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Grand Rapids rates among 'best places to live' for Americans 50 and older

October 8, 2013
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Grand Rapids rates among 'best places to live' for Americans 50 and up
AARP is a non-profit, non-partisan organization, with more than 37 million members 50 and older. Photo via fb.com

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.

Housing costs

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.

Culture

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.”

10 Best Places to Live the Good Life for Under $30K

Bangor, Maine

Daytona/Deltona/Ormond Beach, Fla.

Erie, Pa.

Grand Rapids

Greenville, S.C.

Louisville, Ky.

Pocatello, Idaho

Pueblo, Colo.

Sherman/Denison, Texas

South Bend, Ind.

Source: AARP The Magazine, 2013

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