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. 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. Part of YaleNew Haven Health, Lawrence + Memorial Hospital is home to the regions only inpatient rehab unit and a nationally recognized cardiac rehabilitation program. These offers do not represent all deposit accounts available. Jacksonville boasts 22 miles of white-sand beaches along the Atlantic coast. Whether youre looking for a place thats quiet and relaxing or a place to catch some waves, Massachusetts has the perfect beach for you. Why It's Great:If you love white-sand beaches and warm, turquoise waters, thats what youll find in Mahahual, says Haskins. The town is also much quieter than other towns along Mississippi's Gulf Coast. 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. This South American country offers coastline on both the Pacific Ocean and the Caribbean Sea, so retirees seeking beach living have many options, and the Andes Mountains and Amazon rainforest are nearby for a change of scenery. (Getty . 1. One of the safest places to live, this slice of paradise offers sunshine, warm water on your doorstep, and all the benefits of living in the Caribbean. Residents of Bremerton can still work in Seattle with a short commute time, and many do. Surprise, this popular vacation town does have affordable homes and right on the beach, too! 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. - Weather rank: #18. Thankfully, there are plenty of beach towns that offer the best of both worlds affordable living and a large population of seniors. The less-crowded Neptune Beach often attracts surfers. Pensacola, Florida, is one of the best beach towns 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. Where to stay: Country Inn & Suites by Radisson. Hibiscus Elegant Midcentury Beachside House. 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. 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. 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. With sublime beaches and a well-established expat community (20% of the islands permanent population), Phuket offers pristine beaches and a warm, tropical climate. If it's racing season or Spring Break, forget about it. For example, out-of-country earnings are not taxable. The restaurants are also truly spectacular, from the casual Greenhouse on Porter to the more haute Vestige, serving New American and Japanese-inspired dishes. In the summer, you can evencatch sea turtles crawling up onto the sand to lay their eggs. In February, the median home listing price in the U.S. was $386,721, according to Redfin. 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. Myrtle Beach attracts plenty of tourists with its SkyWheel, boardwalk and Atlantic Ocean beaches. New Jerseyand its infamous shoregets a lot of flak, but its called the Garden State for good reason: Its friggin beautiful when you exit the turnpike. With a strong expat presence, this city is still definitely a Mexican city. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. It has a highly rated public golf course, beautiful beaches, and a museum of history and art. As a Retired Person, Are You Comfortable With Your Monthly Income? Though Morehead City is on the mainland, protected from storms by a barrier island, the city proper isnt known for its beaches. People love to live here because of the beautiful beaches, the winter climate and the entertainment. The ranking was based on the population of residents aged 55 and over per capita (the higher the better, we say), affordability based on median list price, access to hospitals and other health care facilities, the number of amenities like golf courses (for low-impact exercise) and country clubs (for the social scene), as well as marinas and water-recreation businesses like boating and fishing, for that all-around beach town experience. entities, such as banks, credit card issuers or travel companies. That includes Toms River, a seaside town thats nestled along the Atlantic Ocean and Barnegat Bay, a rich estuary thats long been a destination for fishing, crabbing, and boating. The port town offers great boating, fishing, and nearly every type of water sport imaginable in both the sound and the Atlantic. Many people downsize in retirement as a way to cut back on expenses and make their lives simpler. It takes 15 minutes to get to everything Myrtle Beach has to offer without having to worry about traffic and stuff.. I have been drawn to the ocean and the coastal lifestyle my whole life. It all depends on the kind of lifestyle you are after., READ MORE: Cruise Ship Tips: 9 Insider Secrets From A Trailblazing Captain. Where to stay: Baltimore Marriott Waterfront. Myrtle Beach, SC, is one of the nation's most affordable beach towns. Prices are considerably lower than Miami, but compared to the rest of Florida, you'll still be paying around half a million to live on the beach. Sixty miles of beaches, water activities, theme parks, restaurants and golf courses that is how vacationers and residents do Myrtle Beach. From Spring Break to NASCAR, Daytona Beach can be a wild time. 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. 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. How Financial Literacy Changes Once You're Retired. But a remote beach area isn't always the right fit for retirees, who also need access to amenities and services, such as quality health care and transportation options. Costa Rica Costa Rica tops this year's list for its low cost of living (around $2,000 a month for a. This renovated one-bedroom cottage is listed for just $199,999 and this two-bedroom at $225,000. Dubrovnik offers some beautiful beaches and a city steeped in rich history, with many beautiful old buildings. The median rent is $1,259 per month. And it turns out, they share some common features that are particularly attractive for folks who are no longer congregating by the water cooler. Lifes a beach, right? Where to stay: Hibiscus Elegant Midcentury Beachside House. For an additional $20,0000, this three-bedroom ranch is available in the Oakwoods. Naples scores high marks for desirability, with many people age 45 and older expressing an interest in moving to the area, according to a U.S. News survey. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Shop Pay: What Is It and How Can It Benefit You? 