Is Magic Valley Ideal for Retirement?
Magic Valley Retirement
The Magic Valley may be ideal for those wanting to retire and settle down. Located in Southern Idaho is the Magic Valley. The name “magic” should say it all. With its rugged trails and many outdoor activities. However, its picturesque views, clean fresh air, mild climate and four seasons, who can resist waking up to the Snake River’s welcoming sight and beautiful sceneries?Â
Active Retirement Lifestyle
The Magic Valley might be your place if you want a fun and active retirement lifestyle. There are more than a handful of trails you can take to hike in the majestic national parks. The great outdoors may be a game changer for you if you consider Magic Valley.
Great lakes, rivers, and hot springs. Not to mention, beautiful golf courses, museums, galleries, restaurants, and breweries. Idaho may not be top of mind when it comes to places to retire, but you only know if you visit this gem state. Â
According to the US Census of 2021, retiree’s in the Magic Valley who are 65 years old and above consists of; 16.1% in Twin Falls, 21% in Blaine County, 23.7% in Camas County, 14.7% in Cassia County, 18.3% in Gooding, 13.3% in Jerome County, 14.9% in Lincoln County, and 16.2% in Minidoka County.
There are several healthcare facilities such as, St Luke’s Magic Valley Medical Center in Twin Falls, Minidoka Memorial Hospital in Rupert and the Cassia Regional Hospital in Burley just to name a few.Â
Tax-Friendly State for Retiree’s
Social security benefit and prescription medicine are not taxable in the great state of Idaho. The low sales tax of 6% is also great news for seniors. Beginning in 2023, a flat 5.8% income tax will apply to taxable income over $2,500 ($5,000 for joint filers). Not to mention, you may qualify for a homeowner property tax exemption. Visit the Idaho Homeowner Tax Exemption page for more details.
Compared to most states, the low cost of living in Idaho would ensure that seniors can enjoy and make the most out of their retirement fund.Â
In conclusion, if you are planning to relocate and need help figuring out where to start, we can help. Don’t hesitate to get in touch with us for more details.
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