You wont need to splurge on your new digs, however. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. 7 Cheapest Beach Towns in Florida in 2023 - Budget Travel Buff Fintech company SmartAsset compared data for 218 beach towns and put together a list of the most affordable 50. Next: 25. . Long Beach, NY. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Tax burden is also important, especially for older people living on a fixed income or off of retirement savings, so we looked at the overall tax burden in 2018. Only about 1 square mile, the popular beach area has a small-town feel and was named as a best place to retire by the AARP. Okaloosa Island, with its fine white sand beaches and glittering green waters, is mere minutes away. Hilton Head Island, South Carolina. Jacksonvilles booming city will suit those who want access to some beautiful stretches of coastal areas but need to have an urban playground and a travel hub on their doorstep. 1. The median monthly housing costs amount to $811. Retirees can get into active adult communities like Bay Crossing in a $239,000 two-bedroom condo all the way up to a fully kitted-out four-bedroom for $620,000. The median home value is $382,900 in Chapel Hill and $229,900 in Durham. Obviously, just like anywhere, the closer to the water you are, the more expensive the property.. Thats towards the bottom of this list, but its still a decent portion of older people if you thats important to you. The 10 Best Beach Towns on the East Coast. Here's how to do it and how much it costs. Ithaca, New York. They can help identify fixes which may help your sales price. Consider cost of living and your love of the outdoors if you're thinking about a move to Seattle. The median home value in Tarpon Springs is $209,400 and the median monthly housing cost adds up to $943 slightly pricier than Hobe Sound but youll pay around $1,847 in property taxes each year. A range of sand and surf that stretches from Maine to Florida. Check out the local parks, like Wilson Point and Kingston Point, and eateries such as Vinces Crab House and Carsons Creekside. Housing costs for retirees in Knoxville are the biggest factor bringing down costs, at nearly 30% below the national average. Its tax burden is towards the middle of this list at 16.7%, and it comes in fourth in terms of medical centers with 15.55 per 1,000 residents. This coastal city has some of the best fishing in Texas you can choose between charter boat services, surf fishing at Bryan Beach or the Brazos River. In fact, the Sunshine States shorelines arent the only coastal ZIP codes attracting boomersplenty of folks dont want to live in what feels like a steam room six months out of the year, or they may want to be closer to friends and family elsewhere in the country. The Best Places to Retire in 2022-2023 - US News & World Report It also ranks first on our list of the best places to retire in Georgia. This site is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Part of Mississippi's "Secret Coast," Ocean Springs is a beach town that features white, soft sand and a vibrant downtown, packed with boutiques, music and great restaurants. Many of the retired residents of Hyannis move into their former summer homes, but there are still plenty of boomers relocating to the area. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. Theres still a lot of areas in Hyannis that are very affordable, says Jeanette Neeven, a Realtor with Century 21 Cobb Real Estate. Spending your retirement on the beach can be a dream come true. Best Places 2022-2023 Rank: 137. However, it does have the fewest medical centers per 1,000 residents at just 3.54. The average is $399.14, while Las Vegas and Reno, Nevada, lead the way at $421.31. Stacker compiled a list of the best places to live on the East Coast using 2022 data from Niche's. . Overlooking the shores of Lake Michigan, Saugatuck is home to several serene beaches that feature soft sand, rolling dunes and peaceful atmospheres. You kind of have the best of both worlds [in Murrells Inlet] if youre looking for a nice, affordable area to retire to, says Jeremy Jenks, vice president of sales at Keller Williams The Trembley Group. Sarasota, with its pristine Gulf beaches, cracked its way into the top towns thanks to its high number of doctors' offices (12.4) and recreation centers (3) per 1,000 people. Highlight: For those who love the boardwalk and casinos. 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. There's a lot to love about metal roofs, but they're not for everyone. Hendersonvilles 1.34 recreation centers per 1,000 residents earns it second place on this list, so there will be plenty to do. These 7 Georgia Coastal Towns Are Perfect For A Day Trip - OnlyInYourState If you want to retire to coastal Georgia, Tybee Island is an ideal spot. Theres a reason you always walk out with a receipt the length of your arm. If you love beach towns, then Jacksonville might be one of the better options for you. The former fishing village is bordered by a beautiful marsh shoreline and dotted with wooded areas. Consider digging deeper into one state to find where you want to retire. Whitecap Beach - Scenic beach in Texas with sizable waves. The 25 Best Places to Live on the East Coast in 2022-2023 The median home price listing is $255k, and the median income for a family in Fort Pierce is $35,198, and as a port city, the harbor sees a high volume of commerce. Activities are also important to a happy retirement, so we looked at the number of recreation centers per 1,000 residents. It only takes 3 minutes to connect with an advisor who puts you first. It is also close