When it comes to retiring, opting for a cheaper cost of living may mean that you have to give up certain benefits, such as proximity to family or a wide variety of activities and facilities. Although many cities in the USA offer impressive natural beauty, there are others with less attractive but affordable for people in retirement situation.
Although lists like this can provide a useful context, the choice of retirement place will depend on multiple personal preferences in addition to the economic factor. If you are considering a move, you might consider visiting your potential retirement destination in advance to get a more accurate idea of what long-term life will be like there. Also, you can talk with local retirees in order to get as much information as you can to determine if it’s actually a good place for retirement
Nice Spots for an Affordable Retirement in the USA
With 31% of its population over the age of 65, Foley, Alabama, offers an attractive and very interesting environment for retirees and people looking for a quiet and pleasant life. The median home value in 2023 stood at $296,232, and Social Security benefits are not taxed. The average annual food costs reach $4,326, while those of medical care stand at $8,120. In dozens of other cities in the USA, it is impossible to get an affordable lifestyle like the one offered by the city of Foley.
Mountain Home, Arkansas makes its place on the list with a set of fascinating attractions for retired people. This beautiful town, surrounded by the Norfolk and the Bull Shoals Lakes, offers what most of the major cities in the US can’t: peace of mind. Forget of locking your doors and leave your slippers in the front porch: no one is going to take them.
28% of its population is over 65 years old and the average price for a home, in 2023, was $199,388. Your Social Security benefits will not be taxed and the average annual food costs stand at $4,277, while health care costs reach $6,482. It sounds kinda nice, ain’t it?
Hot Springs Village, Arkansas, is a top retirement destination, with an impressive 63% of its population over the age of 65. The median home value in 2023 was $289,418, and as in other places mentioned, Social Security benefits are not taxed. Annual food costs are approximately $4,407, and health care costs are around $6,749. You’re basically moving to a gigantic retirement home with nice mountains, cute cafés and restaurants and a lot of people to chat with.
Bonus: Is Florida Still an Option for Retirement?
Florida is still an attractive option for retirement, and one of the highlights is The Villages. With an impressive 86% of its population over the age of 65, this place offers a vibrant retirement community. The average home value in 2023 was $418,926, and as in other places mentioned, Social Security benefits are not taxed. Annual food costs stand at $4,591, while health care costs are around $6,882.
The Villages is a planned community located in Florida, United States. It is known for being one of the largest and most active retirement communities in the country. The Villages offers a wide range of facilities and services specifically designed to meet the needs and preferences of retirees. The community has golf courses, social clubs, recreational centers, shops, restaurants and a variety of activities and events to keep its residents active and engaged.
Not only that, but The Villages stands out for its safe and friendly atmosphere, which makes it a very popular destination for those looking to enjoy their retirement in a quiet and activity-filled environment.
