Best Places to Retire in Nevada on a Budget

Retire in Nevada on a Budget

The best places to retire in Nevada on a budget are not expensive, and you can find plenty of recreational activities on a limited budget. North Las Vegas offers easy access to Red Rock Canyon National Conservation Area, Las Vegas Motor Speedway, and other attractions. The Colorado River and Lake Mead offer plenty of opportunities for water sports and lounging by the beach. Denver is a Midwestern town perched on the edge of the Rocky Mountains, making it an excellent jumping off point for outdoor activities. And unlike other cities in the region, Denver enjoys more than 300 days of sunshine per year!

Reno, Nevada is one of the best places to retire on a budget. The city has a moderate climate, with summer temperatures in the low 80s and low 70s. There is a high percentage of senior citizens, and around 15 percent of the population is 65 and older. The nearby town of Sparks is a lively and thriving community with bustling shopping malls. And, of course, it is home to the annual Street Vibrations motorcycle rally.

Retirees will appreciate Nevada’s stable economy, year-round warm climate, and abundant entertainment. And unlike many other states, Nevada has no state income tax or inheritance taxes, making it ideal for retire better now. Although the state’s sales tax remains at 6.85 percent through July 2013, it will gradually drop to 6.5 percent once the summer months end. However, remember that Nevada also has multiple cities and counties that tack on their own sales tax. The average sales tax in Nevada is 7.93 percent, according to the Las Vegas Review-Journal.

Best Places to Retire in Nevada on a Budget

The state has a number of cities and towns for retirees. Las Vegas is the largest city, and it’s also home to countless famous entertainment shows. But the state is also home to a smattering of historic mining towns, scenic mountain communities, and laid-back suburbs. And despite its attractiveness, retiring in Nevada makes financial sense. The state has no income tax, inheritance tax, or estate tax.

Retiring in Nevada is affordable if you plan well. With an estimated population of 3 million people, the state is highly attractive to retirees. The older population is 16% of the total population, and no state income or estate taxes mean that there is no need to pay state income or inheritance tax. Additionally, Nevada has the fourth lowest median property tax rate in the nation. There are plenty of activities and places to explore in the state, including several national parks.

For outdoor enthusiasts, Henderson offers a variety of recreation opportunities. Red Rock Canyon National Park and Sloan Canyon National Conservation Area are within easy reach of the city. If you have children, you might want to consider a gated 55+ community. These are both popular attractions in the area. If you’re a nature lover, consider retiring in Henderson. The weather is warm and you’ll be able to enjoy outdoor activities without paying income taxes.