Retire in New York City
New York – at a Glance
|Population||Climate||State Income Tax||State Sales Tax||Home Price(Median)|
|18,976,457||Temperate Climate||4 % to 6.85 %||4 %||$ 310,600.00|
Pros: Lots of entertainment and sports options.
Cons: cost of housing in this state is higher than the other states of the US. The winters are also very cold.
Want to Retire in New York?
Did you know that the state of New York has a special property-tax break, designed to benefit the seniors?Does the thought of paying property tax after retirement worry you? In the state of New York, you are provided with a property-tax relief in the form of homestead exemptions or deferral of property taxes. Senior couples with an income of 60,000 dollars will qualify for this exemption.
If you chose the state of New York as your retirement location, you will never run out of things to do. You can spend your leisure time visiting the Metropolitan Museum of Art, Fort Tryon Park, Cold Spring, Lake Erie, Skaneateles Lake, Cayuga Lake, and the nearby mountains. You can soak up the sun at the beaches of Fire Island, Long Island, Greenport and Hamptons or have a go at golf in any of the New York golf courses. You cannot forget Broadway for an evening of culture. Are you a sports lover? Then how can you resist the New York Yankees or the Mets? Your life after retirement will be packed with activities in the state of New York.
Some of the best places to retire in New York include Hudson Heights, New York City, Finger Lakes region, Aurora, Ithaca, Tudor City, Woodstock, Greenport, and Saratoga . So, for all the baby boomers planning for an active lifestyle, the retirement homes in New York will be the best choice.
How will I budget Myself in New York?
The above bar-graph shows the percentage fluctuations in expenditures incurred in New York, as compared to the nation’s average, which is taken as 100%.
For example, if you are looking for a retirement location in New York, you can choose to stay in Ithaca. It is one of the emerging cities to relocate in New York. The city offers a rich cultural environment and is the home of Cornell University, Ithaca College, and the Sciencenter. If you decide to live at Ithaca, the approximate prices you can expect to pay for various goods and services* would be:
- Cereal – $3.60
- Dozen eggs – $1.43
- Bananas – $0.49
- Beer – $8.11
- Ibuprofen – $5.98
- Orange juice – $3.26
* As of October 2007