BENEFITS OF RETIRING IN COLORADO
1. TAX BREAKS FOR RETIREES
Those who choose to retire in Colorado, enjoy immense tax benefits, which include a large deduction on all retirement income and the state boasts some of the lowest property taxes in the country. The average effective rate in the state is 0.57%. Additionally, food and medicine are exempt from sales tax. Colorado is considered to be tax-friendly for retirees, allowing a deduction of $24,000 per year on all retirement income for taxpayers 65 years old and older.
2. OUTDOOR RECREATIONAL OPPORTUNITIES
When it comes to outdoor adventure,Colorado can’t be beat!. Colorado is famous for its hiking, skiing, and exceptional scenery. Boasting some of the best state parks in the country, Colorado is a haven for retirees looking to spend more time in the great outdoors. The state has four national parks including Rocky Mountain National Park, Mesa Verde, Great Sand Dunes, and Black Canyon of the Gunnison. Ski towns like Aspen, Vail, and Breckenridge thrive in the winter and also provide great opportunities for seniors in the summer to hike, picnic, and more.
3. HEALTHY LIVING
Colorado has the second lowest obesity rate in the country and draws retirees from all over the country with an active lifestyle encouraged by outdoor recreation and the state’s mild climate. The state is ranked 8th in the nation for good health by the United Health Foundation. Choosing to retire in Colorado means choosing health and wellness. Retirees in Colorado are surrounded by opportunities for fitness, for being active outside, and for engaging with others who have chosen the same healthy lifestyle. Realizing that Colorado’s population is growing and aging, there is even an organization dedicated to keeping Coloradans healthy, creating equal access to healthy food and physical activity.
4. ACCESS TO CITY LIFE & LUXURIOUS AMENITIES
Colorado features some of the country’s best universities and most bustling cities, offering residents access to all the amenities that come with being near a big city. When you choose to retire in Colorado, you can choose what kind of retirement you want to create. If you prefer a smaller town with one of the state’s best ranking in healthcare and entertainment near major ski resorts and an abundance of arts, Durango is the city for you. If you’re more into higher education, lively discussions, political activism, oh, and tons of craft breweries, try Boulder. From quiet country towns to thriving metropolitan areas, retirees in Colorado have it all.
5. FOUR SEASONS
Many popular retirement destinations feature one or two seasons per year but to retire in Colorado means experiencing all four seasons every year. The mild climate still brings nearly 300 days of sunshine per year while still managing to fill ski resorts with a blanket of snow. With an average annual temperature of 43.7 degrees Fahrenheit, Colorado perfectly combines their high elevation and interior geography for a cool, dry, and ultimately, invigorating climate. Take a stroll through falling autumn leaves, hit the slopes with fresh powder, pick wildflowers in the spring, and hike a mountain under the dry summer sun. Do it all when you retire in Colorado.