And as they shift into retirement mode,many are migrating toward the beach. 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. Daytona Beach, Florida. However, what really makes this port town ideal for the 55-plus crowd is the easy access to quality health care. Why It's Great:If you love white-sand beaches and warm, turquoise waters, thats what youll find in Mahahual, says Haskins. According to the Census Bureau, the average over-65 household in America requires $49,000 a year to cover everything from housing to food. 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. In the city of Cuenca, for example, the cost of living is 66% less expensive, and rents are about 88% lower, when compared with New York City. 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. Where It's Located:The small beachside village of Mahahual is about four hours south of Cancn on Mexicos gorgeous Caribbean Coast. Costa Rica Costa Rica tops this year's list for its low cost of living (around $2,000 a month for a. If hunting for shark teeth wont keep the grandkids occupied, chances are nothing willbut you could always try taking them to the arboretum or Historic Venice Train Depot, or take them for a boat ride. The world's most affordable places to retire - CBS News For example, out-of-country earnings are not taxable. 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. Five hundred miles of shoreline, quaint fishing villages, and moderate weather are good starting points for retirement in this South American country. (Getty Images). Ocean Springs is a Gulf community with a small population of less than 18,000 and a median age of around 40. Rather, here, the residential areas overlook the river. Atlantic City, New Jersey. 9 cheapest beach towns to live in around the world 1. Where to stay: The Lodge at Gulf State Park. We know people who spend far more and others that spend less, says Haskins. Are there sandy beaches on Capri? Brian O'Connell and Emily BrandonApril 20, 2023. The former fishing village is bordered by a beautiful marsh shoreline and dotted with wooded areas. The country has miles of stunning coastline, with plenty of top-class beaches and small islands to explore. In that case, Miami Beach is the place for you. 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. 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. Theres no traffic, no high-risesonly sand-floored beach bars and hammocks everywhere you look. The day when, for most people, they can not answer to someone, be free, be their boss. Best budget-friendly places to retire in 2021: report - CNBC The cost of living is low, and there are residency options for retirees requiring a monthly income of at least $600. The easy visa system is a further bonus, making this an accessible option for most nationalities. There are, of course, many factors. 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. 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. Income diversification can help you set up a financially secure retirement. 10 Beach Destinations Where You Can Easily Retire on Social Security Where It's Located:Holbox Islandwhere the Caribbean Sea meets the Gulf of Mexicois one of our favorite getaway spots, says Haskins. This article examines the similarities and differences between these two lovely towns on the Amalfi Coast. The powdery white-sand beaches are a paradise for sunbathersor those who seek shade under an umbrellaand shell seekers. (Getty . According to United Van Lines National Movers Study, in 2018, 39% of the retirees they moved had their GPS systems locked on to Florida. If it's racing season or Spring Break, forget about it. Myrtle Beach, SC, is one of the nation's most affordable beach towns. Water activities fill the rest of your time, from diving to paddle board yoga. When you think of retirement locales, Florida is probably the first state to come to mind and for good reason. Just over a quarter of the population is age 60 or older. The shoreline of Biloxi is flanked with massive oceanfront casinos, which are the major draw to this coastal community. This Gulf Coast tourist haven has clean beaches, great fishing, and fantastic fowl. If you're looking for a cheap place to retire near the beach, consider Daytona Beach. Unsurprisingly, we're starting on Florida's Atlantic Coast in Palm Beach County. While real estate over in Ocean City may be much more expensive, Ocean Pines is much more affordable. 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. An old village on the Mallorca coast.. The best part is that, thanks to its limited tourism and small expat community, Chitr is also one of Panama's most affordable places to live. Ambergris Caye is a tiny island surrounded by turquoise waters and the longest barrier reef in the western hemisphere. Facing a financial squeeze, some retirees are returning to work. 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. Visitors to this town, perched between the Gunpowder River and the Black River, are impressed by the many outdoor things to do, from the Gunpowder Falls State Park to Miami Beach Park. So, how many beaches are in Massachusetts? Gulf Shores may be more expensive than the rest of Alabama, but it is definitely cheaper than other beach towns in the United States. These coastal cities provide convenient access to the beach and all the amenities retirees need. Pensacola, Florida, is one of the best beach towns to retire in. Live Beachfront for a Bargain in These 10 Beach Towns But the 26 miles of beaches, mild climate, palmetto groves and wildlife-filled marshlands make this beach town a really lovely place to be. Dubrovnik offers some beautiful beaches and a city steeped in rich history, with many beautiful old buildings. Melbourne is an affordable beach town for retirement. Source: SmartAsset 2022 Study Get the data Embed There was an unknown error. Where to stay: Waterfront Manette Beach House. 