Top 5 Reasons to Retire in Corpus Christi, Texas
February 4, 2022— Home Buying Tips, Planning & Budgeting, Resources, Top Resources
Hard as it may be for some to believe, the pandemic has set fire to Corpus Christ, Texas’ housing market.
Many have anticipated that the COVID-19 pandemic would hurt the market, adding to the woes of an already struggling economy. Surprisingly, the hard times have opened doors of opportunity for a lot of people. Many – especially retirees – are migrating from cities with a high cost of living and buying new homes for sale in Corpus Christi, an area that is known for having more affordable homes.
When you think about retiring and Southern living in the U.S., the state of Texas with its warm hospitality and sunny climate is often top of mind. Dubbed as the “Sparkling City by the Sea,” Corpus Christi is a popular vacation destination, but some lucky ones get to call it their home.
Here are some of the good reasons why people are retiring in Corpus Christi, Texas.
Expect a lot of sun
Like its residents, the weather in Corpus Christi is largely sunny. Every year, the area sees more than 200 days of sunshine – which translates to plenty of time to enjoy the warm climate.
Winters are mild
Winters are typically short, snow-free, and mild, with lows that rarely drop below 50 °.
It’s the perfect place to slow down
For those wanting to get away from big city life, Corpus Christi is ideal. With a laid-back atmosphere and a population of only over 327,000, it’s a small and charming city. Since 2020, it has had a growth rate of only about 7 percent.
Low housing prices
Situated near the Gulf of Mexico, this seaside city is known for its affordable housing options. The city has a median home price of only $114,600. Providing they have a mortgage, those who are aged 65 and above pay a median of $1,234 per month. This amount drops to $488 for retirees who have already paid for their homes.
The Texas state doesn’t have a state income tax, and this means that all types of retirement income are tax-free, like Social Security retirement benefits. It is important to know, however, that Texas has some of the highest property taxes among the U.S. states.
Whether you are looking for affordable housing, warmer weather, or lower taxes, Corpus Christi Texas has it, making it a haven for retirees. If you are in the market for a new house in Corpus Christi, Texas, we invite you to get in touch with us today.
“Climate in Corpus Christi, Texas,” Best Places, https://www.bestplaces.net/climate/city/texas/corpus_christi
“Climate and Average Weather Year Round in Corpus Christi,” WeatherSpark, https://weatherspark.com/y/7960/Average-Weather-in-Corpus-Christi-Texas-United-States-Year-Round
“Corpus Christi, Texas Population 2021,” World Population Review, https://worldpopulationreview.com/us-cities/corpus-christi-tx-population
“Corpus Christi, Texas,” Best Places, https://realestate.usnews.com/places/texas/corpus-christi
“Taxes in Retirement: How All 50 States Tax Retirees,” Kiplinger, https://www.kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retirees