Maine's most populous city has four distinct seasons with warm summers and cold, snowy winters. Follow these steps to find purpose, fulfillment and retire happy. So what makes a place attractive to retire in? Theres still a lot of areas in Hyannis that are very affordable, says Jeanette Neeven, a Realtor with Century 21 Cobb Real Estate. NASCAR, headquartered in the area, holds several . It's the largest city on the Olympic Peninsula, Port Angeles is at the doorstep of the Olympic National Park, with more than 600 miles of hiking trails, beaches, rivers, waterfalls and the only rainforest in the United States. In that case, Miami Beach is the place for you. Temperatures don't usually dip below the 50s in the winter. The World's 9 Most Affordable Places to Retire - US News & World Report Mahahual is far less touristed than Cancn, although its cruise ship port is bringing in increasing numbers of day trippers. 3 Ways To Recession-Proof Your Retirement. Retirees are undoubtedly drawn to these areas by the active, beach lifestyle, says Danielle Hale, chief economist for realtor.com. Youre not alone. Carteret County has a population of roughly 68,500, with just over 26% age 65 and up. Specifically, she specializes in budgeting, debt repayment, savings and retirement. Brian O'Connell and Emily BrandonApril 20, 2023. The company 401(k) is just one option available for building wealth. Theyre gorgeous stretches of coast, to be sure. With 2,000 miles of coastline, finding a place to live near the beach should be relatively easy. Retirees have their pick of beachfront locations in Thailand, including a number of tropical islands. Whether youre looking to move to the beach or simply visit on a budget, here are 25 of the most affordable beach towns in the U.S., from most to least expensive. There are no condo towers, gated communities or large resorts. Warning: The following list will provoke serious wanderlust! Tampa's entertainment options include a port for cruise ships, theme parks and professional sports teams. The restaurants are also truly spectacular, from the casual Greenhouse on Porter to the more haute Vestige, serving New American and Japanese-inspired dishes. It's less expensive than other coastal towns in Maryland because it doesn't actually have direct ocean access. Where to stay: Margaritaville Beach Hotel. Oregon's coast is a treasure trove of beaches and coastal vistas. The median rent is $1,259 per month. I'm a Self-Made Millionaire: These Are the 6 Investments Gen X women are now between the ages of 43 and 58, which means retirement is on the not-too-distant horizon for some of them. Offers may be subject to change without notice. Lewes and nearby Rehoboth Beach have become one of the hottest LGBTQ retirement destinations on the East Coast. Where to stay: Hilton Daytona Beach Oceanfront Resort. That said, the median home value is still just shy of $300,000, so it is still one of the more expensive places to live in America. The overall cost of living is around 38% lower than in the United States, and rent is about 64% lower. With the fifth-best healthcare system globally and one of the safest countries with English as a national language, Malta is a desirable option for retirement. You save for retirement your whole life, you work, at some point, only knowing that you can retire and wont keep having to work, so it feels like, in some ways, its what you work towards for much of your life. Not only is it a quaint town full of history, beach restaurants and uncrowded beaches, but it's also quite affordable to live. All the States That Don't Tax Social Security, Social Security: Whether You're 62, 65, 67 or 70, Here's Why Your Age Matters, Expert Says 'Silent Crisis' with Retirement Savings Looms Worldwide -- How To Act Now. Several visa categories are available, and the most common Migrant Pensionado Visa requires a minimum monthly income of about $717. It's a summer getaway for New Orleans residents, as well as those from around the region. Retiring to a quiet place by the beach is a dream for many Americans and others around the world. Portugal is a popular retirement destination because of its amazing weather and 1,114 miles of coastline. See how your savings stack up against your peers. Located approximately 10 miles south of Myrtle Beach, Garden City, South Carolina, is a small resort town with a population of 10,600 and 38% of residents are 65 years old and up. Some countries have very appealing visa programs for retirees that make a living there permanently much more accessible than others, so this is an essential factor to consider if youre planning on moving full-time or owning property in another country. It has a highly rated