentage fluctuations in expenditures incurred in Michigan, as compared to the nation’s average, which is taken as 100%.
Beer and wine can be bought in Grand Rapids for $7.71 and $6.14 while you’ll have to pay $3.62 for coffee and $2.06 for half a gallon of milk.