Richmond is a city of diversity, which makes it an appealing retirement destination. Multiple news organizations have recognized this old town as an excellent spot for older people to take up residence. Heritage, art exhibitions, exciting events, and an unlimited range of scenic areas and entertainment options are all within easy reach in Richmond. Here are reasons why you should consider retirement in Richmond, VA.
Tax-Friendly
Residents 65 and over can exclude over $10,000 per individual from IRAs, pensions, and other retirement funds, depending on income qualifying requirements. This is wonderful for older folks who want to protect their retirement funds.
Four Seasons
Richmond is a fantastic place to live if you want to experience all four distinct seasons. The summers are warm and humid and the fall and spring are exceptionally nice with rainfall on selected days. Residents of Richmond even get to enjoy mild wintertime. For folks who can’t handle snow, don’t be put off by the thought of it; on average, this Virginia community receives only 11 inches per year.
Family-Friendly
This family-friendly city offers much to keep the young-at-heart entertained. The Virginia Science Museum, set in a stately historic train station, is jam-packed with intriguing displays. The Children’s Museum of Richmond is right next door and is great for your grandkids when they visit. The children’s farm at Maymont is a definite favorite before you indulge in picnic sessions amidst the estate’s expansive fields.
Easy to Get Around
Most districts in Richmond are easily walkable or bikeable. The city has been emphasizing public transportation options and biking paths in recent years. But some residents rely on their automobiles to move about so you can drive when you feel like it or take the public transport on selected days. Residents of the metro region have a 25-minute commute time on the median to get around.
Art- and Cultural-Rich
The Modlin Center for the Arts at the University of Richmond draws retirees with music, dance, drama, creative arts, live streams, conferences, and more. Because Richmond is also the capital of the state, there are a plethora of cultural options. Altria Theater, Virginia Science Museum, Black History Museum, Elegba Folklore Society, and Virginia Holocaust Museum are among the sites to visit.
Variety of Housing Styles
Rocketts Landing, which borders the James River on the eastern edge, attracts a range of retirees. On Church Hill and in the Museum and Fan quarters, multicolored rowhouses with front patios on tree-lined streets can be easily found. Libbie Mill-Midtown, a master-planned neighborhood 15 minutes from downtown, provides townhouses, condominiums, and apartment complexes in a pedestrian-friendly town with boutiques, eateries, and a state-of-the-art library.
There are plenty of real estate properties for you to call home for the rest of your life. You may be within easy reach to a variety of gardens, food outlets, and riverfronts, based on where you decide to settle. It’s easy to make a friend over a small drink at the local pub or while you’re walking your furry kid. Will you make this lovely, unique part of the United States your permanent residence?
