- by C.C.
- Property Tax Rate: 1.055 percent
- Cost of Living: 97.6
- Average Monthly Health Insurance Cost: $296
You don’t have to travel far to get to the next state on the list of best options for retiring rich: Norfolk is about a 90-minute drive from Richmond.
However, despite scoring two cities in the top 10, not all Virginia residents appear to be planning to retire rich: Most admitted to only having between $10,000 and $49,999 saved for retirement in a GOBankingRates survey.