Port Arthur was founded in the late 19th century and, at one time, was the center of the largest oil refinery in the world. The cost of living is about 61% lower than in the United States, and rents are a bargain at an average of 80% lower than in the U.S. Medical and dental care are high quality and affordable, with both public and private institutions available. How Financial Literacy Changes Once You're Retired. Are you on track to have enough money for retirement? With delicious food and growing wine culture, a remnant of French occupancy, world-class beaches, and some of the friendliest and most peace-loving locals you will meet. Where to stay: Baltimore Marriott Waterfront. Where to stay: Beau Rivage Hotel & Casino. 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. Croatia offers good and affordable healthcare, with low living costs and a relatively easy point of entry visa-wise. Sarasota Memorial Health Care System and HCA Florida Sarasota Doctors Hospital are major health care providers for the community. Portland has a wide variety of restaurants, and foodies will enjoy sampling diverse and innovative cuisines, local produce and fresh seafood. Retirees can get into affordable homes starting at just under $200,000, including this $196,919 two-bedroom in a 55-plus community or this three-bedroom with a whirlpool hot tuband no age restrictionsfor $249,900. Just 15 minutes south of the bustling tourist shops, boardwalks, and mini-golf courses of Myrtle Beach, Murrells Inlet offers retirees a quiet respite from that popular vacation town. By the numbers: Population . Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. Heading to the beach to relax in sunshine and sand once youve finished putting in desk time is the dream for many people. Canggu is an eclectic mix of modern lifestyle with traditional Balinese culture. Since you dont currently live in a coastal community, this means youre going to need to pack up and move. In fact, it can. People love to live here because of the beautiful beaches, the winter climate and the entertainment. Do careful research, dont base your decision on a one-time vacation, and consider the factors weve mentioned to choose your perfect retirement on the beach. Cuenca, Ecuador. For example, five beachfront lots near Puerto Angel, just 20 minutes from Mahahual, were recently for sale for $69,000 each. From spring to autumn the Atlantic Coast is humming with activity, and the water is always churning with swimmers, jet skiers and parasailers. Located on the Gulf of Mexico, the city offers plenty of entertainment, including concerts in the park, festivals and community theater. #25. Ocean Pines is just over the bay from the iconic Ocean City, Maryland one of the great American boardwalk beach towns and a mid-Atlantic favorite vacation getaway. An old village on the Mallorca coast.. Or, at least, for many of us, we wish it were. The city is rapidly growing, which means that it won't stay affordable for long. Are there sandy beaches on Capri? There was an unknown error. Homes start in the $200,000 range, and its possible to snap up a townhome with an onsite dock such as this sprawling three-bedroom for $274,000 or this $350,000 three-bedroomwith water views. It's one of the most affordable places to live in the Caribbean: According to International Living, a couple could live well starting at $2,000 a month. The weather can also be unbearably humid in the summer, and there are limited cultural resources. Maine's most populous city has four distinct seasons with warm summers and cold, snowy winters. Biloxi tops the list once again as America's most affordable beach town. Myrtle Beach has a wide variety of golf courses, including designs by Robert Trent Jones and Jack Nicklaus. The Costa Dorada could be the most naturally stunning part of the island, with forested mountains rising behind the white-sand beaches, and also the most affordable. Part of YaleNew Haven Health, Lawrence + Memorial Hospital is home to the regions only inpatient rehab unit and a nationally recognized cardiac rehabilitation program. Yes! The less-crowded Neptune Beach often attracts surfers. 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. Residents pay the state average for goods and services, groceries and healthcare but far less than the state average on housing and transportation. Sara Ventiera is a journalist based in New York City and Los Angeles. 2 . And locals are willing to fork over that kind of money for a reason. Myrtle Beach is another great option for retirees, with warm weather, affordable cost of living and many amenities such as golf courses and shopping centers. Unlike the heavily touristed beaches of the Riviera Maya farther north, the Costa Maya is unpopulated and set against a backdrop of lowland jungle for some 62 miles. Jacksonville, North Carolina Population: 72,896 Median home price: $222,814 Median monthly rent: $1,200 Hibiscus Elegant Midcentury Beachside House. Not far from the energy and vibrancy of Seattle, Port Angeles is one of America's great small towns. The small towns on this list are some of the greatest beach towns on the East Coast. Youll also enjoy South Carolinas low taxes. The welcoming area boasts many gay bars and restaurants, a thriving Pride parade (in years past), and an LGBTQ centerall on the shores of tax-friendly Delaware. What makes Biloxi an amazing retirement destination? The city itself isn't directly on the beach, which is what makes it more affordable. 