Oct 6, 201605:17 PMBlog

Gig Harbor is state's best place to retire

Oct 6, 2016 - 05:17 PM

Financial technology company SmartAsset has released a study of the Best Places to Retire in Washington, and the top 10 is peppered with South Sound cities.

Look no further than first on the list to find Gig Harbor, with its 12 percent tax rate, 11.5 doctor’s offices per 1,000 people and 23.6 percent of the population at senior age. The Pierce County city scored a state-high 87.60 on SmartAsset’s Best Place to Retire index, edging out Sequim (84.93) for the top spot.

Other South Sound communities making appearances near the top include Chehalis (scoring an 80.10 on the index), Olympia (73.70), and Centralia (73.25). The index was calculated by ranking cities by tax burden, medical care, and recreation and social activities, weighing each of the three factors equally.

Among each of the individual categories, the South Sound fared well. Several cities in the region, including Gig Harbor and Orting, tied for eighth on the list on the effective tax rate for a typical retiree (earning $35,000 annually from retirement savings, Social Security or part-time employment). Gig Harbor topped the list on doctor’s offices per 1,000 people, with Olympia in third and Puyallup sixth. And SmartAsset’s recreation index placed Gig Harbor tops among Washington cities, with Chehalis not far behind in fourth.

            

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