We would like to have a vegetable garden. Train aficionados can enjoy the area's railroad history and displays of locomotives, including the world's largest steam engine (also retired). The nearby Sierra Nevada mountain range and Lake Tahoe provide ample opportunities for hiking, biking and boating in warm weather, and skiing in winter. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. Even nearby towns like Salt Lake can't compete with Ogden's low prices. The population is about 6,000. To pinpoint one great retirement destination in each state, we weighed a number of factors: Rapacon joined Kiplinger in October 2007 as a reporter with Kiplinger's Personal Finance magazine and became an online editor for Kiplinger.com in June 2010. Im looking for a cannabis-friendly red-leaning state with no state income taxes where should I retire on $60,000 a year? Consider these affordable cities for retirement. Heres whats for sale now across Delta County, using listings on Realtor.com (which, like MarketWatch, is owned by News Corp.). Lets take a look at what it means to live in an age-restricted community, and whether its important enough to you as you begin or continue your search for a new home. Plus, you can choose among a host of retirement communities with ocean views. Topretirements has several friends who have retired to Whitefish, which they think is a magical place. While a median rent of $1,484 does seem super low, the median price tag of a home is only $364,100, John has some of the most affordable homes for sale in colorado. Artists, writers and musicians have long been inspired by this North Carolina mountain town. The Mile High City is an obvious choice for mountain lovers. Look for ways to trim costs and keep items in solid condition to stretch retirement dollars. Many retirees dream of moving to a scenic beach setting or an ideal countryside landscape, but those looking for a mountainside retirement have plenty of options to choose from. The city itself is at nearly 7,000, making it one of Americas highest cities. Leave your suggestions in the comments section. We highlighted one great retirement destination in each state (opens in new tab), taking into account living costs, safety, median incomes and poverty rates for retirement-age residents, as well as residents' sense of well-being and the availability of recreational and health care facilities. Please enter a valid email address. Knoxville is particularly affordable for retirees, compared with, say, Nashville, where living costs among retired people are about the same as the national average. On the bright side, between 2009 and 2018, there have been only two murders in town, according to the community's police department. even provide complimentary public transportation. The 10 Best Mountain Towns for Retirement, Password requires min. Niche reports some of the most economical real estate for retirees in the area, with the median home value at $175,400 way under the $244,900 national average. And the scenery? Note this is Part 2 of Mountain Towns for Retirement, see Further Reading at end for 10 more. I also agree to 55places.comsPrivacy PolicyandTerms of Use. Hunting and fishing are also popular local activities. This intimate city of approximately 43,300 people is located between the Prescott National Forest and the Tonto National Forest. Where should we retire? Through proprietary research studies, engaging articles and original photography and video, we examine topics related to community amenities, education, sustainability, transportation, housing and the economy. In Hilo, on the Big Island, the overall cost of living is 36.4% above the national average, according to Sperling's BestPlaces. 1 spot, Boynton Beach ranked high in cost of living, home price and value, and taxes. We then leverage that expertise to develop city rankings for a range of topics including small towns, college towns and our annual Top 100 Best Places to Live. Consider your health care plans, income sources and tax bracket before making the transition. Kiplinger is part of Future plc, an international media group and leading digital publisher. The city tends to get 310 sunny days each year through all four seasons. Visit a quote page and your recently viewed tickers will be displayed here. Taking classes keeps your mind sharp, helps you network and may even be free. And it backs up the claim, offering a downtown full of restaurants, nightclubs, art galleries and music venues, on top of its well-known casinos. And being the capital city, you can find plenty of attractions to keep you busyworld-class restaurants, professional sports teams and an array of museums, theaters and other cultural attractions. Enter your email to be added to our mailing list. We get up early and go to bed early, so we enjoy beautiful sunrises and sunsets. Best Parent Student Loans: Parent PLUS and Private. All are proven great places to retire some are college towns and others are also on a lake. Cost of living for retirees: 6.1% below the national average. 