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. They include this three-bedroom on the water for $275,000 and this two-bedroom cottage for $219,000. 15 Cheapest Beach Towns to Live in the U.S. | Apartment Therapy Myrtle Beach is one of America's favorite vacation getaways. A bus ride to the nearby town of Progreso is about 50 cents. Youre not alone. In fact, it has quite a bit of sprawl for such a small city. 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 atmospheres. With exceptional natural beauty and a large variety of biodiversity, the country is rapidly developing while still offering a lower cost of living. Many locals also take whale watching tours by boat, view masterpieces at Coos Art Museum, swing a 9-iron, or watch the pros play golf at the Bandon Dunes Resort, home to the Curtis Cup. The less-crowded Neptune Beach often attracts surfers. 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. Learn how to maximize your Social Security income using an optimal claiming strategy. This northern Florida city near the Georgia state line is bisected by the St. Johns River, which provides additional opportunities for boating and fishing. Good quality healthcare is available at reasonable prices, and public transportation in many cities makes a car unnecessary. The Qualified Retired Person Residency Program, an easy way to establish residency, requires income of at least $24,000 annually along with a background and medical check. Cheapest US Beach Towns: Beachfront Property You Can Live - Thrillist Here are seven of the nation's best 55+ communities near a beach. Tampa's entertainment options include a port for cruise ships, theme parks and professional sports teams. Cookies collect information about your preferences and your device 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. Situated along the Atlantic Ocean, Vero Beach, Florida, is a quiet coastal town where you can enjoy your golden years. In Loja, you'll . Living near the beach has been your dream for years. Haskins hails from the Midwest, where she spent nearly 25 years working in corporate advertising and marketing. 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. While insurance may be a bit dicier, that's likely to be a temporary issue, says Larry Snider, vice president of operations at Casago Property Management and Vacation Rentals. Weve all had that fantasy of dropping everything and moving to a beach town. Offers may be subject to change without notice. Best Parent Student Loans: Parent PLUS and Private, Halifax Health Medical Center of Daytona Beach. Whether millennials will have enough money to last them throughout their retirement remains to be seen. 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. With generally good weather, low crime rates, and a very accessible location, both to Europe and the rest of the world, Croatia is a dream to retire in. However, the reason why cost of living is so low is because of unpredictable hurricanes, an industrial landscape and summer weather, which can be unbearably hot and humid. Can I Draw Social Security at 62 and Still Work Full Time? If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. For a cheaper retirement option, head to Daytona Beach on Florida's Atlantic coast. It is safe, with a strong sense of community and an excellent medical system. Where to stay: Country Inn & Suites by Radisson. Please note: Photos are for representational purposes only. Part of YaleNew Haven Health, Lawrence + Memorial Hospital is home to the regions only inpatient rehab unit and a nationally recognized cardiac rehabilitation program. Retirees will most likely rent since foreigners are restricted from owning land, with the exception of certain condo developments in large cities. And, of course, the international airport offers convenient, low-cost fares to get to the States and Canada. According to International Living, expat Geoff Kent moved to Chelem with his wife and two young kids in 2018, and they are considering opening a small coffee shop or donut store. It costs a median of $1,521 per month to own a home with a mortgage in Port St. Lucie, and a median of $1,194 monthly to rent. 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. And locals are willing to fork over that kind of money for a reason. Low home values and affordable housing, plus relatively low property taxes are what make Pensacola so affordable. It's a suburban environment with a lot of bars, restaurants and parks. The town is popular because of its beach location and plenty of outdoor activities, but it lacks arts and culture and is fairly isolated when it comes to having other things to do. While that might rule out a comfortable life in expensive beach towns like Naples, Florida, and Hilton Head, South Carolina, that doesn't mean life by the ocean is out of reach for the average retiree. Instead, you get around by golf cart, moped or on foot, says Haskins, who reports that the people who come hereincluding those who stay long termtend to be nature lovers. While some scenarios about how thenational debt can affect your wallet might be speculative, anything is possible if borrowing continues to accelerate. A historic downtown has blocks of buildings from the early 20th century as well as The Freeport Historical Museum. The 10 Best Beach Towns to Retire in the U.S. - US News & World Report 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. All Right Reserved. The median housing expense is $1,488 per month among homeowners with a mortgage, and it costs a median of $1,113 per month to rent an apartment near the beach in Jax, as the locals call it. Well look at the top beach towns that offer an ideal home for retirement and what makes these choices such good ones. World-renowned for excellent healthcare standards, Thailand is a sunny and friendly nation with a low cost of living. Located along the Gulf Coast and the Tampa Bay, Tampa has the powdery sand and swaying palm trees of a beach destination, as well as the skyscrapers and high-rises of a major metro area. Bank account requirements are about $36,000 and $149,000 respectively. 