Affordable Southern Beach Towns Where You Can Retire on 0,000 a Year Portugal - Best Overall. I'm a Self-Made Millionaire: These Are the 6 Investments Gen X women are now between the ages of 43 and 58, which means retirement is on the not-too-distant horizon for some of them. Lake Okeechobee is 40 miles southwest. Or, at least, for many of us, we wish it were. Malaysia may have the cheapest place to live on the beach in the world and you won't believe your luck. Theres no traffic, no high-risesonly sand-floored beach bars and hammocks everywhere you look. (Getty Images). However, quite a few countries around the world offer pristine beaches, low cost of living, and attractive lifestyles, making them affordable destinations for those whose hearts are set on beachfront living. You can get a nice beachfront lot for less than $100,000. We are compensated for referring traffic and business to Amazon and other companies linked to on this site. Every amenity anyone could possibly want or need can be found in Mrida, including sprawling shopping malls, excellent hospitals and even Costco, says Haskins. It is safe, with a strong sense of community and an excellent medical system. Portugal is a popular retirement destination because of its amazing weather and 1,114 miles of coastline. Highlight: For those who love the boardwalk and casinos. In fact, International Living rated the Slovenian city of Ljubljana as one of the top 10 cities to retire to in the world. Sugar Sands - Riviera Beach, FL Low $200s - High $600s Sugar Sands is a 55+ condominium community located right off the Intracoastal Waterway. But this is one of the best overall areas to live in terms of quality of life. It's not in Seattle proper, but just a short ferry ride away, which helps bring housing costs down. Corfu has an abundance of natural environment, delicious local food, and friendly locals, with beaches, cliffs, and blue waters waiting to be explored. Located on the Gulf of Mexico, the city offers plenty of entertainment, including concerts in the park, festivals and community theater. Read on to see where the best places are, what makes them good places to retire, and why exactly retiring at the beach is so popular. And for many, life by the beach is that ideal. 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. It is barely above sea level, so most expats that live here tend to be very resilient and/or build very sturdy well-engineered homes on tall pillars, says Haskins. You're likely to find plenty of other retirees for company, since over a third of the population is age 60 or older. Since you dont currently live in a coastal community, this means youre going to need to pack up and move. As of February 2023, homes had a median selling price of $435,000, making beach living cheaper than the national average. But another reason for Galveston's affordability is that it is no stranger to natural disasters. The large community has various purchase restrictions, including a minimum age, and in some cases requires all-cash transactions; but to buy in another part of the desirable beach town would cost at least $700,000. 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. 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. Brace yourself for cold, fog and damp conditions the majority of the year. 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. The median home price is $1,426 per month with a mortgage or $1,111 to rent. 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. Equal parts Southern charm and beach-bum getaway, Galveston Island is one of the most popular beach getaways for Houston residents. The Atlantic Ocean coastline is rocky, and waves crash into the rocks sometimes dramatically. But the affordability comes from the fact that Myrtle Beach does have a high crime rate, which has brought home prices down. Of course, if you want something more tranquil, you can just head over the bridge into Ocean Springs. However, you're never a far drive from the epic beaches nearby, like Folly Beach, Kiawah Island Beach, Seabrook Island Beach and Isle of Palms Beach. 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. Facing a financial squeeze, some retirees are returning to work. Residents love it because of the growing economy, entertainment, proximity to the beach and cost of living. As of 2023, the median home sale price was $461,400. Cheap housing and proximity to Baltimore are what bring people to settle in Essex. The world's most affordable places to retire - CBS News Is It Better To Stay In Capri Or Anacapri? We found 10 of the most beautiful ones. 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. 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. It's also great for retirees, with lots of recreation areas and a high ratio of doctors' offices to people. Youre not alone. The median rent is $1,259 per month. Located in Baltimore County, Essex is a coastal community along the Black River. Myrtle Beach is one of America's favorite vacation getaways. Bay St. Louis is attractive to residents and visitors because of its beautiful gulf beaches, temperate winter climate and plenty of entertainment during high season. Gulfport is another hidden gem. In February, the median home listing price in the U.S. was $386,721, according to Redfin. 