It can seem as though finding a place where you can be comfortable physically and financially is going to be a long task. However, there are many cities where you could live affordably with their cost of living and taxes. Today, we are discussing some of the most affordable places to retire in the USA.
The median home price in Pittsburg is $119,600 and their cost of living is 8.5% below the national average.
They invest heavily in education and medicine, which is why they are ideal for seniors. You can easily get around the city by riding the bus or the train. However, keep in mind the winters are cold and snowy.
Living in Indianapolis ensures that you will be able to live in the city without paying the high prices. This city’s cost of living is 12.8% below the national average and the median home price is only $134,700. Healthcare is easily accessible and they have a variety of cultural offerings, which makes this a great city for couples.
Omaha has a low unemployment rate and the cost of living is 11.7% below the national average. They have art, music, and cultural offerings available. However, the tax burden is above average.
Decatur is perfect for those who want low taxes, costs of living, and home prices. You can purchase a home for around $111,000 and they are 10.8% below the national average regarding cost of living. They have a variety of things to offer and they rank number 2 on the list of small city nursing home care. If you like traveling you can reach a variety of other cities in three hours or less.
Retirees love relocating here because they have some great financial benefits. For example, they don’t tax your social security income, there’s no state estate tax and property taxes are affordable. Their cost of living is 11.6% below the national average and you can purchase a home for $110,000. If you require assisted living, the cost for that is below average.
If you are planning for retirement and want to live in an affordable city after you retire, these are the ones that you will want to consider first. They do have their drawbacks yet they allow you to live comfortably both physically and financially.
You have worked hard all of your life. Now it is time for you to enjoy all that you worked for.