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. Consider these affordable retirement locales in the city, beach and mountains. The day when, for most people, they can not answer to someone, be free, be their boss. As a Retired Person, Are You Comfortable With Your Monthly Income? And Pensacola in particular is affordable with a significantly lower than average cost of living, home prices that hover around $140,000, and reasonable property taxes. Good quality healthcare is available at reasonable prices, and public transportation in many cities makes a car unnecessary. In February, the median home listing price in the U.S. was $386,721, according to Redfin. The 7 most affordable beach towns that you can retire to are: Hobe Sound, Florida. It's also great for retirees, with lots of recreation areas and a high ratio of doctors' offices to people. The city is a UNESCO world heritage site, and the monthly cost of living can be as low as between $500-1000. A bus ride to the nearby town of Progreso is about 50 cents. The overall cost of living is around 38% lower than in the United States, and rent is about 64% lower. Daytona Beach has a population of nearly 75,000 and 20% of people are age 65 and up. When you're not lounging on the powder-soft white sand beaches of the nearby islands, you'll be strolling the 18th-century streets and buildings, tucking into James Beard award-winning cuisine and watching the boats come into the picturesque Charleston Harbor. Hampton and Newport sit to the north of the Chesapeake Bay Bridge and Tunnel. It may also be a little more lively. The city of Puerto. Artists, creatives and certainly a lot of hemp aficionados, flock for the dramatic coastal views and an eclectic waterfront. The cost of living is reasonable, and there are many retirement communities and senior-friendly neighborhoods to choose from, says Latenko. Therefore, its not surprising that the city was named the top destination for snowbirds in 2021-22 by StorageCafe. 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. But the seasonal town of Bay St. Louis is just 50 miles from New Orleans, offering an uninterrupted stretch of white sand, leisurely piers and several shops and eateries. The headquarters for NASCAR is home to several large motorsports events each year. Where to stay: Stunning Renovated Direct Beachfront. There are, of course, many other options besides these, both within the countries weve listed and others, everywhere from Cyprus to the Dominican Republic. Far from a sleepy beach town, Myrtle Beach has more than 1700 restaurants, 100 golf courses and 60 miles of beautiful beaches along the Grand Strand. She writes about food, travel, and real estate for Zagat, FoodNetwork.com, BBC Travel, and more. Dunedin, Florida. I have been drawn to the ocean and the coastal lifestyle my whole life. Still accessible to the world and with ample beaches and islands to explore for those wanting variety, this is one of the less developed, quieter destinations, an appealing characteristic for many retirees. According to the Census Bureau, the average over-65 household in America requires $49,000 a year to cover everything from housing to food. Orlando Is America's Top Travel DestinationHow Hard Has Its Real Estate Market Been Hit? With exceptional natural beauty and a large variety of biodiversity, the country is rapidly developing while still offering a lower cost of living. And while the island itself is surrounded by waterways, it's not directly on the beach, which is what keeps the cost of living lower than other beach towns. Instead of Hilton Head, Try: Myrtle Beach, S.C. Anew reportfrom the editors of International Living revealsthree secret, affordable beach getaways that will help make that daydream a reality. No matter your motivations or whether its a combination of all of these, beaches are attractive places to live for many reasons. There are currently more than 74 million boomersof which 10,000 per day are hitting age 65, according to the Pew Research Center. The unusual quartz sand at Siesta Beach is soft, white and powdery, and stays cool to the touch, even on sunny days. Thankfully, there are plenty of beach towns that offer the best of both worlds affordable living and a large population of seniors. Most have expat communities, reasonably priced healthcare, affordable homes, and residency options. These coastal cities provide convenient access to the beach and all the amenities retirees need. This renovated one-bedroom cottage is listed for just $199,999 and this two-bedroom at $225,000. Both Capri and, Read More Is It Better To Stay In Capri Or Anacapri?Continue, Living next to sandy shores and crashing waves is a dream many of us have. It has a highly rated public golf course, beautiful beaches, and a museum of history and art. The town is home to Bowdoin College, and over on Federal Street is where Harriet Beecher Stowe penned Uncle Tom's Cabin. There are hardly any cars. The city has seen much European influence over the centuries. Volcanic rock mainly covers the, Read More Are There Sandy Beaches On Capri?Continue, It can be challenging to decide between Capri or Anacapri. The city sits on a barrier island in the Gulf of Mexico, with sprawling beaches (though not necessarily the best in Texas), lively nightlife and a non-stop energy that keeps the Texas Southern students coming in. This is not a typo: Southern California does, in fact, boast affordable retirement homes right near the coast. