Pennsylvania retirement guide – Topretirements.com

Posted: September 24, 2015 at 12:48 pm


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Overall If you have been thinking about making a move to one of the best places toretire in Pennsylvania we can help you make an informed choice. This website will give you useful information about the best places to retire in Pennsylvania, including the top active adult retirement communities. Pennsylvania, the Keystone state, had just under 12.8 million people in 2012. It has two large cities, Pittsburgh and Philadelphia; many mid-sized cities like Erie and Lancaster; and many small towns and rural areas. The north central portions of Pennsylvania tend to be sparsely populated and offer excellent outdoor recreation. PA has 50 miles of coastline on Lake Erie. The Wikipedia entry for Pennsylvania has more facts.

Pennsylvania Climate The Pennsylvania climate is called humid-continental. There are 4 seasons. Summers are hot and winters are cold with frequent snowstorms. The northwestern part of the state experiences lake-effect snowstorms from Lake Erie.

Economy & Home Prices Pennsylvania's 2011 per capita income, $27,824, was near the United States average. Median home prices are usually much less expensive than in rest of the U.S. The median home in the Erie area sold for $104,700 vs. the national median of $176,600 in the first quarter of 2013. In the Philadelphia area the median home goes for $197,700. Wealthy suburbs around Philadelphia are much more expensive, although the statewide median was $138,000 in early 2012.

Pennsylvania Taxes

Tax Burden:Pennsylvania has much higher than average tax burden - at 10.2% it is the 11th highest in the nation.When it comes to taxation of retirees, however, its reputation as a high tax state is not exactly accurate.

Marginal Income Tax Rates.When it comes to taxable income, PA has one of the lowest income tax rates - a flat rate 3.07% (although in certain towns there are additional income taxes).

Retirement Income Exemptions.Military incomes are not taxed.Commonly recognized pension, old age, or retirementbenefits paid after becoming eligible to retire, and retiring are not taxable.

Social security exemption.Social security is not taxed.

Sales Tax:State sales tax is 6%.

Property Taxes:Property taxes are one reason why the state has a reputation as a high tax state.

Miscellaneous Taxes.PA has one of the highest gasoline taxes.

Estate and/or Inheritance Taxes.Pennsylvania is one of 7 states that collects an inheritance tax.

Linkto Pennsylvania Department of Revenue

Certified Retirement Communities Pennsylvania does not have a certified retirement community program.

Best retirement communities in Pennsylvania Pennsylvania can be a great state for active adults and people over 50. It has a very low cost of living and many livable cities and small towns. Some of the best places for retirement in Pennsylvania are its charming small college towns like Carlisle, Lewisburg, Meadville, Titusville, Lancaster, and Swarthmore. Located in State College is one of the newer phenomemons in retirement living, a university related retirement community, The Village at Penn State. Pittsburgh is not only a great bargain but it is a livable city that is enjoying a renaissance. It has been singled out as America's 8th most literate city. Philadelphia offers an excellent urban retirement with plenty to do and places to live.

Free eBook - Baby Boomers Guide to Selecting a Retirement Community - 16 Factors Download this free eBook and use its fun exercises to help you find your perfect active adult retirement community.

Click on the Pennsylvania retirement town reviews on the right to find out more.

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Pennsylvania retirement guide - Topretirements.com

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September 24th, 2015 at 12:48 pm

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