9 Things You Must Know About Retiring to Arizona. Median rents in Elk County, where 30,000 people live, are just under $600 a month and are a touch lower than in neighboring Cameron County, which has just 4,500 residents. Cabins, hiking, and lots of great landscapeswith gorgeous foliage in the fallmake it a wonderful place to settle down. Asheville is a popular retirement spot, and over a quarter of the population is age 60 or older. This college town is the home of Southwestern University, the oldest higher education institution in Texas. Home to NASA's Marshall Space Flight Center, the Redstone Arsenal and the Huntsville campus of the University of Alabama, the city offers a robust economy and a highly educated population. But if you're willing to look beyond the most well-known. Solace up those hiking boots and wax those snowboards: from epic scenery and a lively arts scene inOgden, UT; toBoone, NCsquaint college town feel, here are five high-altitude cities with surprisingly low price tags. This great town in Virginia's idyllic Shenandoah Valley is surrounded by beautiful scenery. It can cost your family thousands of dollars each year if you end up in one of the worst states for taxes after a move. We love cats and dogs, reading and being alone together. It would be hard to find a more picturesque setting. So check yourself out for at least a week in any higher elevations (Ive talked with people with similar difficulties in the upper Appalachians at only 5-6000 feet). While the housing prices are on the rise, they aren't changing too rapidly just yet: the median list price in Ogden is $189,900. Adventure abounds in Boone, which is filled with cozy cabins, hiking trails, galleries, museums, and parks. Small towns with lesser-known mountains (some might call them really big hills) may have to substitute. Mentone, Alabama. Ogden, Utah. The cost of living is 10% below the national average. The famed Clark Art Institute, the Williams College Museum of Art, and the Williamstown Theatre Festival are just some of the proud artistic accomplishments of the town. This rapidly growing town in west central Montana is home to Montana State University Bozeman and its 10,000 students. Mount Rainier National Park is about 150 miles away, but you can find plenty of peaks, including Badger Mountain, Candy Mountain and Jump Off Joe Butte, nearby. Cheyenne, Wyoming. Albuquerque, New Mexico. And recent job growth has increased by 2.8 percent (higher than the national average of 1.6 percent) with manufacturing, retail trade and public administration ranking as the citys leading industries. Current market conditions bring both opportunity and risk. At the same time, Chattanooga has many urban pleasures, including dining and entertainment options, a wide variety of public. This giant area contains many small towns and areas where you will find happy and active retirees. This citys location in the Coachella Valley area provides access to both Joshua Tree National Park and the San Jacinto Mountains. The overall cost of living is 1.2% below the national average, according to Sperling's BestPlaces, making it much more affordable than Manchesterabout 50 miles southwhere living costs are 13.2% above average. In the winter, hit the slopes atSki Cooper, one of the countrys oldest ski resorts, snowmobile the back-country or cross-country ski along the towns well-groomed trails. There is a vibrant downtown with a busy new library and great outdoor stores. Laid-off Meta cafeteria workers ask for the same severance as the companys employees, Why a change of scenery can be life-changing in retirement, Lawmakers consider plan to raise Social Securitys full retirement age to 70. Yes, New York (rated #1 most walkable large city by walkscore.com at 85), Washington, Chicago, Philadelphia, Boston, and San Francisco are great cities for walking. on this page is accurate as of the posting date; however, some of our partner offers may have expired. It gets its name from the naturally heated springs in the area, which you can find in Hot Springs National Park, and also Bathhouse Row, which is home to bathhouses that date back centuries. Of course, outdoor enthusiasts have more than enough to enjoy, too: The Phoenix Mountains Preserve alone, including Piestewa Peak (2,608 feet) and Camelback Mountain (2,707 feet), offers many hiking and biking trails just 20 minutes from downtown. Denver offers 14,000 acres of parks nearby in the foothills of the Rocky Mountains, with ample opportunity for hiking, biking and exploring. But you have plenty to enjoy all year round, including excellent sites for camping, fishing, hiking and skiing. Asheville, North Carolina is located in the midst of the Blue Ridge Mountains, a part of the larger Appalachian range. Here's a look at the Best. You can enjoy the great outdoors, hiking or biking along the more than 60 miles of surrounding trails, observing the local wildlife, or taking advantage of nearby fishing, kayaking and swimming spots. Email Address This mountain resort town in Colorado draws tourists for its sports and views. Whether you're looking for a place to cast a line or ski a slope, Boone has a place for you. Nvidia stock has been a market-beater recently, but has it always been such a winner? Copyright 2006-2023 Topretirements.com. This year's list of the 25 Best Places to Retire highlights places with affordable homes, low taxes and high ratings for happiness and health care quality. Keep up to date with our latest rankings and articles! Combine the culture and arts scene that comes with the university with a quaint historic shopping and restaurant district, great weather and all those mountain activities for an A-plus experience. But if you crave adventureand don't mind long winters and vast swaths of wildernessit pays to live in Alaska. Hiawassee, Georgia. Iron Mountain is the snowier of the two. Locals seem happy with what they have at their fingertips. Old Town provides interesting shopping. I understand that my consent is not a prerequisite for buying a property. The surrounding Ozark Mountains afford residents outdoor recreation and natural wonders to enjoy while the downtown area, home to the University of Arkansas, provides restaurants, shops and a lively music and arts scene, including the Walton Arts Center. Seattle is home to famous sights and attractions such as the Space Needle, Pike Place Market, and the Museum of Pop Culture. The new spending bill makes it easier to save