Retire in Tucson

Affordability

Find out how much it costs to live in Tucson.

Cost of Living

Kiplinger Rating:

Tax Friendly

State Income Tax:

2.59-4.54%

Social Security Tax?

None

County + State Sales Tax

8.1%

Property Tax Rate *

0.9%

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

1478

* 2008-2010

Cost of Living Index (100=average):

93.3

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:

8.8%

Inheritance and estate taxes (per Kiplinger):

None

Taxing of other retirement income (per Kiplinger):

Mixed

Property Tax Break for Seniors (per Kiplinger):

Single homeowners and renters 65 and older who earn $3,750 or less and married couples who earn $5,500 or less are eligible for a property tax credit. Homeowners who are at least 70 years old, have either resided in their primary residence for at least six years or have lived in the state for at least ten years, and do not receive more than $10,000 of taxable income per year can defer their property taxes. Homeowners who are at least 65 years old, have resided in their primary residence for at least two years and fall below certain income limits (for 2014, one owner of a property must have total income of $34,608 or less, and multiple owners of a property must have income of $43,260 or less) can apply to the assessor by September 1 to have the valuation of their property frozen for three years. The freeze can be renewed every third year.

 

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

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Work Potential

  • Area
  • National Average

5 Largest Companies

  • University of Arizona
  • Raytheon Missile Systems
  • Davis-Monthan Air Force Base
  • Pima County
  • U.S. Border Patrol

GDP Growth Last 3 Years

7.2%

Income Growth Last 3 Years

7.7%

Employment Growth Last 3 Years

3.2%

Top Industries Hiring

  • Accommodation and food services
  • Retail trade
  • Administrative and waste management services
  • Other services, except public administration
  • Transportation and warehousing

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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