Cecilie Rohwedder

speaker

51 appearances 1 recordings 1 series first heard May 2023 last heard May 2023

Cecilie Rohwedder’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Forget Florida. Many Retirees Are Settling Down in Alabama. · 19 May 2023 podcast

You said it, houses are cheaper there than they are either in southwestern Florida or on the southeastern shore of Florida where people may have retired in the past.

The cost of living is lower as well.

Cost of living, of course, depends on the average salary in an area.

Those things are linked very closely.

And so in Baldwin County, the average salary is $49,000.

And that compares...

to 57 000 in lee county that's the county around ford myers and 67 in broward county now of course if the average salary in a region is lower that means your massages are lower your dinners your grocery bills and your gas everything is more affordable

I wanted to come back to one thing you asked initially, which is, isn't it great that in Florida there's no state income tax?

Well, if you're an older American who's no longer working, you don't have an income, that's not so relevant.

What is really relevant and makes Baldwin County even more attractive, especially to older Americans, is that it has one of the lowest property taxes in the country, in the nation.

All of Alabama and Baldwin County as part of Alabama is no exception.

Your property taxes are so low that some of the homebuyers I interviewed for the story, when they first bought their homes, they couldn't believe how low it was.

They thought, oh, wait, is that yearly?

Oh, no.

So that's another appeal.

It shows that people are watching their dollars just a lot more.

And as they're planning for retirement, they're also thinking about where is a place where I could buy a property that I may be able to rent out.

until I retire.

So while I'm still winding down my job and I'm in the last few years of my career, perhaps I already lock in those low prices in this part of Alabama now before they go up, because that will undoubtedly get discovered as well.

I lock in that low price and rent out this property, have someone else pay the mortgage until I'm ready to retire there full time.

Showing 21–40 of 51 · page 2 of 3