public golf course, beautiful beaches, and a museum of history and art. Monthly budget: $1,100. If you've read about the place in a dozen travel articles, you're probably too late. The mild weather, coastal scenery, good airport, and myriad amenities have made Murrells Inlet a desirable retirement destination for Northeasterners seeking a break from high tax rates and harsh winters. Add to this the sentimental nostalgia that many people have of summer family vacations to the beach, and its easy to see why there are sunny recollections of happy times, making such destinations ever more attractive. A new survey finds major disruptors that will change the retirement industry in the next decade. Sunset Beach is one of the cheapest beachside towns for renters, particularly when compared with the median list price of its homes. All information is accurate as of March 21, 2023 and is subject to change. But its residents love it for its small-town charm. 1. Retirees pay a median of $1,882 per month for a house with a mortgage or a median of $1,374 monthly to rent. Part of YaleNew Haven Health, Lawrence + Memorial Hospital is home to the regions only inpatient rehab unit and a nationally recognized cardiac rehabilitation program. Get the kids off to school in the morning, help them with homework in the evening.Besides Chelem, there are several other communities along this stretch of coast with good-sized foreign populations, including Progreso, Chuburna, Chicxulub, Telchac Puerto and San Crisanto. However, instead of looking forward to this phase of life, many women in Gen Z workers have made massive gains when it comes to contributing to their 401(k) plans. Year-round homes start around $350,000 and reach nearly $4 million. The area is packed with history, culture, seafood restaurants and stunning beaches. For some, this means relocating to a smaller home or a Jennifer Taylor is a West Coast-based freelance writer with more than a decade of experience writing about anything and everything. Massachusetts is home to 1,519 miles of coastline, which means plenty of beaches to choose from. Winter tends to be slower, quieter and wetter, though the Shores Acres State Park does an annual holiday lights display that is magnificent. Homeowners can look at the bay from their two-bedroom bungalow for just $169,000 or smell the salt air in a grand four-bedroom Dutch Colonial in the heart of town for a cool $649,000. In fact, International Living rated the Slovenian city of Ljubljana as one of the top 10 cities to retire to in the world. And the relative affordability of homes in these towns means more of a fixed income is left over for fun, which probably makes the case for sticking around.. Ambergris Caye is a tiny island surrounded by turquoise waters and the longest barrier reef in the western hemisphere. Heading to the beach to relax in sunshine and sand once youve finished putting in desk time is the dream for many people. From Spring Break to NASCAR, Daytona Beach can be a wild time. Are you on track to have enough money for retirement? And as they shift into retirement mode,many are migrating toward the beach. Many people downsize in retirement as a way to cut back on expenses and make their lives simpler. The Cost: In Chelem, a four-bedroom, two-bathroom home with a pool one block from the ocean rents for about $600 a month. Still, it is one of the most expensive places to live in Kitsap County. Summer is much livelier, with outdoor activities, like music, golf and farmers markets. (Getty Images). Opinions expressed by Forbes Contributors are their own. With generally good weather, low crime rates, and a very accessible location, both to Europe and the rest of the world, Croatia is a dream to retire in. With borders on the Gulf of Mexico in the east and the Pacific Ocean in the west, Mexico offers around 6,000 miles of coastline. Instead, you get around by golf cart, moped or on foot, says Haskins, who reports that the people who come hereincluding those who stay long termtend to be nature lovers. If you are someone who wants to live near the beach but aren't sure if you can afford it, there are lots of options around our country that will allow you to live in a beach town without breaking your retirement budget. Heres a look at average retirement incomes and how much people spend during their golden years. The median home selling price is $232,450, as of February 2023, which is notably less than the national average. Youll also enjoy South Carolinas low taxes. There are also many retirement communities in the area, says Andrew Latenko, RV travel blogger at RV Camp Gear. Where It's Located:A former fishing village, Chelem is located on Mexicos Gulf