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. It has 10 birding sites on the Great Texas Birding Trail and the planets sole migrating flock of over 265 whooping cranes, which passes through the Aransas Wildlife Refuge every winter. Plus, Melbourne is across the bay from the barrier island that has the more famous Cocoa Beach. In Loja, you'll . The historic city boasts a vibrant downtown with shops and restaurants, 15 recreational parks (including a golf course), and waterfront views from both the mainland and the peninsula across the water. Oceano Median home price: $566,280 Located in San Luis Obispo County, Oceano provides a suburban feel to retirees wanting to spend their time by the glimmering waters. This story was published at an earlier date and has been updated with new information. A historic downtown has blocks of buildings from the early 20th century as well as The Freeport Historical Museum. There is a lot of research to be done before making the decision, and many independent agencies, consultants, or others can help with this process, but here are some ideas to get you started. It all depends on the kind of lifestyle you are after., READ MORE: Cruise Ship Tips: 9 Insider Secrets From A Trailblazing Captain. Still, Florida isnt the only state hosting great beach cities for retirees. Located along the Gulf of Mexico, the Naples and Marco Island area is an ideal spot to enjoy golf, sunshine and white-sand beaches. Pensacola scores high marks for desirability, with many people age 45 and older expressing an interest in moving to the area. However, you're never a far drive from the epic beaches nearby, like Folly Beach, Kiawah Island Beach, Seabrook Island Beach and Isle of Palms Beach. Retirement can be affordable and exciting in these European destinations. Pedas, Panama - Total score: 55.1. For an additional $20,0000, this three-bedroom ranch is available in the Oakwoods. Choose a minimalistic lifestyle, and a couple could retire here on as little as US$600 a month. These are just some of the key factors considered when picking a destination in which to retire. Bay St. Louis is attractive to residents and visitors because of its beautiful gulf beaches, temperate winter climate and plenty of entertainment during high season. With a population of just under 80,000 and a median age of 45, Melbourne is a smaller city with a young population. Mazatlan, in particular, offers city living with sandy beaches on the Pacific coast. Many of them seek out single-story homes with attached garages right around the golf course, marina, and beaches. Middle River may not be as popular as Maryland's other coastal areas, but that means it's infinitely less expensive. Lifes a beach, right? Health care services are provided by Halifax Health Medical Center of Daytona Beach and AdventHealth Daytona Beach. The Cost:Life on Holbox is cheap: Think $10 lobster dinners. Hampton, located near the bustling beach communities of Virginia Beach and Norfolk, is popular among residents for its stable economy and proximity to the water. Plus, it has its own stretch of bayfront nine miles to be exact. In addition to the obvious waterfront activities, Gulf Shores is close to many restaurants and bars, shopping and the wharf in nearby Orange Beach. A thriving culinary scene also offers an abundance of fresh seafood at very affordable prices. Water activities fill the rest of your time, from diving to paddle board yoga. Learn: Can I Draw Social Security at 62 and Still Work Full Time?More: 3 Ways To Recession-Proof Your Retirement. You can visit the beach where Juan Ponce de Len first landed in North America in 1513 near Melbourne Beach or observe and help protect sea turtles at the Archie Carr National Wildlife Refuge, which stretches 20.5 miles between Melbourne Beach and Wabasso Beach. Almost everyone youll meet here is not local but has found their way here from somewhere else, giving this an international vibe. Ecuador has acquired a reputation as one of the best options in the world for retirees on a budget, but little Loja is still off the world's radar. Most retirees opt for the private health care system where costs are low and quality is high. You may also like: 50 best beach towns to live in. The Jacksonville Beach Pier provides opportunities for deep-water fishing and strolling nearly a quarter mile past the shore. Pensacola, Florida, is one of the best beach towns to retire in. ), says Haskins. In total, a family of four can live on about $1,800 a month. Tucked between Vero Beach and Port St. Lucie, Fort Pierce is located on the bay behind the Atlantic-facing Hutchinson Island. Located about halfway between Miami and Orlando, Port St. Lucie is more laid back and affordable than these larger cities. It has wonderful public schools, is safe for families and has great restaurants and nightlife. A Certified Retirement Community by RetireNC, Carteret County, North Carolina, is a great place for active retirees. Lets find out what you need to consider when deciding between Capri and Anacapri! It also boasts a strong health care system, numerous