to both Philadelphia and Baltimore, so both cities amenities and recreational opportunities are within easy reach. The town also leads this list with 1.79 recreation centers and 8.59 retirement communities per 1,000 residents. To find the best places on the East Coast to retire on Social Security alone, GOBankingRates used SSA data to identify the average monthly benefit as $1,828.30 -- $3,656.60 for a couple. However, New Hyde Park does have the second lowest senior population percentage on this list at 14.4%. As a retirement town, Lewes has lots of draws, including no sales tax and the third lowest real estate tax area in the country. Looking to buy a home in Florida? The 20 top coastal towns in the UK for Brits to relocate to have been revealed in a new study and Margate in Kent has taken the top spot, famed for its glorious blue flag-certified beaches, affordable property prices and average hours of sunshine.. Sara Ventiera is a journalist based in New York City and Los Angeles. Retirees are undoubtedly drawn to these areas by the active, beach lifestyle, says Danielle Hale, chief economist for realtor.com. 11 . Dont forget to compare health insurance rates to find an affordable policy that gives you great coverage as part of your retirement plan. Jim has run his own advisory firm and taught courses on financial planning at DePaul University and William Rainey Harper Community College. The median rent is $998. Best Places 2022-2023 Rank: 117 Metro Population: 698,537 Median Home Price: $333,741 Average Annual Salary: $55,710. This hamlet on Long Island is tied for the second highest tax burden on this list but it also has the second-highest number of medical centers per 1,000 residents. Thanks to the rise of work from home systems and software like Zoom, more people are finding they can work remotely. The median home value in Fort Walton is $185,900, while annual property taxes will cost you around $1,366 and monthly housing costs amount to about $1,049. Photograph: Shutterstock. That tax rate is the fifth highest on this list. At $217,100, Port Angeles median home value is less than half of the pricey state median and the median annual property tax stretches just over $2,000. Median Home Price: $333,741. Many of them seek out single-story homes with attached garages right around the golf course, marina, and beaches. There's also a long fishing pier for casting a line, and historic sights like the town's iconic lighthouse. New Castle is tied with the other Delaware cities on this list for the lowest tax burden at 11%. Theres still a chance to grab a relatively affordable property here and relocate to this subtropical city with its miles of azure coastline. Hendersonville comes in sixth on this list with 7.8 medical centers per 1,000 residents. Its home to lots of shopping, plenty of restaurants, nice golf courses, a great sailing scene, and beautiful beaches. Set out on a sailboat, book a tennis lesson, breeze along biking trails, explore the boutiques, or nab tickets for concerts and festivals to make the most of retirement in this South Carolina paradise. Median Home Price: $247,112. Great golf courses, medical facilities, beaches, state parks, and places to fish, kayak, and hike lure retirees from across the country. To help you determine the place in this part of the country that's the best fit for you, we looked at the metro areas within 100 miles of the Atlantic coast that rank highest among the Best Places to Live, which considers factors including affordability, job market, desirability and morning commute, among others. As an extra perk, Seafords annual Christmas Parade is the biggest on the Delmarva Peninsula. (Getty . For those working in finance, this city may be the best choice. America's Bestand Most AffordableBeach Towns for Retirement In Alabamas Gulf Shores, you can indulge and relax and even partake in an adventure or two. On the plus side, Bel Air has a respectable 11.33 medical centers per 1,000 residents, placing it fifth in that metric. Ah, Florida: warm weather, beaches, and no state income tax. Secret Beach Towns in Mexico | Oyster.com Chances are you already know the country's most famous beach destinations . The best places to retire for real estate, homes for sale, cost of living, climate, recreation, senior services and more . Jim Barnash is a Certified Financial Planner with more than four decades of experience. The Bay Area Hospital treats patients of all ages, including geriatric medicine and services for the elderly and disabled. Due to its attraction as a tourism center, much of the economy relies on tourism. 10 Southern Cities to Make Early Retirement Dreams a Reality, 18 Perfect Fall Girlfriend Getaways To Plan Immediately, The Best Southern Mountain Towns for Retirement, The Prettiest Beach Town in Every Beachy State. Plus, theres almost seven rooms per house on average, so youll have lots of space. With characteristics that appeal to both your lively and laid-back sides, there's a place to call home on this list for any and every beach-bound retiree. Ocean Springs, Mississippi. One of the east coast cities that often gets overlooked but is well worth a visit. Depending on your line of work whether you can work remotely or switch jobs will also factor into your options when looking at the best, most affordable East Coast town for you. Latest insights - Best places to retire in the USA Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Or perhaps youre planning a big move and want to relocate permanently. There are currently more than 74 million boomersof which 10,000 per day are hitting age 65, according to the Pew Research Center. So, are, Read More Are Coastal Cities Warmer?Continue. 