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. 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. You can find out more and change our default settings with Cookies Settings. Equal parts Southern charm and beach-bum getaway, Galveston Island is one of the most popular beach getaways for Houston residents. If youre wondering what attracts people to the seaside on a more permanent basis, here are a few reasons. And even better, it has one of the most affordable . Consider these affordable and exotic places to launch your retirement abroad. Lets hit the beach. And it turns out, they share some common features that are particularly attractive for folks who are no longer congregating by the water cooler. The small town of Freeport has just over 12,000 residents and a median age of 27 years old. How the National Debt Hits Your Wallet Every Day, CD Rates Today: April 27 Special 10-Month Term with 5.25% APY. Jacksonville, FL. Most folks probably dont imagine spending their beachy retirement huddled up under layers of sweaters and blankets, but theyre missing out. Daytona Beach is a popular retirement spot, and a third of the population is age 60 or older. How Can You Tell If A Sea Urchin Is Edible. The cost of living and crime, Read More Is It Good To Live In Miami Beach?Continue. April 24, 2023, at 2:09 p.m. No wonder its a favored destination for older Americans eyeing the golden expanse of work-free years ahead of them. Several visa categories are available, and the most common Migrant Pensionado Visa requires a minimum monthly income of about $717. Monthly budget: $1,100. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. You might be willing to pay to live by the beach, but you dont want to stretch your budget too far. Whether youre looking to move to the beach or simply visit on a budget, here are 25 of the most affordable beach towns in the U.S., from most to least expensive. Historic Lewes has a more natural, small-town feel and (slightly) lower home prices. 3. 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. Of course, when there aren't festivals or events, the town is relatively quiet. Where to stay: Beau Rivage Hotel & Casino. 9 Cheapest Places to Live on the Beach in the World For temporary residence, monthly income of about $2,100 is required, and for permanent residence, the minimum income is $2,700. Durham-Chapel Hill, North Carolina The Durham-Chapel Hill area is the third-highest-ranked large metro area for successful aging, according to the Milken Institute. Lets find out what you need to consider when deciding between Capri and Anacapri! Miami Beach is Floridas 33rd-largest city and, since the early 20th century, one of the most popular coastal areas in the United States. An aerial view of Holbox Island, where the streets, A pier in Mahahual, a quiet and cheap beach town, 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. However, it's also saddled with the highest cost of living in the top 20, running nearly 10% above national averages. It is equidistant from the historic city of Savannah as it is to the spectacular beaches and seclusion of Tybee Island. 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. They are similar but also have several differences that make them distinct. Obviously, just like anywhere, the closer to the water you are, the more expensive the property.. The Cost:In Chelem, a four-bedroom, two-bathroom home with a pool one block from the ocean rents for about $600 a month. These offers do not represent all deposit accounts available. Leisure World, a gated retirement community located just 12 minutes from the sands of Seal Beach, offers some serious deals. The port town offers great boating, fishing, and nearly every type of water sport imaginable in both the sound and the Atlantic. Gozo is a separate island with many beautiful rock formations off the coast of Malta. If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. Travel + Leisure magazine may receive compensation for some links to products and services on this website. The combination can work well for retirees who are looking for a place to retire near the beach on a budget but don't want to give up the amenities and services of living in a city. Coos Bay is no exception when it comes to dramatic views. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. Quit Your Job And Live By The Sea: 3 Cheap (and Secret) Beach Towns 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. Are you thinking of a sunny, cheap cost of living and easy life for your retirement? Residents love to live here because of the climate and water recreation. Where It's Located:A former fishing village, Chelem is located on Mexicos Gulf Coast, about a 40-minute drive from the city ofMrida(which was just named by Best Small City in the World by Conde Nast Traveler). When it comes to Washington beach towns, Bremerton is one of the most affordable in the state. Located at the literal end of the road, Mahahual is one of only two towns to access this spectacular environment. 