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retire

Finding the Best Places to Retire Since 2006!

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Retire in Madison, Mississippi?

Overview:  Named after the fourth president of the United States, Madison is on the banks of the 33,000-acre Ross R. Barnett Reservoir in central Mississippi and grew up around an Illinois Central Railroad station.

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Less than 20 minutes north of Jackson, Madison is a pretty city and boasts a small-town curb appeal. It is also one of state's few certified retirement communities. The city manages parks, nature trails, and an arboretum. The Natchez Trace Parkway runs along its eastern border, and the reservoir permits boating, fishing and kayaking. Its parks, launches, and marinas include Old Trace Park which hosts a variety of pop and classic concerts. Bikers and hikers can connect to the Natchez Trace trail from the Reservoir Overlook parking area. The downtown Madison Square Center for the Arts has classrooms and studios. Neighbors meet for classes in art, dance, music, and drama.

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The city's Red Caboose, at the heart of the Center property, hosts a farmers' market, a scarecrow festival, and a month-long community picnic called "Swing into Summer." Pickenpaugh Pottery and Gallery also offers classes for adults. Neighhorhoods are shaded with housing styles that include bungalow, plantation, federal, colonial and more.

Population:  26,000 (city proper)

Percentage of Population Age 45 or Better:  40%

Cost of Living:  5% above the national average

Median Home Price: $245,000

Climate:    Summers are hot and steamy, particularly after the rains come. Winters are mild and damp. On average, the area receives 54 inches of rain per year.

At Least One Hospital Accepts Medicare Patients?  No

At Least One Hospital Accredited by Joint Commission?   No. The nearest hospital, which happens to be accredited, is in Jackson, 10 miles away.

Public Transit:   No

Crime Rate:   Below the national average

Public Library:    Yes

Political Leanings:   Conservative

Is Mississippi Considered Tax Friendly for Retirement?    Somewhat

Cons:    None

Notes:    Madison has some racial diversity and has grown by 250% within the last couple of decades. The city's retirement program offers classes and activities - yoga, dance, coffees and more - at the Community Center.

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Recommended as a Retirement Spot?    Yes

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Mississippi:

The Magnolia State entered the Union on December 10, 1817. Prosperous cotton plantations dominated the landscape during the first half of the 19th century. After the American Civil War, the state struggled to find a new economy. Mississippi became a battleground for the Civil Rights Movement.

The state's topography is primarily hilly. The flat, alluvial Mississippi Delta stretches between two rivers and contains 2.7 million acres of wetlands. Blues music has its origins there. Residents of the state experience long, hot summers and short, mild winters.

Mississippi continues to produce cotton, but over cultivation has led to diversification. Rice, soybeans, and aquaculture have helped boost the state's fragile economy. Petroleum and natural gas mining are recent developments and have helped the state move toward the manufacture of chemicals and plastics.

Musicians born in Mississippi include Jimmy Buffet, Elvis Presley, and Leontyne Price. Doctors at the University of Mississippi Medical Center performed the world's first human lung transplant in 1963 and the first heart transplant in 1964.

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Stats:

Population - 2,988,726 

Persons 65 years old and over - 15%

High school graduates, persons age 25+ - 82% 

Bachelor's degree or higher, persons age 25+ - 21% 

Persons of Hispanic or Latino origin - 3% 

White persons, not Hispanic - 56% 

Median household income - $39,665 

Median home value - $103,100 

Social Security taxed? No

Source: U.S. Census Bureau

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