While you may be happy with your current residence, when you retire you will realize that the sky is the limit and you are no longer restricted to live in a city based on your employment. By comparing the health care systems, public transportation systems and activities offered, you can choose the best destination that is practical for you.
Sunny Prescott, Arizona
Prescott has grown to be an extremely popular retirement destination and is one of the cheapest places to retire in the United States that still offers wonderfully warm climates. Located 100 miles North of Phoenix, Prescott has a population of just 42,000 with approximately 50 percent of them being over the age of 50.
With over 650 miles of trails and Prescott National Forrest located within miles of residential properties, nature lovers, golf lovers, and art lovers all have something to appreciate. With the market hitting the area, home prices are as much as 35 percent lower than they were just 5 years ago, making this one of the cheapest places to retire in the United States on the West coast.
St. Petersburg, Florida
While many retirees associate Florida with expensive, St. Petersburg Florida is one of the most affordable cities with a median home price of $150,000. With over 36 percent of the 245,314 population being over the age of 50, St. Petersburg boasts sunny beaches, fine dining, and signature golf courses.
With a plethora of theaters, museums and over-50 enrichment classes, retirees can stay active physically and mentally. Because Florida has no state tax, the state is the most popular place for snow birds to settle during winter.
Athens, Georgia
The last of the cheapest places to retire in the United States to make the list is Athens, Georgia. With a strong health care system, this city located just 70 miles northeast of Atlanta is affordable and extremely pedestrian-friendly. Twenty percent of the population of 114,000 consists of residents over the age of 50.
While this is not a huge percentage in comparison to the other cheapest places to retire to in the United States, the 6 percent state tax and vast options for activities are making it increasingly popular for retirees. With everything from quilting to bicycling, residents over the age of 62 can enroll in the lifelong learning program for free to expand their bodies and their minds.
Use resources available online to learn more about the cheapest places to retire in the United States. Always consider the city’s health care and public transportation systems as well as the cost of living to make the best decision to save your nest egg and enjoy your retirement comfortably.
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