Editors with Where to Retire magazine have chosen Chattanooga to be profiled in the September/October feature story, “15 Low-Cost Towns.”
"With below-average living costs, affordable homes and low taxes, these 15 towns let your retirement dollars go further,” Editor Mary Lu Abbott said in a prepared statement.
“Our collection includes coastal gems; four-season locales, such as Chattanooga; and mountain/desert retreats," she also said. "Each destination packs plenty of appeal and will keep retirees busy with a wealth of outdoor adventures, a rich history to explore, modern-day cultural events and educational amenities.”
Each year, 700,000 Americans relocate to new towns to retire, according to Where to Retire.
Transplants bring economic benefits to their new states and hometowns.
Nationally, 24 states and hundreds of towns seek to attract retirees as a source of economic development, magazine representatives said in a news release.
The September/October 2012 issue will be available nationwide Aug. 14.
Tennessee recently unseated Florida as the best place to retire, according to research from TopRetirements.com.
The Volunteer State made the list because of its low cost of living, climate and appealing tax requirements.
State leaders have a website dedicated to promoting the state as a great place to retire. The website boasts that the state has a high quality of life at a low cost of living.
According to the Retire Tennessee site, which cites the ACCRA Cost of Living Index, Tennessee's cost of living is 10 percent less than the national average.
There is a 6 percent sales tax in the state and no personal income tax.
From state parks to music and history, the website also lists the state's amenities that contribute to "the good life" in Tennessee.
