Madison, WI is a Top City for Veterans
Madison, WI, has the lowest unemployment rate on this list. On the flip side, it's got the highest median home price of our 10 picks, but home prices here have remained stable and proved to be a good investment for residents.
The economy of the surrounding region is anchored by health-care companies, agriculture (yes, dairy) and advanced manufacturing. Federal pensions are not taxed in Wisconsin, but military retirees have a bit of a drive to the nearest tax-free commissary. Fort McCoy is about 90 miles away. There is a VA medical center close by.
Madison made Money magazine's 2008 list of America's best small cities and Military.com picked it as one of the "Best Places for Military Retirement." Residents enjoy a vast amount of outdoor activities, in a relatively cool climate, that range from swimming and hiking in the summer to ice fishing and snowmobiling in the winter. Madison has a highly ranked education system and is close to a dozen state parks. The city is also home to the University of Wisconsin and was picked as one of our "Top 10 College Towns."
Median home price: $216,500
Unemployment rate: 5.5%
55 and over: 21%