Arizona is the Best State for Retirement

Tony Ray Baker
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Arizona is the Best State for Retirement

Tucson has plenty of reasons for you to love it, the amazing Mexican food, the spectacular sunsets, and the low-key winters just to name a few. But did you know that being in Arizona puts us in one of the top 7 tax-friendly states? That’s great news for people looking to relocate and especially good for retirees on a fixed income. Here’s why Arizona is the best state for retirement.

Tucson For the Retired

We’ve assembled a list of tax-free items so you can see, at a glance, the biggest tax reasons Tucson, Arizona is the place to be and the best state for the retired.

Arizona is a Top 7 Tax-Friendly State
Arizona is a Top 7 Tax-Friendly State

Tax-free:

  1. Estate and inheritance 
  2. Groceries
  3. Military retirement income
  4. Prescription drugs
  5. Railroad retirement income
  6. Social-Security benefits

Tax-Breaks:

  1. Up to $2,500 of income from federal government, designated Arizona state government, and Arizona local government retirement plans is exempt.
  2. Senior residents could qualify for a property tax refund of $502.
  3. Seniors of 70 and older can qualify to defer their property taxes if they’ve lived in their home for 6 years and in Arizona for 10.
  4. For AZ state government, and AZ local government up to $2,500 in retirement plans are exempt.

Tax-Basics:

  1. Arizona has a 5.6% state levy
  2. Cities can add up to 5.6% but the states median is 8.4%
  3. Low end income tax is 2.5%, the high is 5.7%
  4. There is a 3.5% surtax on (taxable) income over $250,000 for single filers and $500,00 for joint filers.

Ok so technically all this information applies to the entire state of Arizona as a whole, however… We really believe that once you’ve looked around at what AZ has to offer you will find that Tucson is not only economically feasible but it’s also the warmest and welcoming city you will find on our stretch of the Sonoran Desert. When you’re done with the rest, come back to the best!

The Condé Nast Traveler

Tony Ray Baker
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The Condé Nast Traveler

Condé Nast Traveler Logo
The logo of the Condé Nast Traveler Magazine

We all know Tucson is pretty amazing but, it’s always nice to see others recognize it too. In April Tucson received some well-deserved attention from Condé Nast Traveler. If you don’t know what the Condé Nast Traveler is or why we should care let me tell you.

The Condé Nast Traveler

This worldwide magazine is filled with high luxury and lifestyle as well as hard reporting. Originally the magazine was originally bought by Condé Nast in 1987 and has gone on to win over 25 National Magazine Awards. It’s kind of a big deal to be mentioned by them. They published a list of 11 must-see destinations around the world. Taking that into consideration we think that makes this honor even more prestigious.

What They Said

It goes without saying that Tucson is known for its food. We have tons of accolades and it’s no surprise that most of them revolve around our food. There’s a reason we were UNESCO’s first city of gastronomy. So, it is no surprise to us that the very first thing they mentioned was our food.

Image of 2 Sonoran Hotdogs
Condé Nast Traveler mentions sonoran dogs.

Specifically, they mentioned the hotdogs of El Güero Canelo which won the coveted James Beard Award back in 2018. If you are wondering what is so special about a Sonoran Dog? Well, for starters, it’s wrapped in BACON! From there you pile on beans, sour cream, caramelized onions… No words we have will do this hotdog justice. If you ever find yourself in the Old Pueblo you simply must try one.

Image of the Saguaro National Park
Condé Nast Traveler tips its hat to the Saguaro National Park.

Condé Nast Traveler also mentioned the Saguaro National Park, highlighting the majestic cactus and the abundance of beautiful wildflowers we see every spring. You may think you’ve seen flowers in spring before but the blooms of cacti and succulents you will find here are truly spectacular.

Boldly colored Tucson sunset
Condé Nast Traveler mentioned our beautiful sunsets.

And lastly, they rounded out the article mentioning our sunsets. We can’t blame them, it would really be a shame to not mention them. In fact, we’d wager that we have the most dazzling sunsets in the 50 states. Come to Tucson and find out for yourself!

Tucson AZ One of the Best Cities for Millennials

Tony Ray Baker
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Tucson AZ One of the Best Cities for Millennials
Tucson AZ One of the Best Cities for Millennials
Tucson AZ One of the Best Cities for Millennials

Tucson AZ is One of the 5 Best Cities for Millennials says Time.com/Money

Tucson and its downtown revitalization has caught the attention of many potential prospects. Being recognized by Time, Tucson AZ was placed among the 5 Best Cities for Millennials in the US. 24% of Tucson population (and possibly higher) is made up of individuals 20 years old to 34 years old. For those individuals looking for a place to with exceeding job growth opportunities, accessible amenities and an affordable housing market. This youthful city is a place for millennials to gather, meet, work, study, play and simply live.