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. Tampa's entertainment options include a port for cruise ships, theme parks and professional sports teams. The Algarve, with year-round sunshine, excellent medical facilities, a low cost and high standard of living, easy access to Europe and the world, and a good infrastructure, is an obvious choice. Travel + Leisure magazine may receive compensation for some links to products and services on this website. Becoming a resident is relatively easy. Biloxi tops the list once again as America's most affordable beach town. 5 Cheap Places To Retire Near The Beach Most people tend to buy property in one of the many beachside communities scattered north and south of Mahahual, where it is still possible to find a true oceanfront home or lot on which to build a home. You can find out more and change our default settings with Cookies Settings. Retirees will most likely rent since foreigners are restricted from owning land, with the exception of certain condo developments in large cities. Or if you love the west coast more, you can, Read More Why Are Coastal Towns Warmer In The Winter?Continue, Suppose youre looking for a place with beautiful beaches, stunning architecture, and a rich cultural landscape. Daytona Beach is a popular retirement spot, and a third of the population is age 60 or older. Offshore charter boat services are available to cruise up and down the Brazos River or off the coast of Bryan Beach. Most Affordable Beach Towns - 2022 Edition - SmartAsset Loading Top 50 Most Affordable Beach Towns Note: All figures shown are averages in each city. A couple can live comfortably in Mahahual for less than $2,000 a month. In fact, it can. 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. Best Parent Student Loans: Parent PLUS and Private, Halifax Health Medical Center of Daytona Beach. If you're looking for a cheap place to retire near the beach, consider Daytona Beach. Seal Beach is quaint and cute to walk around, says Melinda Elmer, a Realtor with Century 21 Masters. - Weather rank: #18. This college town is also home to the University of Southern Maine. 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. Unless otherwise noted, all data was sourced from Redfin and the U.S. Census Bureau. 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. Yes, many people like to retire near the ocean, but why? Visitors come for the 60 miles of beachfront and stay for the theme parks, live entertainment and restaurants. To come up with this list, our data experts looked at more than 1,300 towns on the water, pulled off the places that are located on lakes or riversthis list is all about tasting the salt in the ocean breezeand cut the selections to one place per state, for a wider variety of options. Part of YaleNew Haven Health, Lawrence + Memorial Hospital is home to the regions only inpatient rehab unit and a nationally recognized cardiac rehabilitation program. Lisbon, Portugal. The historic downtown is what you'd expect from an old Northern California town, shrouded in fog and peppered with historic architecture. Express your gratitude and appreciation by picking out a retirement gift for a colleague. 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. To hit the soft sand of beautiful Atlantic Beach, locals have to drive about seven minutes across the bridge. 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. Not only is it a quaint town full of history, beach restaurants and uncrowded beaches, but it's also quite affordable to live. Another big plus is that they use the United States dollar for their currency. Top cities: Lisbon, Porto, and the Algrave. Opinions expressed by Forbes Contributors are their own. A Certified Retirement Community by RetireNC, Carteret County, North Carolina, is a great place for active retirees. 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. All information is accurate as of March 21, 2023 and is subject to change. 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. Dubrovnik offers some beautiful beaches and a city steeped in rich history, with many beautiful old buildings. On average, residents pay more for goods, services, groceries and healthcare, but pay less for housing and transportation. Even for those just planning to escape the coldest months of the year in a sunny beach destination, consider the visa requirements that may be necessary for longer-term home rentals. 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 fact, it was named the second-best city in the U.S. for senior health by The Mesothelioma Center in 2023. This is not a typo: Southern California does, in fact, boast affordable retirement homes right near the coast. Its population is a beautiful mix of native Hawaiians, Japanese, Portuguese, Puerto Ricans and Chinese, among others, and it draws an artistic crowd who come to explore its museums and the Hawai'i Volcanoes National Park. With borders on the Gulf of Mexico in the east and the Pacific Ocean in the west, Mexico offers around 6,000 miles of coastline. With 2,000 miles of coastline, finding a place to live near the beach should be relatively easy. The majority of beaches in Essex are off Rocky Point Beach and Park, which is open year-round for fishing, boating and picnicking. 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. Quit Your Job And Move To An Island: 15 Places So Cheap You - Forbes Before you raid your 401(k) or IRA, learn the realities and benefits of taking a retirement plan hardship loan. Over a third of the population is age 60 or older. It's a suburban environment with a lot of bars, restaurants and parks. In the summer, you can evencatch sea turtles crawling up onto the sand to lay their eggs. Located on the Pensacola Bay near the Gulf of Mexico, this popular beach retirement spot is an ideal place to enjoy Perdido Key, Pensacola Beach and the Gulf Islands National Seashore. Sara Ventiera is a journalist based in New York City and Los Angeles. Coos Bay is an adventurer's paradise, with bays, rivers, lakes and Oregon's famous dunes waiting to be explored. and have not been previously reviewed, approved or endorsed by any other The website recently revealed the world's five best-value coastal escapes, places where you can retire early and live on as little as $1,400 a month for two people including extras like. The Best Places to Retire Overseas | Retirement | U.S. News Pensacola, Florida, is one of the best beach towns to retire in. It's a smaller, quiet community with a much more affordable cost of living than some big retirement destinations like Sarasota or Melbourne, says Snider. But this is not a sleepy seaside community. Myrtle Beach has a wide variety of golf courses, including designs by Robert Trent Jones and Jack Nicklaus.
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