Planning for retirement? You wonder what everything costs to help you plan accordingly. Arizona is a popular retirement destination. The sunshine is abundant, and Arizona is cost effective for seniors. There is no tax on Social Security income. You will be taxed on other retirement accounts such as 401K and IRAs. Property taxes are also relatively reasonable. Let’s see how Surprise stacks up to other areas.
Many seniors choose to live in assisted living to have activities and to skip the maintenance and cleaning of a home. There is one monthly fee that covers the majority of expenses. In the Phoenix area, the average cost is $3,250 a month, and this includes housing, food, and some utilities.
The average home is selling for around $113 a square foot according to Zillow, which is an increase of 8.5 percent from the previous year. Zillow lists Gilbert’s market as “hot,” so there are probably some good deals out there. Prices are most likely to continue to rise. You can probably find some good deals now.
Thinking about renting? The average apartment rents for $1,195 within the city of Surprise, which is cheaper than the Phoenix Metro average of $1,290.
In Maricopa County, Medicare spent $2.73 billion, which is higher than the national average. With the dense population, that equals spending at about $9,023 per beneficiary compared to $9,501 countrywide.
Health care is tricky to plan. To save money, you should choose providers who accept Medicare assignment fees. Otherwise, you will be charged the difference of the Medicare fee and what the provider charges.
While the price of gasoline is now relatively inexpensive, car insurance can come at a steep premium depending on several factors. Arizona drivers typically pay annual premiums ranging from $900 - $2,300, depending on driving record, credit score, the amount of coverage, and more. You can lower your premium and save money. First, shop around for the best rate at multiple insurance agencies including independent agents and captive agents, who only sell insurance from one company. You should select the same insurance company for your home/renter and auto policies. Bundling together will save you money. Make sure you are only paying for the miles you drive. There are low mileage discounts available.
Leave the driving to someone else! Valley Metro provides reduced rates for seniors over the age of 65.
Surprise has many attractions that won’t cost you any money. Second Sunday in the Park features live bands and more entertainment, and most attractions are free. Smell the roses at Woolf Leyton Roses, which harvests 5 million to 6 million rosebushes a year. The field is so stunning in the spring and is worth a drive-by. Be sure to check out parks, the library, or take a hike through White Tank Mountain Regional Park. Here are other ideas to do in Surprise.
Find assisted living in Surprise near you.