Retire in Auburn

Affordability

Find out how much it costs to live in Auburn.

Cost of Living

Between a very low cost of living index rating of ~94, and a Kiplinger rated "Tax Friendly" state, you might finally to be able to afford those Auburn football season tickets, as your money will go a very long way in the city. A low state sales tax and income tax will keep you smiling for years to come.

Kiplinger Rating:

Tax Friendly

State Income Tax:

2-5%

Social Security Tax?

None

County + State Sales Tax

9%

Property Tax Rate *

0.5%

Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *

2474

* 2008-2010

Cost of Living Index (100=average):

93.6

Housing + transportation costs as % of income:

53%

Tax Details

State Sales Tax Breaks for Seniors:

None

Pensions Taxed?

Mixed

Tax burden: % income going to state and local taxes:

8.3%

Inheritance and estate taxes (per Kiplinger):

None

Taxing of other retirement income (per Kiplinger):

Mixed

Property Tax Break for Seniors (per Kiplinger):

Homeowners 65 and older are exempt from all state property taxes. Some cities assess separate property taxes. Seniors age 65 and older with taxable income of $12,000 or less on their federal return may qualify for an exemption from county and city taxes with no maximum amount. Seniors age 65 and older with taxable income of more than $12,000 on their federal return but less than $12,000 adjusted gross income on their state return qualify for an exemption of $5,000 of assessed value from their county taxes. Seniors who don't meet the above income limitations may qualify for a county homestead exemption worth no more than $2,000.

 

For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

Real Estate

eRetirements has partnered with a network of over 12,500 top performing Realtors covering 91% of the United States. These Realtors will show you around town, assist you in viewing properties, and provide you with local info that would be nearly impossible to discover on your own.

Real Estate overview not available for Auburn

To learn more about real estate in Auburn book a visit and we'll help you find the right place to live.

Work Potential

For those of you looking to keep working full time, Auburn may be a great location for you-nearly half of those employed who are 65+ have full time jobs. There should be plenty of opportunities with an economy that has grown at a clip of ~18% the last few years, especially for those interested in working in education or government.

  • Area
  • National Average

5 Largest Companies

  • Auburn University
  • East Alabama Medical Center
  • Lee County School Systems
  • Auburn City School
  • Wal-Mart

GDP Growth Last 3 Years

17.2%

Income Growth Last 3 Years

13.3%

Employment Growth Last 3 Years

10.6%

Top Industries Hiring

  • Administrative and waste management services
  • State government
  • Accommodation and food services
  • Manufacturing
  • Other services, except public administration

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

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