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. The cost of living in Pensacola is actually lower than the national average, making it the perfect spot to buy a beach home, says Brittany Mendez, chief marketing officer of FloridaPanhandle.com. Each person prioritizes these differently, and several will weigh in way more heavily for some than others. Brunswick was settled in the early 17th century and is dripping with colonial New England charm. The cost of living is reasonable, and there are many retirement communities and senior-friendly neighborhoods to choose from, says Latenko. But one of the reasons it remains relatively affordable is that its winters can be windy and rainy. Canggu is an eclectic mix of modern lifestyle with traditional Balinese culture. 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. How the National Debt Hits Your Wallet Every Day, CD Rates Today: April 27 Special 10-Month Term with 5.25% APY. The content You can click on the 'unsubscribe' link in the email at anytime. This lifelong build-up can leave one feeling like theres a lot of pressure to do retirement right: to pick the right place to retire, the right hobbies, surrounded by the right people. These offers do not represent all available deposit, investment, loan or credit products. But the affordability comes from the fact that Myrtle Beach does have a high crime rate, which has brought home prices down. 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. Because of its location to Mississippi and Alabama, the vibe here swings more Deep South than it does Floridian. Buyers can get into the market at a wide price range, from a three-bedroom manufactured home for $159,900 to this three-bedroom with water views and a private pool for $350,000. Deployed correctly, stable value funds add an insurance element to guarantee portfolio returns. Since earning her MBA, personal finance has been her favorite topic, as shes passionate about writing stories that educate, inform and empower. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. Haskins hails from the Midwest, where she spent nearly 25 years working in corporate advertising and marketing. Melbourne is an affordable beach town for retirement. Puerto Escondido, Melaque, Troncones, and Progreso Regions of Mexico It's easy to retire in Mexico on Social Security alone, but only if you avoid the major tourist destinations. Though a four-bedroom on the beach will set you back $1,650,000, a two-bedroom right next to downtown can be purchased for just $249,900. Travel + Leisure magazine may receive compensation for some links to products and services on this website. Lewes and nearby Rehoboth Beach have become one of the hottest LGBTQ retirement destinations on the East Coast. Retirees with a mortgage pay a median of $1,563 per month for housing. A Certified Retirement Community by RetireNC, Carteret County, North Carolina, is a great place for active retirees. From the peaceful dunes of Cape Cod and the warm waters of the Gulf of Mexico to the wild cliffs of the Pacific Northwest, these are the top 10 affordable beach towns and cities across the United States where retirees can kick back. Retiring to a quiet place by the beach is a dream for many Americans and others around the world. Today, what brings visitors to Port Arthur are the history, wildlife and beaches. Unsurprisingly, we're starting on Florida's Atlantic Coast in Palm Beach County. Eureka sits on the edge of California's expansive Humboldt Bay. The median home price is $157,900, and the median rent is $1,013. Still, it is one of the most expensive places to live in Kitsap County. The median home selling price is $232,450, as of February 2023, which is notably less than the national average. Are there sandy beaches on Capri? Transformative Travel: I look at how travel can change lives. Residents love to live here because of the climate and water recreation. - Affordability rank: #130. Naples is more expensive than many other parts of Florida. The day when, for most people, they can not answer to someone, be free, be their boss. 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. Choose a minimalistic lifestyle, and a couple could retire here on as little as US$600 a month. Lets hit the beach. That said, if you want ocean views, Eureka has those in spades. Here's what to consider before you unretire. We found 10 of the most beautiful ones. In total, a family of four can live on about $1,800 a month. Retirement can be affordable and exciting in these European destinations. 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. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Cruise Ship Tips: 9 Insider Secrets From A Trailblazing Captain, The Future Is Female: 3 Travel Companies Inspiring The Next Generation Of Leaders, The Ultimate Paid Time Off: 17 Companies That Will Give You Money To Travel. Welcome to Coastal Dream Life, a website dedicated to helping you achieve your dreams of white sandy beaches and fresh ocean breezes in style. The small towns on this list are some of the greatest beach towns on the East Coast. In that case, Miami Beach is the place for you. Income diversification can help you set up a financially secure retirement. Average income for population 65+: $70,291. Youll find small, boutique-style hotels and mom-and-pop restaurants, most serving fabulously fresh seafood and lobster (try the lobster pizza! If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. Consider these affordable retirement locales in the city, beach and mountains. Daytona Beach is one of America's most beloved beach-party capitals in the country. Not far from the energy and vibrancy of Seattle, Port Angeles is one of America's great small towns. Source: SmartAsset 2022 Study Get the data Embed Note: We may earn money from affiliate partners if you buy through links on our site. The weather can also be unbearably humid in the summer, and there are limited cultural resources. Portland has a wide variety of restaurants, and foodies will enjoy sampling diverse and innovative cuisines, local produce and fresh seafood. Just over a quarter of the population is age 60 or older. Biloxi has beautiful Gulf beaches, a mild winter climate and tons of entertainment. Wilmington Island's position between Savannah and the beach-facing islands is what makes it such a great place to live. The cost of living is lower than many other European countries, and the culture is one in which elders are held with great respect. Temperatures don't usually dip below the 50s in the winter. It has wonderful public schools, is safe for families and has great restaurants and nightlife. When it comes to Washington beach towns, Bremerton is one of the most affordable in the state. Where It's Located:The small beachside village of Mahahual is about four hours south of Cancn on Mexicos gorgeous Caribbean Coast. The small town of Freeport has just over 12,000 residents and a median age of 27 years old. 