If you are about to retire or have retired, you might be thinking of moving to a place where you can spend your golden years in peace.
However, if you have a relatively small nest egg and are worried that you might outlive it, it is prudent to move to a place with a low cost of living, so that you remain financially secure and comfortable for the rest of your life.
Here are six affordable cities to retire in the United States:
Fort Worth, Texas
Fort Worth is one of the places where your retirement savings can go a long way. Apart from the surprisingly low cost of living, the city has a solid healthcare system, great recreational facilities, and excellent amenities.
This Texas city is consistently ranked as one of the most livable cities in the country, largely due to its strong sense of community, slow-paced lifestyle, low crime rate.
Tucson is considered one of the best retirement spots in the country for several reasons. There is no state tax on your social security benefits and healthcare costs are among the lowest in the country – particularly for seniors.
The cost of utilities, groceries, and other essential commodities is also below the national average, which makes it an ideal place for those who want to retire on a budget.
A favorite choice of budget-conscious retirees, Lakeland is considerably cheaper than other, more popular retirement destinations in Florida. There is no state income tax and your social security benefits are not taxed as well.
So, you can hope to retain most of what you earn here. The city has a cozy small-town feel, but offers excellent amenities and healthcare services.
Located conveniently close to big cities like New York City and Philadelphia, Allentown combines the low cost of living of a small town with the amenities of a metropolitan city.
Whether you want to rent a place or buy one, you can certainly find something that fits your budget. There are a number of assisted living and continuing care homes located in the region, which is one of the reasons why it remains the choice of retirees from this part of the country.
Pensacola is one of the very few beach towns that retirees who are on a budget can afford to live in. Consistently ranked as one of the best places to retire in, Pensacola’s cost of living is notably lower than the national average.
The balmy weather, sugar-sand beaches, unhurried lifestyle, and great food make Pensacola an ideal spot for retirees to spend their golden years.
Corpus Christi, Texas
Despite being a big city with a population of over 300,000, Corpus Christi has a lower cost of living than most other retirement destinations in the country.
The city is known for its exotic beaches, recreational attractions, wind and water sports, and great amenities. One of the distinct features of the city is its laid-back lifestyle, which is typical of coastal cities.
The city also has a thriving art and culture scene, which can make your days more interesting and an exciting night life, which can help you socialize with like-minded people and make new friends.