TOP RETIREMENT STATES | H O M E S | Master-planned Communities & Residential Towers | Florida | Arizona | California | Nevada | Texas | Panama | | | Beach Homes | $850,000 + | None | $700,000 + | None | $ 650,000 + | $ 400,000 | 2,500 sq.ft. | | Inland or Mountain home | $ 350,000 | $ 325,000 | 400,000 | $ 360,000 | $ 325,000 | $ 245,000 | 2,500 sq.ft. | | Island home | $1,500,000 | None | None | None | $ 650,000 + | $ 650,000 | 3,500 sq.ft. | | City Residential Tower | $ 443,000 | $500,000 | $674,000 | $ 600,000 | $ 450,000 | $ 185,000 | 1,400 sq.ft | | Homes were selected in master planned communities offering similar amenities to those offered in Panama. |
I N S U R A N C E |
| Florida | Arizona | California | Nevada
| Texas
| Panama | | Home Insurance per year | $ 786
| $ 750+
| $ 750+ | $ 750+ | $ 750+ | $ 300 | Average Home insurance costs were basedon average home prices in the U.S. and do not reflect actual costs for homes of higher value than $200,000.00. Insurance for a homes of higher value than $ 200,000.00. Insurance for a home in Panama was based on $200,000.
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E N E R G Y | | Florida | Arizona | California | Nevada | Texas | Panama | | Heating costs Average per home | $921 | $ 695 | $ 695 | $ 695 | $ 921 | NONE | Heating costs are for natural gas and homes of about 2000 square feet.
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T A X E S | | Florida
| Arizona
| California
| Nevada | Texas
| Panama | Property tax
Real Estate
| 2.1% | .7-1% | 1.40% | 2.03-2.9% | 2.20% | None | | Sales tax (state & Country average) | 6.5-8.5% | 6.3-10.2% | 7.75% | 6.5-7.75% | 6.25-8.25% | 5% | State personal income tax
| None | 3.8-7% | 9.3%+
| None | None | None | Estate Tax
| Yes | None | Yes | None | Yes | None | State without income tax tend to have high "fees" for other services in order to generate revenue. The states average tax burden is about 10% of the per capita income of $ 35000.00. Tax exemptions apply for new construction. There are some property taxes that apply to land. See our reference website for details. |
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