Grand Rapids rates among 'best places to live' for Americans 50 and older
Grand Rapids has “Midwestern swagger.”
At least, that’s how AARP The Magazine describes Grand Rapids in a new story that features its ranking of the top 10 American cities for people 50 and older to live or retire comfortably on $30,000 a year.
The ranking by AARP The Magazine — the world’s most widely circulated magazine with about 34 million readers 50 and older — was created by evaluating a city’s financial factors, including property taxes, home prices and mortgage rates, as well as intangible cultural factors, including entertainment, restaurants and events.
Financially, Grand Rapids scored well on housing costs, with a median home price of $114,200, a median mortgage payment of $436 and a median property tax of $1,830, according to AARP. The city also rates well financially, because there isn’t a state tax on Social Security.
AARP, which describes the budget-friendly lives of retired Grand Rapidians, also cites ArtPrize, the world’s largest art competition, HopCat, a top brewpub and the Grand Rapids Griffins, this year’s Calder Cup Champions, as popular cultural attractions in the city.
"Our readers are interested in living their best lives without spending a fortune," said Robert Love, editor in chief of AARP. "Each year, we aim to find new locations packed with affordable opportunities appealing to the 50+ audience.”
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Source: AARP The Magazine, 2013