Germantown ranked a top suburb for retirees by This Old House
MEMPHIS, Tenn. — Ready to retire? You might want to look at the Memphis suburb of Germantown, which ranked high on a list of best suburbs for retirees, according to This Old House.
Germantown made No. 17 on the list. But it scored No. 1 for financial well-being.
“With perks like no state income tax or tax on retirement income and just 4.6% of the senior population living below the poverty line, Germantown is the #1 ranked retiree suburb for financial well-being,” This Old House wrote.
Tennessee’s lack of income tax put several of the state’s suburbs on the list. The Nashville suburbs of Brentwood and Franklin were No. 1 and No. 5, respectively.
Collierville was also high on the list at No. 38, with Bartlett at No. 43.
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This Old House says many retirees move to the suburbs, as opposed to big cities, for greater affordability and a lower cost of living, as well as better community and amenities.
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