Downtown, encompasses four main areas: Mercado San Agustin, Downtown Tucson, Fourth Ave and the University of Arizona Main Gate. Retail business owners, well know chefs, investors and developers are just some of the few looking at Tucson, many already part of its exciting new growth.

Most would have to agree that the introduction of the light rail played a big part in fueling this excitement, helping make a Downtown Tucson a place Millennials could live without a car. The light rail connects several main shopping areas together. This allows you, the rider, easy access to over 340 venues.  Beginning at Mercado San Agustin, the light rail passes through downtown Tucson, Fourth Ave shopping district, Main Gate at the UA and ends at the University Hospital.  The end being part of a loop, which will take you right back to the beginning.

This diverse downtown Tucson area is a great place for everyone.  Along the light rail, there are a lot of places to meet, work, study, play and live simply with great connectivity. Being connected to so much is one of the main reasons that Tucson is recognized as one of the best cities for millennials.

Low Cost of Living:

If you’re comparing possible cities for relocation, Tucson just looks better and better. Its hard not to consider a city with a low cost of living and affordable housing. The cost of living index for Tucson AZ is 105 which is well below the urban average of 117. According to research done by GOBankingRates, it costs $39,966 each year to comfortably live in Tucson AZ.  Therefore, Tucson ranks number 1 as most affordable city in the US.

  • Income needed: $39,966
  • 50 percent for necessities: $19,983
  • 30 percent for discretionary spending: $11,990
  • 20 percent for savings: $7,993

“With the lowest total needed to cover necessities out of the 50 biggest U.S. cities, Tucson residents can likely make do on the $37,149 median income, which is just $2,817 short of the amount needed to live well there.”

Affordable Housing:

Affordable housing attracts businesses and new businesses create new jobs and that is why affordable housing is so important.  Tucson’s medium home prices have always been among the lowest in the US.

On a side note: There is nothing like pride of ownership. When I purchased my first home in the North West area of Tucson, I felt like I had finally grown up. I remember how great it felt not having someone dictate what I could do in my own living space. Paying the mortgage felt so much better then paying the landlord. Most importantly, it was a new beginning that helped me focus more on career, finances and other long term goals. Everyone should be able to experience buying their first home.

Have a great day,
Tony Ray
(520) 631-TONY (8669)
Free relocation package and Tucson fun info

Download the Time Magazine / Money Best Cities for Millennials

National Geographic Mentions Tucson City of Gastronomy

jamesportis
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National Geographic Mentions Tucson City of Gastronomy
Well, well, well… All of us locals know that Tucson is known for its amazing Mexican food, but now there’s recognition from National Geographic! We, of course, have a great selection of Tucson accolades, here is a collection of our food-related ones. If you want to jump straight to restaurants we love, you are more than welcome to do so. Back in 2015 Tucson was awarded the first US city with the Capital of Gastronomy designation and joined the UNESCO Creative Cities Network. Naturally, we covered the decision here, and so did the Smithsonian Magazine. The Gastronomy award is not the only foodie mention we’ve got. Not by a long shot.
La Estrella Bakery Recognized by Washington Post for Pan De Muerto
La Estrella Bakery Recognized by Washington Post for Pan De Muerto

Not Just National Geographic

Just recently the Washington Post recognized La Estrella Bakery for their amazing pan de muerto and other traditional Mexican treats. Also, Forbes magazine mentioned local Carlotta Flores of El Charro as one of 50 over 50 to keep an eye on. She has several Charro restaurants, all with a slightly different spin and all delicious. We also love Tucson Meet Yourself, colloquially known as “Tucson Eat Yourself.” Here you will find not only amazing Mexican food but food from all over the world. All brought to you by Tucson citizens sharing their cuisine, a melting pot if you will. A pot you can eat a lot of great food out of. Pretty please don’t take our word for it. Come check us out, we are so much more than the food. There are dozens of reasons to visit Tucson whether it’s our spectacular sunsets or the hiking trails. Are you in town for a celebration? Be sure to pick up some local beer & wine for an intoxicating taste of the area. Thinking of retiring here? It’s a good choice, Tucson is rated one of the best for retirement living. Whatever brings you here, we’re certain you’ll want to stay. http://seetucsonhomes.com/wp-content/uploads/2021/12/National-Geographic-Traveller-Food.pdf
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