Southaven, Miss.
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| Southaven, Miss., is a tax haven and regional medical hub. |
Population: 49,000
% over 50: 28%
Median home price: $145,000
Top state income tax: 5%
Cost of living index: 88
This vibrant little city is a suburb of Memphis, but since it's located on the Mississippi side of the state line it offers some unique tax perks: For homeowners 65 or older, the first $75,000 of a primary home's market value is exempt from property taxes. Not bad, considering you can find a great rambler for less than $150,000. Meanwhile, qualified retirement income and Social Security income is exempt from state taxes.
But Southaven is more than just a tax haven. It's also a regional hub for medical care, thanks to its state-of-the-art, 339-bed Baptist Memorial Hospital-DeSoto.
Of course, a town can't be located that close to Memphis without offering something for music lovers. Southaven's DeSoto Civic Center and Snowden Grove Amphitheatre are a destination for big-time music and entertainment acts. It's also an easy drive to the blues clubs on Beale Street or the northern tip of the famous Mississippi Blues Trail.
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