for retirement. Here's a look at the most recent IRA and 401(k) tax reform laws. And the local lifestyle is still priceless. I may revoke my consent at any time by contacting [emailprotected] Message/data rates may apply. The content The gateway to Snowbasin, Powder Mountain and Nordic Valley, this hidden gem, just 35 minutes north ofSalt Lake City, sits at 4,280 feet and is adjacent to 170,000 acres of national forest. Southern California is a dream location for many active adult homebuyers for a variety of reasons such as warm weather and close proximity toSan Diego and Los Angeles. An eco-friendly vibe permeates the town, from the businesses bolstering the city's economy, such as household-products maker Seventh Generation, to the local food movement feeding the neighborhood. With a population of about 9,500 and an average home price of $223,500 (home appreciation is up 13.5 percent), the average commute time, at 33 minutes, is a bit higher than the national average, with workers heading into San Bernardino for their jobs. Although skiing on Mount Werner is the main draw here in the winter and spring, the. Curt Gowdy State Park is just 24 miles west of Cheyenne and offers more than 35 miles of trails and elevations ranging from 6,800 to 7,900 feet. This northwest Arkansas town is nestled in the Ozark Mountains and is a welcoming spot to decamp to during retirement. Thats quite a challenge. Or if you're 50 or older, you can join the local chapter of the Osher Lifelong Learning Institute. Charlottesville also ranks fifth for overall well-being, out of all 187 metro areas included in the Gallup-Sharecare Well-Being Index, with above-average scores in all categories, including physical health and resident satisfaction. Steamboat Springs, Colo. Driving on snowy roads can be dangerous. 13 Reasons You'll Regret an RV in Retirement. Burlington, Vermont. That means plenty of beaches and water-related activities for you in the warmer months. Bozeman area mountains Bozeman, Montana. Hunting, fishing, hiking are excellent. These mountain towns have majestic peaks and reasonable housing costs. The citys Market Square Downtown District hosts an expansive list of restaurants, retailers, parks, and greenspaces. Consider retirement in these affordable mountain towns. Housing is notably affordable: The median home value in the city is $173,200, compared with $407,400 for all of Massachusetts and $592,300 for Boston proper, according to Zillow. This is a golfer's paradise with more than 100 courses in the area. 55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com. Rents across Delta County are much cheaper than around Iron Mountain, where median incomes are higher and median rents are well above $600. These are the cities with the most affordable housing that also scored highly on the U.S. News Best Places to Retire in 2022-2023 ranking. It's also just north of Blowing Rock, North Carolina, another great mountain community with a charming downtown that's well worth a visit. The Beehive State, 10th in our 2018 rankings of the best states for retirement (opens in new tab), is a sweet spot for active retirees. Williamstown, Massachusetts. Im 73 and will only have my 401(k) after retiring. The scenery in the surrounding mountains is spectacular, and so are the recreation possibilities. Press | Outdoor activities are very important. Nestled among the mountains, youll find plenty of ski runs (the town hosted three venues during the 2002 Winter Olympics) and hiking and mountain bike trails, plus nearby lakes and rivers for water sports and nearly 40 parks in the area. Most of Colorado is mountainous, but this town in the southwestern part of the state is different and more out of the way. These cities located in or near the mountains have opportunities for outdoor recreation as well as a reasonable cost of living that will help your retirement savings stretch further. Im 54 and my husband is 62. Sound fun? Some of the areas most popular peaks include Grandview Peak, OSullivan Peak, and Gobblers Knob. Help | 8. The Best Active Adult Communities for Boaters. Renaissance man Thomas Jefferson laid the foundation for the well-rounded city his hometown has become. Sometimes it makes more sense for one member of a married couple to keep working. All Rights Reserved. Regardless of which stage you're at in your retirement planning, it's important to save as much as you can in a tax-advantaged account like a workplace 401(k) plan or an IRA, which you can open at several banks. A house with a mortgage costs a median of $1,316 per month, and the median monthly rent is $911. Blog Whatever it may be that you consider the most important when picking a place to retire, these 20 metro areas will give you great value and a low cost of living. The median home value in Hilo is $339,800, according to Zillowstill pricey, to be sure, compared with the U.S. median of $229,000, but much more reasonable than the $676,100 median in Honolulu. I can afford a $300,000 home in a ski town but not if it comes with $6,000 a year in HOA dues so where can I retire? Average winter highs will be below freezing; average summer highs are in the mid-70s. I want to retire in a liberal-thinking area on $3,000 a month, including rent where should I go? You can enjoy boating and fishing on the Columbia, Yakima and Snake Rivers, and hiking or biking on the 23-mile Sacagawea Trail. RSS feed for comments on this post. Some of the citys sights to see include Watson Lake and the Watson Woods as well as Lynx Lake Recreational Area. Another big local attraction: Every summer since 1897, Cheyenne hosts the world's largest outdoor rodeo and Western celebration, Frontier Days, now a 10-day event. 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