No longer a newbie, but still clueless.
- Mar 18, 2012
- Reaction score
- DC Suburbs
I loved living in Williamsburg, and sometimes wish we had never moved. I sometimes get in discussions with folks here about that and they say, "Well, Virginia is a very high tax state." To which I reply, "Virginia is also a very high median income state." I think people who focus just on the tax side of things miss out on the true equation. Yes, taxes are lower in TN or AL, but the median income is also lower.
Interestingly, because Huntsville, AL (nearby me) has a large federal presence, it is well-known among Virginians working for the federal government. They often retire here, where their house sale in Virginia can fund a similar size or bigger house with a BIG chunk of change left over. That's the best of both worlds – earn the big bucks there, then move here where it is cheap to live for retirement. It's one reason this area is exploding with growth.
We moved here in 1990. The sale of our 1,100 SF Williamsburg house on a quarter-acre lot funded the purchase of the small farm we live on here.
I've worked with more than a few people over the years who retired in/near Huntsville and paid cash for their new homes with the proceeds from their Metro DC homes.