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. Bank account requirements are about $36,000 and $149,000 respectively. 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. As of February 2023, homes had a median selling price of $435,000, making beach living cheaper than the national average. 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. It offers city living on the shores of clear swimmable waters, with eleven miles of beaches to enjoy on its doorstep. Many of them seek out single-story homes with attached garages right around the golf course, marina, and beaches. A recent U.S. News analysis compared the 150 largest metropolitan areas in the United States as potential retirement spots, including data on housing affordability, happiness, desirability, retiree taxes, the job market and access to quality health care. Opinions expressed by Forbes Contributors are their own. The easy visa system is a further bonus, making this an accessible option for most nationalities. Express your gratitude and appreciation by picking out a retirement gift for a colleague. San Mateo, California. 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. It also is at a high hurricane risk during hurricane season. People enjoy it.. 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. There was an unknown error. Not only is it a quaint town full of history, beach restaurants and uncrowded beaches, but it's also quite affordable to live. The location: Mexicos Yucatn Peninsula, where you'll find off-the-radar coastal communities that are so cheap you might not need to work. 3. This involves no tax on Social Security benefits, minimal property taxes and a notable retirement-income deduction from your state income tax. The area is packed with history, culture, seafood restaurants and stunning beaches. 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. The Cost:Life on Holbox is cheap: Think $10 lobster dinners. Hoi An has mountainous surrounds on one side and some of the most beautiful, undisturbed pieces of beach within a stones throw. Cuenca, Ecuador. These are some of the countries that make it possible to find that place by the sea and live comfortably for a fraction of what it would cost in the U.S. A couple can live comfortably in Mahahual for less than $2,000 a month. 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. 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. (Getty Images). Where to stay: Stunning Renovated Direct Beachfront. Massachusetts is home to 1,519 miles of coastline, which means plenty of beaches to choose from. But the 26 miles of beaches, mild climate, palmetto groves and wildlife-filled marshlands make this beach town a really lovely place to be. Top cities: Lisbon, Porto, and the Algrave. The town is home to Bowdoin College, and over on Federal Street is where Harriet Beecher Stowe penned Uncle Tom's Cabin. The city is rapidly growing, which means that it won't stay affordable for long. In 2006 they relocated to Panama and then Nicaragua before returning to Mrida in Mexico's Yucatn state, where they renovated a colonial home and continue to enjoy the good life. Just like many of you dreaming about a coastal dream life, we can make this a reality through information and inspiration! Carteret County has a population of roughly 68,500, with just over 26% age 65 and up. When you visit this site, it may store or retrieve information on your browser, mostly in the form of cookies. Located at the mouth of the Thames River, this seaport citythe second-largest whaling port in the world back in the Moby Dick daysboasts a historic waterfront district that has become the creative hub of the city with art, music, and design venues, unique boutiques, and more than 30 restaurants. Tucked between Vero Beach and Port St. Lucie, Fort Pierce is located on the bay behind the Atlantic-facing Hutchinson Island. 9 cheapest beach towns to live in around the world 1. Another big plus is that they use the United States dollar for their currency. Located in Central America, Nicaragua is nicknamed "The Land of Lakes and Volcanoes." Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Finally, in 2000, she said "not another winter in Omaha" and began looking for a place to live where the climate was better, life moved at a slower pace and she could do more of the things she had always wanted to do. Part of the Space Coast, Melbourne has beautiful beaches on the barrier island across the channel. Obviously, just like anywhere, the closer to the water you are, the more expensive the property.. You can sunbathe on the shores in the morning and dress up to head to a romantic meal in Savannah's historic district in the evening. Theres really just one town to speak of: Only a small area on the western end of the island has been developed. Retirees will most likely rent since foreigners are restricted from owning land, with the exception of certain condo developments in large cities. The shallow and sedimentary conditions of the beach expose thousands of ancient shark teeth every day. Take Our Poll: As a Retired Person, Are You Comfortable With Your Monthly Income? But when you think of America's great beach towns, like the Hamptons, Miami, Malibu, Hilton Head, among many others, we get snapped right back into reality rather quickly the cost of living in these spectacular beach towns is pretty darn high! Freeport's coastal waterways are teeming with fish, so you can imagine that fishing is one of the biggest draws to this part of the country. And as they shift into retirement mode,many are migrating toward the beach. And even better, it has one of the most affordable . The natural harbor that it sits on is one of the best ports along the entire eastern seaboard. Median list price: $249,950. Brace yourself for cold, fog and damp conditions the majority of the year. 3 Ways To Recession-Proof Your Retirement. She writes about food, travel, and real estate for Zagat, FoodNetwork.com, BBC Travel, and more.
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