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. Here are the top 10 budget-friendly spots that offer access to the ocean: 1. The national average commute is 26.9 minutes. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. 8 Best East Coast Beach Towns for a Summer Getaway - Time Out United States These are the top 25 cities for . The Best Beach Towns for Retirement - Southern Living If you need to break or get out of a lease, this is what you need to know. Americas East Coast can be expensive; however, there are still cities where the property prices are lower. 50 best beach towns to live in. Whether seeking history, solitude, or a vibrant nightlife, the East Coast has got it all in the unique little towns speckling its pristine shorelines. Here, we've collected 15 of the cheapest beach towns to live in throughout the U.S., based on median home values under $300K. Here are 25 gorgeous beach towns in the U.S. where you can retire on a budget. There are 5.42 medical centers per 1,000 residents. The laid-back city boasts a restaurant- and shop-lined Main Street, which spills out to a nice pier and beach. The county seat of Clallam is situated between Americas border with Canada the city of Victoria is just a ferry ride away by the gorgeous Salish Sea. This charming Old Florida town features brick-paved streets, colorful cottages and old oaks, with independently-owned shops and boutiques. As a leading port, the headquarters of four Fortune 500 companies, and a banking industry legacy, Jacksonvilles median household income is $54,701. Dont miss the massive limestone rock formations at Blowing Rocks Preserve, which is also home to loggerhead, green and leatherback sea turtles. Some towns may appear a better option on paper, but things like safety, commute, and job scarcity may influence you to choose a city with a higher cost of living or more expensive properties. The median house price listing is $235k, but there are small gems to be found in this delightful town. Talk to a financial adviser for even more help with stretching those retirement dollars. 2. 1. If you can do this in one of the most beautiful French coastal towns, enjoying good food, wine, and long beach walks, then it's heaven. And youll pay around $1,009 in annual property taxes and $455 in monthly housing costs. The stunning gulf coast area is well known for its beauty, and Coastal Living voted ocean Springs as one of the 10 Happiest Seaside Towns in 2015. A financial advisor can help you create a financial plan for your retirement goals. Visited by Captain John Smith in the early 1600s, he wrote that the land was the "Gem of the Eastern Shore". Safest Places away from Hurricanes Florida - Moving to Florida In Canton, not only do you have a high livability score, but monthly grocery cost is only $407.30 and $399.92 for healthcare, lower than the national averages. When looking for a beach town in South Carolina to relocate to, set your sights on Folly Beach. Whether youre looking for a quaint seaside town tucked away with hidden, unspoiled beaches or a booming coastal city with access to all your cultural, travel, and entertainment needs, theres a place waiting for you. In order to uncover the research, the team at Showers To You ranked over 50 locations on a variety of factors including average house prices in . All investing involves risk, including loss of principal. For a retiree, the city also offers some great dining experiences and outdoor activities like hiking and golfing, and it doesnt cost that much to reside there. Whether you're looking for a spot to relocate to during the next few years or you are dreaming about places to put down roots decades from now, it's always the right time to explore retirement destinations, especially when those places come with surf, sand, and sea breezes. Average income for population 65+: $70,291. Jacksonville, Florida. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. You could also be saving $1,000 a year or more by choosing the right home insurance policy online. 11 Best East Coast Beach Towns - WorldAtlas Head to the local restaurants for some fresh gulf seafood or book a charter and reel in some fish yourself. The citys Memorial Hospital, which offers senior services, is within easy reach. If you know you want to settle somewhere near the Atlantic but arent quite sure where, this guide will walk you through the best places to retire on the East Coast. Beyond that, Exeter has a number of historic churches, including one dating back to the 17th century, and its also home to the American Independence Museum. Redeem your points for cash or gift cards. Live everyday like youre on vacation in Dunedin. Our next dilemma: Is Seaside or Cannon Beach better? At HGTV we've researched some of the best and most affordable beach towns in the U.S. Most folks probably dont imagine spending their beachy retirement huddled up under layers of sweaters and blankets, but theyre missing out. Are your retirement savings on track? Jacksonville offers all the big city comforts and cultural entertainment, a growing craft beer scene, and the most extensive urban park system in the US, as well as coastal zones. Population: 18,406 Medium home value: $349,691 Perfect for: Retirees, and middle age Vero Beach is one of the safest beach towns in Florida that nested between the Atlantic and the Indian River.This hidden gem in Florida had 26 miles of gorgeous public beaches. SmartAsset does not review the ongoing performance of any Adviser, participate in the management of any users account by an Adviser or