When it comes to finding the perfect backdrop for your retirement, Ohio probably isn’t on your list – but maybe it should be. Experts say that the state boasts a low cost of living, a friendly Midwestern lifestyle, an abundance of outdoor recreational activities, some of the country’s leading universities, and more. When it comes down to it, Ohio is an underestimated retirement location that is drawing seniors from all over the country to its scenic beauty and robust culture.
Learn more about why you should consider retiring in Ohio.
Benefits of Retiring in Ohio
1. Low cost of living
Ohio is an affordable place to retire. The cost of living is 6.9%, below the national average, and the median home price is only $133,700. Additionally, U.S. News & World Report ranked Akron, Ohio as one of their top 12 places to retire for less than $75/day – in part because of the discounts afforded seniors in the city.
2. Relaxing waterfront lifestyle
Despite being located in the middle of the country, Ohio is near several stunning rivers and lakes, including Lake Erie, one of the region’s top tourist attractions and a popular spot to boat and fish. Kayakers will enjoy the Ohio River and the Miami River while the Sheldon Marsh State Preserve and Sandusky Bay will draw avid birdwatchers.
3. Access to world-class education
Ohio is home to several high quality higher educational institutions including The Ohio State University, Miami University – Oxford, University of Dayton, and Kent State University, just to name a few. Access to these prestigious universities brings interesting lectures, a vibrant and youthful culture, and even educational opportunities for retirees in Ohio.
4. Access to world-class healthcare
High-quality education is often accompanied by high-quality healthcare – and Ohio is no exception. Home to the world-renowned Cleveland Clinic and other highly regarded medical institutions like Christ Hospital, the entire OhioHealth system, and several university-affiliated hospitals, Ohio knows what it takes to age well and has the medical systems in place to care for retirees as needs change over time.
5. Ohio’s wine country
When you think of wine country, Napa Valley is probably the first region that comes to mind. However, Ohio wineries may be one of the nation’s best-kept secrets with the state boasting nearly 150 wineries, 60% of which grow their own fruit. In fact, there is a winery within 45 minutes of every resident in the state.
6. Walkable cities
Depending on where you live in Ohio, the cities can be walkable, helping seniors to maintain fitness, keep active, and still be able to see their city without driving. The most walkable city in Ohio is Lakewood, followed by Norwood, Cleveland, Athens, and Cincinnati – all boasting walk scores at 50 or above.
7. Tax benefits for retirees
Ohio is a tax-friendly state for retirees. Even though the state does tax income from pensions or retirement accounts (like a 401(k) or an IRA), there are credits available. And, Social Security retirement benefits are fully exempt from state income taxes.
8. Four seasons
While Florida and Arizona may draw retirees with promises of sun, Ohio draws retirees for its beauty in all four seasons. From bright sunny summer days to crisp autumn evenings, cozy winter nights watching the snow fall and gardens with early spring blooms, Ohio has all four seasons, showcasing all the beauty that comes with each one.
9. The Rock & Roll Hall of Fame Museum
Cleveland, Ohio is home to the Rock & Roll Hall of Fame. The 7-level museum features exhibits on the roots of rock and roll including gospel, blues, country, and bluegrass, as well as exhibits on cities that have majorly impacted rock and roll music. Boomers will love the exhibits on Elvis Presley, the Supremes, Bruce Springsteen, John Lennon and The Who.
10. The Appalachian Mountains
The Appalachian Mountains extend approximately 1,500miles and much of eastern and southeastern Ohio is covered by the mountain range and its foothills. The Appalachian Mountains in Ohio are the perfect place for adventurous seniors to hike, camp, and explore nature as it’s meant to be experienced.
MAKING THE MOVE
When evaluating the cost of senior living first think through your current expenses because so much of senior living is all-inclusive. Consider how much of your income is spent monthly on food, utilities, healthcare, house maintenance, and homeownership costs. Once you have a good understanding of how much it costs to live on your own, you will have a more comprehensive understanding of the cost of senior living.
You will also want to think through what is included at the community you are considering. Many of our communities include a wide range of amenities including,
- Regular housekeeping and linen services
- True restaurant dining, with made to order meals
- Engaging activities and social events
- Home maintenance and yard work
- Gym memberships and fitness classes through PrimeFit
- Language lessons
- Travel opportunities
- Assisted living and memory care services, if needed
Exactly how much your monthly rate is will depend on the care being received, amenities being used, and apartment style chosen.
The cost of senior living in Ohio ranges across the state, but the median cost of senior living in Ohio is $4178 per month, slightly higher than the national average.
YOUR DREAM RETIREMENT ON YOUR BUDGET
From traveling the world to exploring your own backyard, Leisure Care living is fun and easy. We offer assisted living, and memory care services at our communities in Mason, Ohio and Stow, Ohio. We will work closely with you and your family to create a lifestyle that meets care and budget needs while making the most of every day of retirement. Five-star fun. Five-star service. That’s our promise.
It’s your time to build your future. Contact us today to get started.