Here’s why Springfield was named among top US retirement destinations
Springfield has earned national recognition as one of America’s premier retirement destinations, ranking sixth on a recent list of the 50 best places to retire in the United States.
The analysis, conducted by Investopedia and Travel + Leisure, praised the Massachusetts city for offering a “big city feel without a big city price tag” while providing an attractive combination of affordability, cultural amenities and healthcare access.
For retirees concerned about finances, Springfield presents several advantages. Massachusetts doesn’t tax Social Security benefits or public pension income. Seniors 65 and older who own or rent property can also benefit from the state’s refundable Senior Circuit Breaker Tax Credit, which amounts to $2,730 for the 2024 tax year.
Housing remains relatively affordable compared to other Northeast locations. In Hampden County, where Springfield is located, the median home value is $276,300, with median monthly housing costs of $1,309.
The city boasts rich cultural offerings that can keep retirees engaged and entertained. Downtown Springfield features the Quadrangle, home to several museums including ones dedicated to Dr. Seuss, science and art. The Springfield Public Forum brings nationally recognized speakers to the area, while the MassMutual Center hosts various events.
Outdoor enthusiasts will appreciate that over 10% of Springfield’s land is dedicated to urban parkland, including two accredited golf courses.
A view of downtown Springfield Mass. as pictured on Wednesday, March 28, 2024.Sebastian Restrepo
Healthcare accessibility, a critical consideration for retirees, is another Springfield strength. Hampden County has 22 hospitals and 683 other healthcare facilities, including Baystate Medical Center and Mercy Medical Center in Springfield. The state exempts prescription medications and medical devices from sales tax and offers income-based home healthcare services for residents 60 and older.
Related: 2 Mass. cities named as some of the best places to retire in the country
Transportation options in the city include an Amtrak station and a Peter Pan Bus Lines hub. While the downtown area is considered “very walkable” according to the Economic Research Institute, residents likely need a car for general transportation. Bradley International Airport is about 20 miles away.
With a population exceeding 155,000, Springfield offers retirees the amenities of urban living while remaining more affordable than many larger cities.
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Generative AI was used to help produce this story, based on source material. It was reviewed and edited by MassLive.
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