Retiring in Savannah, GA Vs. Charleston, SC

If you're considering retiring to either Savannah, Georgia or Charleston, South Carolina you will find the cities share many attributes. They both feature hot summers, colorful histories and more than a few ghost stories. Both are relatively affordable places compared to other popular retirement cities and have dining and arts scenes. Choosing one over the other might involve factors such as proximity to family and friends or other personal preferences. Consider other factors, too, such as the frequency of hurricanes or property taxes.
  1. Taxes and Home Costs

    • Property taxes in Savannah, Georgia and Charleston, South Carolina, vary year to year. For 2010, Savannah's property taxes were at 13 percent, Charleston's were 18 percent. A benefit for home owners in Savannah, Georgia, is the property tax is assessed at the date of the home's purchase and doesn't increase as the home appreciates in value. Only when the house is sold will the property tax be re-assessed. The median home cost. as of 2011, in Savannah, Georgia, is $130,000. The median home cost in Charleston, South Carolina, is $272,000.

    Retirement Community

    • Choosing a retirement city is a priority for some people. Keeping company with others who are in the same phase of life will have a positive impact on your social well-being. Both Savannah, Georgia, and Charleston, South Carolina, have significant numbers of retirees. Eight percent of Savannah's residents are over 55. Charleston's retirees have long made up a significant portion of the population with 20 percent over 55.

    Lifestyle and Culture

    • Both Charleston, South Carolina, and Savannah, Georgia, offer cultural activities. Both are located near the Atlantic coast with numerous nearby day and weekend trip possibilities. Home to the first theater in the U.S., Charleston has a thriving modern theater scene. Savannah is home to Savannah College of Art and Design which attracts artists. The city hosts art galleries and sponsors several art fairs, exhibits and lectures.

    Weather

    • Savannah, Georgia, has slightly higher average temperatures, peaking in July at 92 degrees. Charleston, South Carolina, being directly on the water, brings in some cooler breezes and averages about 89 degrees at the height of summer. January lows for both cities are around 60 degrees.

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