Kiplinger Personal Finance has once again spotlighted Sherman and the surrounding areas as a great place for people looking to retire.

Kiplinger Personal Finance has once again spotlighted Sherman and the surrounding areas as a great place for people looking to retire.


On Monday, the national financial magazine chose Sherman as Texas’ best place to retire as part of a list of the best cities for retirees in each of the nation’s 50 states. Earlier this year, Kiplinger also picked the Sherman-Denison Metropolitan Area as one of the 12 cheapest places to retire in the nation.


"Sherman is in the top five communities with the lowest cost of living in the nation and Sherman offers a rich quality of life with a city full of friendly and helpful people and state-of-the-art medical services oriented toward those that are retired," John Plotnik, president of the Sherman Economic Development Corp., said. "I’m not surprised at all we were named the top city in Texas."


The magazine said the cost of living for area retirees is 13 percent below the U.S. average and 13.2 percent of the area’s population is 65 or older. While lifetime health care costs for a retired couple in Sherman are near the national average at $393,414, the magazine pointed out retirees can really save on housing-related costs in the area, as they are 24.8 percent below average.


"With a population of less than 40,000, the small city of Sherman offers retirees big savings," the magazine wrote in its article. "The median home value is $98,100 in Sherman proper and $79,100 in Denison (also part of the greater metro area) — well below the state’s $128,900 median."


"If Denison gets good press, it helps Sherman and when Sherman gets good press, it helps Denison," William Myers, vice president of economic development at the Denison Development Alliance, said. "People look at it as one community. When people are moving to the area, they’re not looking to see if the Yellow Jackets or the Bearcats won, they’re looking to make sure they’ve got quality health care and a place to get groceries and a good quality of life."


A good quality of life is one of the main reasons Sherman resident Tom Wilson said he’s stayed in the area following his retirement from General Telephone & Electric Corp. about 28 years ago.


"There’s a lot of things to do," Wilson said of the area. "We’re close to the Dallas-Fort Worth area, if you want to do something down there. We have the lake (Lake Texoma) that’s nice. We have a lot of museums that are interesting around the little towns. And I’m a born Texan, so I love the weather all year round."


Wilson regularly participates in pickleball, one of a number of activities and programs offered by the Sherman Parks and Recreation Department to seniors 50 and over. Denison recently announced plans for a $14 million multiuse park aimed at promoting a healthy lifestyle for area residents. Kiplinger also praised the area’s proximity to the Dallas Metroplex, and highlighted its shopping, eateries and community gatherings, as well as the Hagerman National Wildlife Refuge.


"Over the past several years, Sherman has worked to keep taxes low, housing affordable and local culture top-notch," Sherman Mayor David Plyler said in a city news release announcing the article. "Through those efforts, we have quietly built Sherman into a strong and welcoming community for retirees, young families and everyone in between. Sherman is a great place to discover, a great place to retire and a great place to call home."


For Texas’ neighboring states, Kiplinger — which has a monthly circulation of more than 850,000 — selected Tulsa, Oklahoma; Santa Fe, New Mexico; Hot Springs, Arkansas; and New Orleans as the best places to retire in their respective states.