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retire

Finding the Best Places to Retire Since 2006!

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Retire in Virginia Beach, Virginia?

Overview:   On the Mid-Atlantic coastline, pleasant, safe Virginia Beach is a resort city and Virginia's largest population center.  Somewhat spread out and suburban, it sits on the Atlantic Ocean at the mouth of Chesapeake Bay and has 35 miles of beaches, drawing thousands of sand, sun and surf lovers every year.  

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In fact, tourism is the city's main economic underpinning, with fishing, SCUBA diving, sailing and windsurfing particularly popular. The military boasts a strong presence here, too, with a Navy air station, a Navy base, a Navy training center and a national guard base.  Laden with shops and restaurants, the Virginia Beach oceanfront is a hotbed of activity from late April to early October.  The wide, three-mile long boardwalk is lined with hotels, restaurants, museums and arcades.  It is also home to musicians, jugglers, magicians, oceanside concerts and one of the city's three fishing piers.  While tourists come for the waterfront, residents enjoy more than 200 parks, a wildlife refuge, miles of walking trails, an aquarium, a dozen golf courses, two shopping malls and dozens of shopping centers. 

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The beautiful Sandler Center for Performing Arts is located in the Town Center and hosts Broadway shows.    Community centers are plentiful and have programs for all ages.   The most popular of the dozens of annual festivals are the Pungo Strawberry Festival in May and the Neptune Festival in late September.

The city has seven boroughs, and each borough has distinctive neighborhoods, many of which have their own park, school and firehouse.   Neighborhoods vary from modest to elegant.  Homes come in all shapes and sizes.

Population:  460,000 (city proper)

Percentage of Population Age 45 or Better:  27%

Cost of Living: 10% above the national average. 

Median Home Price: $255,000

Climate:   Summers are hot and sticky, with temperatures in the 80s and 90s.  Winters are cool, with temperatures in the 30s and 40s and an occasional dusting of snow.   On average, the area receives 47 inches of rain each year. 

At Least One Hospital Accepts Medicare Patients? Yes

At Least One Accredited by Joint Commission?   Yes

Public Transit:   Yes, provided by Hampton Roads Transit

Crime Rate:   Below the national average

Public Library:  Yes

Political Leanings:   Split evenly down the middle

Notes:   Virginia Beach is a diverse city and has a good reputation.  It is cleaner, safer and less urban than its neighbor Norfolk.   The city has 86,000 active duty military personnel and 47,000 retired military personnel.  Sentara Virginia Beach General Hospital is a primary stroke center and a Level III Adult Trauma Center.  

Is Virginia Considered Tax Friendly for Retirement?    Somewhat

Cons: It is estimated that one third of Virginia Beach's beaches are experiencing moderate to severe erosion.  

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Recommended as a Retirement Spot?    Yes

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Virginia:

The Commonwealth of Virginia is on the southern Atlantic coast. Nicknames include Old Dominion and Mother of Presidents (eight American presidents were born here). The motto for the state is Sic Semper Tyrannis, meaning Thus Always to Tyrants. This motto is on both the state's seal (designed in 1776) and the state's flag (first used in the 1830s).

The Virginia Company established the Colony of Virginia and Jamestown in 1607. The state was one of the Thirteen Colonies during the American Revolution and joined the Confederacy during the Civil War. Richmond was even named the Confederate capital. Today, the Virginia General Assembly is the oldest continuous legislative body in the Western world.

Western Virginia has a distictly rural, southern feeling while eastern Virgina is home to military installations and northern Virginia is where many Washington, D.C. lobbyists and government workers live.

The Blue Ridge Mountains, Chesapeake Bay, the Shenandoah Valley and miles of eastern shore beaches are Virginia highlights.

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Stats:

Population - 8,411,808 

Persons 65 years old and over - 15%

High school graduates, persons age 25+ - 88% 

Bachelor's degree or higher, persons age 25+ - 36% 

Persons of Hispanic or Latino origin - 9% 

White persons, not Hispanic - 62% 

Median household income - $65,015 

Median home value - $245,000 

Social Security taxed? No

Source: U.S. Census Bureau

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