Texas' Affordability Rated Attractive to Retirees

People looking ahead to their golden years might check new national rankings for retirement destinations and decide they may not need to go all that far.

For retirees who want the most bang for their nest-egg buck, a new set of national rankings suggests that a prime place to be is ... right here in Texas.

WalletHub ranks Texas in the upper half of U.S. states among the places to retire -- and in the top10 in affordability.

WalletHub analyst Jill Gonzalez says Texas ranks 12th in total cost of living and 13th in the affordability of the kinds of in-home services that are often needed by seniors as they maintain independent living but need help in some areas.

Overall, WalletHub says that, dollar for dollar, Texas ranks 22nd nationally among the 50 states as a place to retire.

Gonzalez tells Newsradio 740 KTRH that Texas is also attractive to retirees because of its multiple tax advantages.

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