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The 10 Best Places To Retire In The United States | Affordable & Cheapest - YouTube
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When it comes to retiring, most people want
the same things.
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A peaceful, affordable, yet stimulating place
that allows optimal enjoyment of the Golden
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Years.
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It can be overwhelming when it comes to choosing
a new city.
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There are plenty of places you can retire
cheaply that boast plentiful entertainment,
[25]
charming neighborhoods, affordable property,
temperate weather, and lots of other retirees.
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1. Pittsburgh, Pennsylvania.
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Pittsburgh combines low housing costs with
a high quality of life.
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The median cost of homeownership is $1,100
per month for retirees making mortgage payments
[46]
and $470 monthly for those with paid-off homes,
according to Census Bureau data.
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The median home price among older homeowners
is $140,000.
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Renting is also an affordable option for retirees
who don’t want the responsibility of maintaining
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a home.
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The median rent for people age 60 and older
is $670 per month.
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Pittsburgh is an ideal retirement spot for
retirees who are no longer able to drive.
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Free public transportation on the bus and
rail systems is provided to residents age
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65 and older.
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2. Nashville, Tennessee.
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The housing prices in this melodious city
will sound like music for your retirement
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budget.
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Older homeowners face monthly housing costs
of $1,200 with a mortgage and $430 with a
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paid-off home.
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The median home value among people age 60
and older is $230,000.
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Renting an apartment costs a median of $830
per month in Tennessee’s state capital city.
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There are also tax perks for Tennessee residents
who plan to work in retirement.
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The state of Tennessee doesn’t tax earned
income, but does tax dividend and interest
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income.
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3. San Antonio, Texas.
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San Antonio features a cost of living that's
slightly lower than the national average,
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with the median home sale price below the
national median as well.
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Active adults in retirement will find every
kind of housing choice – from dedicated
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retirement communities to all types of housing
in the city’s neighborhoods.
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San Antonio offers big-city amenities and
world-renowned attractions coupled with a
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relaxed and inviting atmosphere.
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Most famously known as the home of the Alamo,
the spirit of the region expands beyond its
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tourist labels, offering a community rich
in Spanish and Old West heritage.
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San Antonio's sees approximately 300 days
of sunshine per year.
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During the winter, below-freezing temperatures
and snow are very uncommon.
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4. Palm Bay-Melbourne, Florida.
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The home of Kennedy Space Center and Cape
Canaveral Air Force Station is often referred
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to as the Space Coast.
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A beach retirement along the Atlantic Ocean
can be enjoyed at a reasonable price in the
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metro area that includes Palm Bay, Melbourne
and Titusville.
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The area has affordable housing, costing retirees
age 60 and older a median of $1,200 per month
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with a mortgage, which declines to $440 among
those with a paid-off home.
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The median home price is just $190,2000.
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You could also rent an apartment on a modest
retirement income.
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Renters pay a median of $900 to live along
this part of Florida’s east coast.
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5. Greenville, South Carolina.
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Located about halfway between Atlanta and
Charlotte, Greenville has considerably more
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affordable housing than these larger cities.
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The median home value among people age 60
and older is only $160,000.
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Mortgage-free retirees can live in Greenville
for a median of $320 per month, while those
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making mortgage payments have $1,000 in monthly
housing costs.
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Renting a house or apartment allows you to
test out a retirement spot before committing
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to a home purchase.
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It costs a median of $700 per month to rent
a home in Greenville.
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6. Grand Rapids, Michigan.
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You don’t need a fortune to retire in Grand
Rapids.
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The median home price among people age 60
and older is just $170,000, according to Census
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Bureau data.
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Retirees with paid-off homes have median housing
costs of $450 per month.
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Those who are still making mortgage payments
are charged a median of $1,100 monthly.
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Renting an apartment can be a good way to
test out a potential retirement spot and easily
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move on if the neighborhood doesn’t suit
you.
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The median rent is $770 per month in the Grand
Rapids metro area.
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7. Lakeland, Florida.
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Waterfront property doesn’t have to be expensive
if you consider retirement in this inland
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Florida area with 38 lakes.
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The median home price for people age 60 and
older is just $146,000.
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Retirees with a mortgage pay a median of $1,140
per month in homeownership costs.
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Monthly expenses drop to $400 among retiree
homeowners who have paid off their mortgage.
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Renters age 60 and older are charged a median
of $830 per month.
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Retirees in Lakeland enjoy mild winters, but
watch out for the humid summers and accompanying
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air conditioning bills.
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There’s no state income tax in Florida,
which helps to keep costs low for retirees
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with part-time jobs.
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8. Daytona Beach, Florida.
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Retirement near the beach can be enjoyed on
a modest budget in Daytona Beach.
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The median home price among people age 60
and older is $185,000.
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Retirees who have paid off their mortgage
have a median of just $430 in monthly housing
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costs.
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Older homeowners with mortgages pay a median
of $1,000 per month.
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Renting an apartment in Daytona Beach costs
a median of $930 monthly.
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But don’t expect a quiet retirement in this
dynamic city that contains the headquarters
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for NASCAR and hosts several large motor sports
events each year.
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9. McAllen, Texas.
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McAllen residents enjoy some of the lowest
housing costs in the United States.
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The median home price among people age 60
and older is only $73,000.
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The McAllen area, which includes Edinburg
and Mission, is the only metro area in the
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country where the median home value is a five-figure
sum.
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Retirees with mortgages on their homes pay
a median of $1,080 per month to live in McAllen,
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but homeowners without mortgages have significantly
lower costs of just $350 per month.
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Renting is also a good deal, costing retirees
a median of $580 monthly.
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10. Indianapolis.
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Home to one of the world's largest children's
museums, as well as professional and college
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sports teams and miles of recreational trails,
Indianapolis has plenty to keep locals entertained.
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Indianapolis' lively downtown is easily walkable.
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With so many things to do, Indianapolis allows
its residents to experience big-city living
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without too much effort.
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The Indianapolis Cultural Trail connects neighborhoods
and cultural districts, and offers access
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to multiple entertainment venues, public art,
restaurants and shops along the way.
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The home prices in Indianapolis are reflective
of the state’s low cost of living; so low
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you will be hard pressed to find many cities
of this size with home values which average
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$120,000.
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While the weather in the fall lends itself
to outdoor activity, the winter months can
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be brutal.
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