Best Places for Military Retirement

Best Places for Military Retirement presented by USAA and Military.com

#10 Syracuse, NY

Population: 643,298
Military Town: Fort Drum
Median Home Price: $125,200

Share |

The large metro area of Syracuse has a low cost of living, with a stable economy and affordable housing that has avoided the national downturn of home prices. The city is home to well-known Syracuse University, which provides the local residents with educational, sports and cultural activities. The nearest shopping resources for the military retiree are 80 miles away at Fort Drum, but there is a local Veterans medical center. And New York has no state tax on federal pensions.

USAA and Military.com worked with Sperling's BestPlaces to determine the variables on which 379 major metropolitan areas in the U.S. were evaluated against. Sperling's BestPlaces considers general quality of life issues along with variables that correspond directly to military retirees. The variables included:

  • Military base proximity
  • Military base amenities
  • Veteran's Affairs hospital proximity
  • Military pension taxation
  • Unemployment rate
  • Presence of colleges and universities
  • Affordability
  • Housing costs
  • Housing appreciation (2007-2010)
  • Economic stability

Each of the identified variables was weighted based on importance to military retirees, and each metro area was given a score based on its total points for each variable. The metro areas were ranked based on these scores. Metro areas where the median housing cost was 40 percent above the national median were excluded from the list.

Military Retired Pay Overview

The military retirement system is arguably the best retirement deal around. Unlike most retirement plans, the Armed Forces offer a pension with benefits, that start the day you retire, no matter how old you are.

Learn More

TRICARE for Retirees

So you are set to retire, but do you know what is going to happen with your health care? Can you really stand to lose your military health care benefits now that you're leaving and probably have a family to take care of?

Learn More

Online Retirement Center

Helpful tools and advice for military retirees whether you're just getting started, approaching or living in retirement.

Learn More

Who is USAA?

USAA was formed over 88 years ago by members of the U.S. military to meet the financial needs of servicemembers and their families.

At USAA, we believe that honesty, integrity, loyalty and service aren't just things you talk about — they're the way you live. That's why we work together to create complete retirement plans that include investments, life insurance, estate planning and health care solutions, to give you the freedom to do what's important to you.

We know what it means to serve. Let us serve you.

Learn More About USAA Membership

Syracuse, NY
Category Metro Area Statistics
Population 643,298
Median Home Price $125,200
Unemployment Rate 7.9%
Federal Pension Taxed No
Military Installation Name: Fort Drum
Proximity: within 66 miles
Amenities: Large commissary, medium exchange, 3 clinics
VA Hospital Proximity Local
Education Number of 4-year colleges: 8
Prominent Institution: Syracuse University

Ask June

Got money questions and looking for answers you can trust? Just Ask June! June Lantz Walbert is a CERTIFIED FINANCIAL PLANNER™ practitioner with USAA Financial Planning Services. She is also a lieutenant colonel in the U.S. Army Reserve with 19 years of service. Walbert's basic branch is Air Defense Artillery. She also is Airborne, Air Assault, and Canadian Air borne qualified.

Ask June Your Question

Money Matters

Subscribe to Military.com's Money Matters Newsletter and get tips and information on the VA home loan benefits, auto buying, military taxes, and smart budgeting.

Sign up for the Newsletter