provide advice regarding specific investments. ROBBIE CAPONETTO; PROP STYLING: RACHAEL BURROW; HAIR AND MAKEUP: CELINE RUSSELL/ZENOBIA, The Best Budget Getaways In The South For 2023, Venice Is the Laid-Back Florida Beach Town With Plenty of Personality, Best Lake Towns To Retire To in the South, The Best Beach Towns In The South To Visit This Winter, The Best Places for a Dreamy Retirement in the South. Myrtle Beach boasts 60 miles of golden coastline, celebrity-designed golf courses and decadent seafood restaurants. Springfield, Massachusetts. Located about an hour north of Atlanta near the shores of Lake Lanier, Cumming is not just the best place to retire on the East Coast its also the second-best place to retire in the country. It takes 15 minutes to get to everything Myrtle Beach has to offer without having to worry about traffic and stuff.. It's one of the most affordable cities on the East Coast with a high livability rating. Bethany Beach, Delaware. The powdery white-sand beaches are a paradise for sunbathersor those who seek shade under an umbrellaand shell seekers. This gorgeous little Gulf Coast town with Mediterranean-inspired architecture is a total dream, so much so that it ranks highly in multiple surveys on happiness and well-being. Kick off your flip flops and you can walk for miles along the wide sand beach. You can save on auto insurance as part of your retirement plan as well by comparing rates online. This Maryland town does have the highest tax burden of any city on this list at 18.9%, which you should be sure to take into account when calculating your cost of living. If you can telecommute or work remotely, you can easily access towns and cities that might have seemed impossible dreams. It even has an airport and ferry terminal that connects the mainland to Marthas Vineyard and Nantucket. 10 Affordable Lake Towns To Buy A Waterfront Property - Forbes The median house price listing is $235k, but there are small gems to be found in this delightful town. This affordable beach town just south of Myrtle Beach has a laid-back feelit began as a fishing villagecomplete with a wooden boardwalk along the estuary and a state park great for bird-watching. Planned developments known as "plantations" dot the area. According to United Van Lines National Movers Study, in 2018, 39% of the retirees they moved had their GPS systems locked on to Florida. It does have the third highest tax burden at 18.4%, though. It has a little bit of everything.. Just like many of you dreaming about a coastal dream life, we can make this a reality through information and inspiration! The median home value in Gulfport is $185,600 and the annual property taxes will cost you around $1,448, while monthly housing expenses amount to about $877. Welcome to Coastal Dream Life, a website dedicated to helping you achieve your dreams of white sandy beaches and fresh ocean breezes in style. Darien, Georgia. 9 of the Best Places to Retire in Europe - Travel + Leisure Located about an hour north of Atlanta near the shores of Lake Lanier, Cumming is not just the best place to retire on the East Coast it's also the second-best place to retire in the country. The cliff-edged and chilly shoreline of Bastendorff Beach, just a short trip over the bridge from Coos Bay, is gorgeous, a wholly relaxing place to collect shells, pitch a tent, or ride a horse. Average Retirement Savings: How Do You Compare? Daytona Beach is a tourists dream gorgeous beaches, fun rides and arcades and live music and theater productions. Best East Coast beach towns. How Can You Tell If A Sea Urchin Is Edible. In Bay St. Louis, homes are valued at around $172,600 and youll pay around $1,140 in annual property taxes and $782 in monthly housing costs. Beaufort, North Carolina, one of the Southeast's oldest and most charming beach towns, is at the southern tip of North Carolina's Crystal Coast. 10 Best Beach Towns To Retire In The World - Coastal Dream Life The current median house listing price is $210k. 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.. About 27% of the citys 10,000 residents are aged 65 and up. 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. 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. Youll find plenty of recreational activities to do outside in Port Angeles. Just south of Sarasota, quiet and charming Venice is the ideal retirement spot for those looking for a slower pace of life. Great Neck also comes in second in terms of retirement communities, with 3.76 per 1,000 residents. The median household income in Swansboro is $48,922. Ithaca is a small picturesque town in the upstate New York Finger Lakes region. Use these cleaning tips to get rid of dust buildup and improve the air quality in your home. Tuckpointing can give your brick walls or chimney a facelift while helping to ensure the structural integrity of your home. South Carolina's low country is a popular place to retire, thanks to its low cost of . Springfield residents benefit from plenty of high-quality health care options within driving distance. The last price GOBankingRates measured was monthly healthcare cost, which averaged $415. 10 Best Places to Retire on the East Coast - SmartAsset Year-round homes start around $350,000 and reach nearly $4 million. While the town of Osage Beach has only 5,000 residents, there is a variety of restaurants, bars, and parks that attract visitors every summer. Buying rental units can be pretty simple. 20. 3. See which metro areas on the Eastern Seaboard offer the most for residents. (opens in new tab) Popular Local Beaches: Beaches at Goose Lake Park, Jewell Lake, Little Campbell .