Coast, about a 40-minute drive from the city ofMrida(which was just named by Best Small City in the World by Conde Nast Traveler). The Algarve, with year-round sunshine, excellent medical facilities, a low cost and high standard of living, easy access to Europe and the world, and a good infrastructure, is an obvious choice. Some towns do have their drawbacks, like hurricane risks or higher crime rates, but if you know where to look, you can uncover some truly spectacular hidden beach gems. Located on Florida's Atlantic Coast, cars can be driven onto some of the hard-packed sandy beaches. Since you dont currently live in a coastal community, this means youre going to need to pack up and move. For your next good read, how about a book that will help improve your financial future? 07 of 13 Bay St. Louis, Mississippi Robbe Caponetto Port St. Lucie is located on Florida's Atlantic coast and has freshwater marshes in addition to ocean beaches. Step out of your sub-$250K cottage and into the colorful, historic downtown lined with gorgeous live oaks, artist studios, and locally driven restaurants.. Most Affordable Beach Towns - 2021 Edition - SmartAsset SmartAsset found the most affordable beach towns in America based on factors including home value, housing costs, property taxes and home size. In fact, it has quite a bit of sprawl for such a small city. 50 Best Beach Towns to Live in | Stacker The Best Places to Retire in 2022-2023 - US News & World Report With coffee shops, great restaurants, cafes, a marina and a thriving Arts District, Bremerton is much more than just a beach town across the sound from Seattle. The median housing expense is $1,488 per month among homeowners with a mortgage, and it costs a median of $1,113 per month to rent an apartment near the beach in Jax, as the locals call it. Are there sandy beaches on Capri? Vietnam offers one of the lowest costs of living in the world. Five hundred miles of shoreline, quaint fishing villages, and moderate weather are good starting points for retirement in this South American country. Port Arthur was founded in the late 19th century and, at one time, was the center of the largest oil refinery in the world. That said, if you want ocean views, Eureka has those in spades. Facing a financial squeeze, some retirees are returning to work. Gozo is a separate island with many beautiful rock formations off the coast of Malta. Homeowners age 60 and older pay a median of $1,324 per month with a mortgage, and the median rent is $1,127 per month. Port Arthur has gone through a revitalization that has resulted in a refreshed downtown. The Atlantic Ocean coastline is rocky, and waves crash into the rocks sometimes dramatically. But what keeps its cost of living low is the hurricane risk as well as the tourist sprawl, which tends to then leave the community snoozing in the off-season. That said, a low cost of living comes with a higher risk in general. Today, it is a small city brimming with things to do, like a symphony orchestra, ballet, opera, zip lining, museums and, of course, the beach. Some of the best beach cities, Read More Best Beach Cities In The World To Live And WorkContinue, There is nothing like escaping the frigid inland weather and going to the coast to wake up early to stand with your feet in the sand, peering into the sunrise, smelling the fresh ocean breeze, waiting for the first warm rays to hit your face. Cheapest Beach Cities to Live in Around the World - Thrillist The city is a UNESCO world heritage site, and the monthly cost of living can be as low as between $500-1000. While it's not the lowest cost option for retiring on the beach, Belize offers many advantages. 1. A retirement haven, Venice, Florida, has a population of just over 26,000 61% are age 65 and up. For temporary residence, monthly income of about $2,100 is required, and for permanent residence, the minimum income is $2,700. Welcome to Coastal Dream Life, a website dedicated to helping you achieve your dreams of white sandy beaches and fresh ocean breezes in style. And homeowners will spend an average of $808 in housing costs each month. There are hardly any cars. However, what really makes this port town ideal for the 55-plus crowd is the easy access to quality health care. Deployed correctly, stable value funds add an insurance element to guarantee portfolio returns. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. 1. But there are quieter, less-touristed spots that provide the same eye-popping views, but with fewer crowds and less expense, says Suzan Haskins, a senior editor at International Living. But while it may be one of America's more affordable beach towns, rising costs are starting to become a deterrent.
