Tags: Retirement | retirement | Ohio | affordable places

Most Affordable Places for Retirees in Ohio

By    |   Wednesday, 10 Jun 2015 09:06 AM

When retiring, affordability is definitely a major aspect of deciding what place is ideal for settling down. Ohio as a state is a good starting place as Sperling's Best Places notes that the cost of living in the state is about 12 percent less than the national average. However, what towns within Ohio are the most affordable for retirement? Here are just a few of the most financially friendly towns in the Buckeye State.

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  1. Mansfield - Sperling's Best Places reports that Mansfield has an overall cost of living about 17 percent less than the national average. This is due in large part to the city's incredibly low housing prices which are recorded at a whopping 51 percent less than national rates. A small town with a cozy, friendly atmosphere, Mansfield is a great spot for retirees who want a quiet life in an incredibly affordable town.
  2. Bucyrus -This homey town comes in with an overall cost of living about 16 percent less than the national average according to Sperling's Best Places. Again, this is due in large part to incredibly low housing prices: Bucyrus's homes cost about 48 percent less than the national average.
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  4. Ashtabula - Located near Lake Erie and Pennsylvania, Ashtabula is one of the most affordable areas in all of Ohio. Sperling's Best Places notes that Ashtabula has an overall cost of living about 18 percent lower than the national average. The greatest cause for this low overall rating is the unbelievably low housing cost, about 54 percent less than the national average. Ashtabula County's official website notes that it is full of fun things to do, including visiting vineyards which are in the largest grape-growing area in Ohio. For a fun, affordable place on the lake, Ashtabula is a great place to be.
  5. Springfield - Like the other locations on this list, Springfield has an overall cost of living well below the national average. Sperling's Best Places reports that the town's cost of living is about 18 percent below the average for the country. Just as with the other spots on the list, this low overall cost of living is influenced most heavily by an incredibly low cost of housing, about 52 percent below the national average.
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When retiring, affordability is definitely a major aspect of deciding what place is ideal for settling down. Ohio as a state is a good starting place as Sperling's Best Places notes that the cost of living in the state is about 12 percent less than the national average.
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2015-06-10
Wednesday, 10 Jun 2015 09:06 AM
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