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. Learn about job opportunities that might be a good fit for older workers. The median home price is $157,900, and the median rent is $1,013. The weather can also be unbearably humid in the summer, and there are limited cultural resources. Theres really just one town to speak of: Only a small area on the western end of the island has been developed. Instead, the 55-plus crowd has been seeking out budget-conscious, beach alternatives with plenty of outdoor activities and (often) a temperate climate in which to settle down for good. Seal Beach is quaint and cute to walk around, says Melinda Elmer, a Realtor with Century 21 Masters. We found 10 of the most beautiful ones. Year-round homes start around $350,000 and reach nearly $4 million. Malaysia may have the cheapest place to live on the beach in the world and you won't believe your luck. The content This college town is also home to the University of Southern Maine. Many people downsize in retirement as a way to cut back on expenses and make their lives simpler. Since Florida doesnt have income tax or a tax on certain kinds of unearned income, this can offset the slightly higher than average but still affordable cost of living. 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. Sunset Beach is one of the cheapest beachside towns for renters, particularly when compared with the median list price of its homes. 29 Great Places to Retire Near the Beach | Kiplinger Orlando Is America's Top Travel DestinationHow Hard Has Its Real Estate Market Been Hit? A retirement haven, Venice, Florida, has a population of just over 26,000 61% are age 65 and up. And now that the coronavirus pandemic makes it unwise to socialize except at a distance, its more important than ever to be able to settle into a forever home where youre free to enjoy the fresh air, long walks on the beach, and the soothing sound of crashing waves. Here's what to consider before you unretire. The town is home to Bowdoin College, and over on Federal Street is where Harriet Beecher Stowe penned Uncle Tom's Cabin. But Daytona Beach has 23 miles of wide, hard-packed sand that allows for myriad activities, from beach sports to beach driving. Leisure World, a gated retirement community located just 12 minutes from the sands of Seal Beach, offers some serious deals. Museums, NASA, beaches, restaurants and the theme parks of Orlando are all within easy reach, too. How Many Beaches Are There In Massachusetts? Its home to lots of shopping, plenty of restaurants, nice golf courses, a great sailing scene, and beautiful beaches. 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. Sarasota Memorial Health Care System and HCA Florida Sarasota Doctors Hospital are major health care providers for the community. As a Retired Person, Are You Comfortable With Your Monthly Income? The Atlantic Ocean coastline is rocky, and waves crash into the rocks sometimes dramatically. Beach homes: These towns are the most budget-friendly - USA Today Most Affordable Beach Towns - 2021 Edition - SmartAsset This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Residents of Bremerton can still work in Seattle with a short commute time, and many do. It may also be a little more lively. So what makes a place attractive to retire in? Biloxi tops the list once again as America's most affordable beach town. Summer is much livelier, with outdoor activities, like music, golf and farmers markets. One of America's richest cities in terms of culture, history, cuisine and nature, Charleston is the epitome of old-world charm. Today, what brings visitors to Port Arthur are the history, wildlife and beaches. Can it be possible? The company 401(k) is just one option available for building wealth. Temperatures don't usually dip below the 50s in the winter. The majority of beaches in Essex are off Rocky Point Beach and Park, which is open year-round for fishing, boating and picnicking. Here's a look at the Best Places. The cost of living in Port Angeles is more expensive than the national average but is less expensive than other places in the state of Washington. About 27% of the citys 10,000 residents are aged 65 and up. Dunedin, Florida. No Matter Your Age, Do Not Claim Benefits Until You Reach This Milestone, Financial Insight in Your Inbox: Sign Up for GBR's Daily Newsletter, 3 Ways to Recession Proof Your Retirement, 8 Purchases Everyone Approaching Retirement Should Make, 25 Things To Sell When You're Ready To Retire. Gulfport is another hidden gem. That said, if you want ocean views, Eureka has those in spades. Homeowners pay a median of $1,485 per month to live in Tampa, and the median rent is $1,160 monthly. Portugal is a popular retirement destination because of its amazing weather and 1,114 miles of coastline. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Lewes and nearby Rehoboth Beach have become one of the hottest LGBTQ retirement destinations on the East Coast. Yes! The restaurants are also truly spectacular, from the casual Greenhouse on Porter to the more haute Vestige, serving New American and Japanese-inspired dishes. If you are someone who wants to live near the beach but aren't sure if you can afford it, there are lots of options around our country that will allow you to live in a beach town without breaking your retirement budget. America is home to some affordable beach towns that come with beautiful stretches of coastline without the hefty price tag. 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's less expensive than other coastal towns in Maryland because it doesn't actually have direct ocean access. People love to live here because of the beautiful beaches, the winter climate and the entertainment. 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