The best places to retire provide seniors with an income under $40,000 with comfortable living with many pleasant activities to enjoy. Those willing to consider relocating to one of these areas may find it easier to stretch retirement savings without worries.
Here are seven best places to retire for under $40,000:
1. Augusta, Georgia
, has average housing costs of around $1,000 for homeowners with a mortgage. Seniors who own debt-free homes can spend under $400 a month on housing and renters can find nice places for under $700, according to U.S. News and World Report
. Augusta is known for the Masters Tournament golf event as well as many art galleries and museums.
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2. Jackson, Mississippi
, also offers a median housing cost of about $1,000 a month for seniors with mortgages with housing costs of under $400 for retirees who have paid off their mortgages. Renters can pay about $700 on average. The city offers inexpensive bus fares for seniors with plenty of cultural and outdoor activities.
3. Albuquerque, New Mexico
, attracts students to the University of New Mexico. Low housing costs for seniors may be a little more than $1,000 monthly with a mortgage and under $400 without a mortgage, U.S. News said. Renters can find a nice home for under $700. Inexpensive bus fares and a variety of bike paths and trails make the city enjoyable to get around.
4. Duluth, Minnesota
, is an attractive city with arts and outdoor activities that include fishing, hiking, and nature traveling. Duluth takes great pride in its beauty with 129 municipal parks and gardens. The median cost of a home was $137,100 in 2014, according to The Huffington Post
5. Yuma, Arizona
, offers warm weather for seniors and remains one of the best places to retire. The city has an affordable home value of about $110,000, The Huffington Post said. Summers can get hot, but most of the year is ideal for seniors who want a sunny retirement.
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6. Sarasota, Florida
, provides inexpensive living costs with enjoyable surroundings that include museums, the beaches and historic sites, MarketWatch reported
. There is no state income tax in Florida and property taxes on average are below $2,000 for homeowners. Median home prices are below the national average.
7. San Antonio, Texas
, offers home prices below the national average, MarketWatch noted. The cost of living is also low. With no state income tax and a thriving economy, the city has plenty of activities for seniors and others who live in the warm climate of San Antonio. The Alamo is among its prized historic sites, but there is also entertainment from nearby theme parks.
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