golf courses, and a stunning sculpture park and wildlife preserve, Brookgreen Gardens, hailed as one of the Top 10 Gardens in the United States by TripAdvisor. Where to stay: The Lodge at Gulf State Park. Florida is also one of nine states that doesnt have an income tax or a tax on certain kinds of unearned income, meaning youll keep more of your money in your pocket. How the National Debt Hits Your Wallet Every Day, CD Rates Today: April 27 Special 10-Month Term with 5.25% APY. Or you can take a small plane from Cancn, which arrives on the islands simple little airstrip. Most Affordable Beach Towns - 2022 Edition - SmartAsset Loading Top 50 Most Affordable Beach Towns Note: All figures shown are averages in each city. Summer is much livelier, with outdoor activities, like music, golf and farmers markets. Carteret County has a population of roughly 68,500, with just over 26% age 65 and up. So, how many beaches are in Massachusetts? Copyright 2022 Travel + Leisure Co. All Rights Reserved. The city is so retiree-friendly, its even home to Latitude Margaritaville, a Jimmy Buffet-inspired 55-plus community. But it turns out, your beach-town dream may not be as far out of reach as you think. Take Our Poll: As a Retired Person, Are You Comfortable With Your Monthly Income? A two-bedroom condo right near the hospital and within walking distance to Ocean Beach can be had for just $99,000 and $209,900 can fetch a three-bedroom Cape Codder with a master bed and bath on the first floor, blocks from the water. Most vacationers who know of Mexicos Yucatn beaches immediately think of Cancn, Playa del Carmen or Tulum. It's a summer getaway for New Orleans residents, as well as those from around the region. The median home sale price was $340,000, as of February 2023, allowing you to live by the beach for less than the national average. This involves no tax on Social Security benefits, minimal property taxes and a notable retirement-income deduction from your state income tax. There are plenty of beaches around the world (some even in the U.S.) that allow you to live your most stress-free life possible for a fraction of the cost you do now. Yes, many people like to retire near the ocean, but why? Theres really just one town to speak of: Only a small area on the western end of the island has been developed. 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. Rather, here, the residential areas overlook the river. The Cost:Because it is not as discovered as the Riviera Maya nor does it have nearly as many amenities (any major shopping or healthcare needs are done in the town of Chetumal, an hour away) prices for real estate are much lower than youll find along the Riviera Maya, says Haskins. But it is one of the more affordable beach towns in the nation thanks to its location on the hurricane route and the high volume of tourists that come during the high season. If you're going to move to a beach town in the U.S., you might as well move to one in a state that doesn't charge any income tax. Surprise, this popular vacation town does have affordable homes and right on the beach, too! If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. Food is delicious and prices are low. The town is home to the Florida Institute of Technology and is only 30 miles east of Orlando, which means that residents have both beach vibes as well as the conveniences of a college town and a major city. Historic Lewes has a more natural, small-town feel and (slightly) lower home prices. Deployed correctly, stable value funds add an insurance element to guarantee portfolio returns. This Gulf Coast tourist haven has clean beaches, great fishing, and fantastic fowl. Portugal - Best Overall. Myrtle Beach scores high marks for desirability, according to a U.S. News survey about where people age 45 and older most want to live in retirement. Baja California, Acapulco, Cancun, Puerto Vallarta, Rosarita, and La Paz are a few well-known beach areas, and quiet fishing villages might attract retirees with lower costs and casual. Belize offers one of the best retirement programs globally, only taxes on income earned in the country, and retains English as their official language, eliminating language barriers for many. With plenty of islands to explore and the mainland, Greece has one of the longest coastlines in the Mediterranean for those beach lovers who want to explore. A bus ride to the nearby town of Progreso is about 50 cents. Making up part of the "Treasure Coast," Fort Pierce is a laid-back, residential community that offers beautiful surroundings but less of the activity found at other beach towns farther south. The company 401(k) is just one option available for building wealth. In fact, it was named the second-best city in the U.S. for senior health by The Mesothelioma Center in 2023. Sixty miles of beaches, water activities, theme parks, restaurants and golf courses that is how vacationers and residents do Myrtle Beach. Its a popular gay retirement community, says Russell Stucki, real estate associate at Re/Max Realty Group. Theres still a lot of areas in Hyannis that are very affordable, says Jeanette Neeven, a Realtor with Century 21 Cobb Real Estate. It's ideal for retirees given the average home sale price is $229,833 with median annual property taxes coming in at $1,181.
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