{"id":16769,"date":"2024-04-02T12:33:19","date_gmt":"2024-04-02T17:33:19","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=16769"},"modified":"2024-04-02T12:34:11","modified_gmt":"2024-04-02T17:34:11","slug":"settling-down-in-the-heartland-your-guide-to-retiring-in-iowa","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/settling-down-in-the-heartland-your-guide-to-retiring-in-iowa","title":{"rendered":"Settling Down in the Heartland: Your Guide to Retiring in Iowa"},"content":{"rendered":"

A Bankrate<\/b> survey<\/b><\/a> ranked Iowa to be the top state to retire in last year. This had many wondering, \u2018Why Iowa?\u201d\u00a0<\/b><\/p>\n

When it comes to choosing a <\/span>retirement<\/span><\/a> destination, wealthy individuals often have a plethora of options at their disposal. From bustling cities to exotic locales, the choices can seem endless.\u00a0<\/span><\/p>\n

However, amidst the array of possibilities, there’s one hidden gem that stands out as a surprisingly perfect choice: <\/span>Iowa<\/span><\/a>. While it may not boast the glitz and glamor of some other destinations, Iowa offers a unique blend of charm, affordability, and quality of life that makes it an ideal retirement destination.<\/span><\/p>\n

Learn more in our comprehensive guide to <\/span>retiring in Iowa<\/span><\/a>.\u00a0<\/span><\/p>\n

Why Is Iowa the Best State to Retire In?<\/b><\/h3>\n

In 2023, <\/span>Iowa ranked 20th nationwide<\/span><\/a> in the percentage of the population age 65 and older, at 567,581 people. Here are the top four reasons why. <\/span><\/p>\n

\"\"1. Affordability<\/b><\/p>\n

One of the most compelling reasons for wealthy individuals to retire in Iowa is the state’s affordability. Iowa offers a <\/span>5% lower cost of living than the national average<\/span><\/a>, without compromising on quality. <\/span>Housing prices<\/span><\/a> are also notably affordable, <\/span>at 17% lower than the national <\/span><\/a>average, allowing retirees to stretch their dollars further and enjoy a higher standard of living.<\/span><\/p>\n

Additionally, Iowa has a very favorable <\/span>tax environment<\/span><\/a>. Iowa has <\/span>lenient inheritance tax laws<\/span><\/a> which are set to be fully repealed by Jan. 1, 2025, with gradual annual decreases until then. Lineal descendants are exempt, but siblings face 1-2% rates and other relatives face 2-3% rates, with amounts over $100,000 facing the highest rate. <\/span>Estates<\/span><\/a> under $25,000 are exempt, and <\/span>gifts<\/span><\/a> made within three years of death may be subject to the <\/span>tax<\/span><\/a>.<\/span><\/p>\n

2. Quality of Life<\/b><\/p>\n

Beyond affordability, Iowa boasts a high quality of life that’s sure to appeal to <\/span>wealthy retirees<\/span><\/a>. The state is renowned for its friendly Midwestern hospitality, tight-knit communities, and a strong sense of civic pride.<\/span><\/p>\n

Iowa is known for its natural beauty, with many parks, forests, and lakes for retirees to explore. The state is home to more than 70 state parks and recreation areas, including the popular <\/span>Maquoketa Caves State Park<\/span><\/a>. Iowa is also home to several scenic rivers and lakes, such as the Mississippi River, which provides opportunities for fishing, boating, and other water activities.<\/span><\/p>\n

Whether you’re exploring charming small towns, attending cultural events and festivals, or simply savoring the natural beauty of the countryside, Iowa offers a fulfilling and enriching <\/span>retirement experience<\/span><\/a>.<\/span><\/p>\n

3. World-Class Healthcare\"\"<\/b><\/p>\n

For <\/span>wealthy retirees<\/span><\/a>, access to high-quality <\/span>healthcare<\/span><\/a> is a top priority. Fortunately, Iowa is home to some of the <\/span>best medical facilities in the nation<\/span><\/a> and <\/span>healthcare<\/span><\/a> providers renowned for their\u00a0excellence and innovation.\u00a0<\/span><\/p>\n

From top-ranked hospitals to cutting-edge research institutions, Iowa offers comprehensive <\/span>healthcare services<\/span><\/a> that rival those found in larger urban centers. Whether you’re seeking routine medical care, specialized treatments, or preventive services, you can rest assured knowing that <\/span>Iowa<\/span><\/a> has you covered.<\/span><\/p>\n

4. Retirement Communities<\/b><\/p>\n

Retirement<\/span><\/a> communities can be an ideal option for retirees seeking a more active and social lifestyle. Iowa has numerous retirement communities, each offering unique amenities and services to help meet the needs of its residents. Depending on your needs, certain <\/span>retirement<\/span><\/a> homes will provide various social activities. Some may offer swimming pools, and golf courses to keep residents engaged and entertained.<\/span><\/p>\n

For retirees who require specialized care, Iowa offers <\/span>retiremen<\/span><\/a>t communities that cater to their unique needs as well. These communities provide personalized care and support while helping to ensure that residents continue to enjoy an active and engaging lifestyle. With a variety of <\/span>retirement<\/span><\/a> community options available in Iowa, retirees can choose the perfect place that meets their specific requirements and preferences to make their <\/span>golden years<\/span><\/a> comfortable and fulfilling.<\/span><\/p>\n

Where Are the Best Places in Iowa to Retire?<\/b><\/h3>\n

When it comes to the best cities in <\/span>Iowa<\/span><\/a> to retire in, several stand out for their unique combination of amenities, affordability, and quality of life. Here are some top contenders:<\/span><\/p>\n

\"Iowa<\/p>\n