Jun 15, 2023

Why Nevada is a great place for seniors to retire

Manny Cominsky

Nestled amidst stunning landscapes and offering a vibrant lifestyle, Nevada stands out as an ideal haven for retirees seeking a fulfilling chapter in their lives. Beyond its famous glitz and glamour, the Silver State boasts a multitude of enticing features that make it an appealing destination for seniors looking to retire in style. While the absence of state income tax is undoubtedly an advantage, Nevada's allure extends far beyond financial perks. From an abundance of outdoor recreational activities and a thriving cultural scene to excellent healthcare facilities and a welcoming community, Nevada encompasses the perfect blend of relaxation, adventure, and fulfillment for seniors embarking on their golden years. To learn more about why Nevada is such a great place for seniors to retire, check out our comprehensive guide below or reach out to the Sunbound team for more information.

No state income tax

One of the best (if not the best) reasons for seniors to retire to Nevada is that it has some of the lowest retirement taxes in the entire country. The primary reason why Nevada has such low retirement taxes is that Nevada has no state income tax at all. This means that all forms of retirement income are untaxed at the state level. This means not only that Social Security is exempt from state taxes, but also that all forms of retirement income are exempt, including: 401(k)s, IRAs, and all other retirement accounts. This total exemption of retirement income from state taxes allows Nevada seniors to save significant amounts of money each year.

Along with exempting all income at the state level, Nevada also has incredibly low property taxes. While sales tax in Nevada is slightly higher than average, all things considered Nevada has some of the lowest taxes for seniors in the entire country, making it an ideal place for seniors to retire. 

Low Cost of Living

Along with having incredibly low retirement, another thing that allows Nevada seniors to have such an affordable retirement is the state's low cost of living. Compared to other states, Nevada offers a more affordable lifestyle, allowing retirees to stretch their budget further. The cost of housing, groceries, transportation, and healthcare in Nevada is generally lower than the national average. This affordability factor makes a significant difference for retirees, especially those who may be living on a fixed income. It enables them to maintain their financial stability and enjoy a comfortable retirement without worrying about excessive expenses.

Pleasant Weather Year-Round

Nevada's warm and dry climate is a major draw for retirees who seek to escape colder climates. With over 300 days of sunshine per year, Nevada provides an ideal environment for outdoor enthusiasts and those who enjoy an active lifestyle. The state's arid climate is particularly beneficial for elderly individuals with respiratory conditions, as the dry air can be soothing and promote better breathing. Moreover, the mild winters and hot summers allow for a wide range of outdoor activities to be enjoyed year-round, such as hiking, golfing, fishing, and even skiing in the nearby mountains.

Abundance of Outdoor Activities

Retirement is often associated with leisurely pursuits and a desire to spend time in nature. Nevada offers a plethora of outdoor activities that cater to retirees' interests. The state is home to stunning natural landscapes, including picturesque deserts, breathtaking canyons, and majestic mountains. Outdoor enthusiasts can indulge in hiking adventures along scenic trails, explore national parks, and enjoy camping under the starry skies. For golf enthusiasts, Nevada boasts numerous golf courses, providing ample opportunities to tee off amidst stunning backdrops. During the winter months, skiing and snowboarding are available in nearby mountain resorts, allowing retirees to experience the thrill of the slopes.

Entertainment and Cultural Attractions

While Nevada is renowned for its entertainment capital, Las Vegas, the state offers much more than just glitz and glamour. Las Vegas itself is a popular destination for retirees due to its vibrant nightlife, entertainment options, and world-class dining experiences. The city boasts a wide array of shows, concerts, and performances, ensuring there is always something exciting happening. However, Nevada's cultural offerings extend beyond Las Vegas. The state hosts numerous art galleries, museums, and theaters, providing retirees with ample opportunities to explore and appreciate the arts. Whether it's attending a ballet performance or visiting an art exhibit, retirees in Nevada can enjoy a rich and diverse cultural scene.

Retirement Communities and Cities

Nevada is home to several cities and communities that are highly suitable for retirees. These cities offer a range of amenities, healthcare facilities, and recreational options specifically tailored to the needs and preferences of older adults. Below are some of our favorite cities in Nevada for seniors based on factors such as the percentage of seniors, the number of recreation centers and retirement communities, median home value, and the overall safety of the area.

Gardnerville: Located in the scenic Carson Valley, Gardnerville offers a tranquil and close-knit community with beautiful mountain views. The town provides easy access to outdoor activities, including hiking and fishing, making it an ideal choice for nature lovers.

Laughlin: Nestled on the banks of the Colorado River, Laughlin is known for its thriving casino industry and lively entertainment scene. The city offers affordable housing options, recreational opportunities, and a welcoming community.

Mesquite: Mesquite is a charming desert town that provides a quieter lifestyle with access to stunning desert landscapes. The area offers several golf courses, resort-style amenities, and a strong sense of community, making it an excellent choice for retirees seeking relaxation.

Boulder City: Situated just outside of Las Vegas, Boulder City offers a peaceful retreat from the bustling city life. The city is known for its small-town charm, outdoor activities, and proximity to Lake Mead, where retirees can enjoy boating, fishing, and water sports.

Pahrump: Pahrump is a rural community located in the high desert, offering a laid-back lifestyle and wide-open spaces. Retirees can take advantage of affordable housing, golf courses, and the nearby Spring Mountains for hiking and wildlife viewing.

Carson City: Serving as the capital of Nevada, Carson City combines a rich historical heritage with modern amenities. The city offers a range of recreational opportunities, cultural events, and access to quality healthcare facilities.

Each of these cities offers its own unique charm and lifestyle options, ensuring that retirees can find a place their perfect retirement destination in Nevada.

To learn more about how Sunbound can help make senior living more affordable for you or your loved one, send us an email at info@sunboundhomes.com or request more information on Sunbound. Sunbound is the best way to pay for senior living and is on a mission to make senior living affordable for everyone.

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