most affordable beach towns to retire in the world

Brian O'Connell and Emily BrandonApril 20, 2023. One of America's richest cities in terms of culture, history, cuisine and nature, Charleston is the epitome of old-world charm. Hilo, however, may just break the mold. Where It's Located:Holbox Islandwhere the Caribbean Sea meets the Gulf of Mexicois one of our favorite getaway spots, says Haskins. Residents of Bremerton can still work in Seattle with a short commute time, and many do. The restaurants are also truly spectacular, from the casual Greenhouse on Porter to the more haute Vestige, serving New American and Japanese-inspired dishes. Myrtle Beach, SC, is one of the nation's most affordable beach towns. Shop Pay is an innovative payment solution developed by Shopify. While real estate over in Ocean City may be much more expensive, Ocean Pines is much more affordable. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. Or, at least, for many of us, we wish it were. Making up part of the "Treasure Coast," Fort Pierce is a laid-back, residential community that offers beautiful surroundings but less of the activity found at other beach towns farther south. After trying out Ecuador, Haskins and her husband moved to Mexico in late 2002. Leisure World, a gated retirement community located just 12 minutes from the sands of Seal Beach, offers some serious deals. The city itself isn't directly on the beach, which is what makes it more affordable. Please note: Photos are for representational purposes only. 3. Several barrier islands separate the Sarasota Bay from the Gulf of Mexico. The median home price is $1,426 per month with a mortgage or $1,111 to rent. If youre wondering what attracts people to the seaside on a more permanent basis, here are a few reasons. Living near the beach has been your dream for years. It has a little bit of everything.. It's the largest city on the Olympic Peninsula, Port Angeles is at the doorstep of the Olympic National Park, with more than 600 miles of hiking trails, beaches, rivers, waterfalls and the only rainforest in the United States. Charleston may not be the most affordable city in the nation, but as far as beach towns are concerned, it is absolutely more affordable than others. 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. Indonesia offers not only many small islands to explore, with a tropical climate and breath-taking beaches, but also a retirement visa that makes moving there a real possibility. Before you raid your 401(k) or IRA, learn the realities and benefits of taking a retirement plan hardship loan. Haskins hails from the Midwest, where she spent nearly 25 years working in corporate advertising and marketing. When you visit this site, it may store or retrieve information on your browser, mostly in the form of cookies. It is equidistant from the historic city of Savannah as it is to the spectacular beaches and seclusion of Tybee Island. The city has seen much European influence over the centuries. Some of the best beach cities, Read More Best Beach Cities In The World To Live And WorkContinue, There is nothing like escaping the frigid inland weather and going to the coast to wake up early to stand with your feet in the sand, peering into the sunrise, smelling the fresh ocean breeze, waiting for the first warm rays to hit your face. Corfu has an abundance of natural environment, delicious local food, and friendly locals, with beaches, cliffs, and blue waters waiting to be explored. and have not been previously reviewed, approved or endorsed by any other Can I Draw Social Security at 62 and Still Work Full Time? Theres still a lot of areas in Hyannis that are very affordable, says Jeanette Neeven, a Realtor with Century 21 Cobb Real Estate. While some scenarios about how thenational debt can affect your wallet might be speculative, anything is possible if borrowing continues to accelerate. 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. How Financial Literacy Changes Once You're Retired. Shop Pay: What Is It and How Can It Benefit You? 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. Highlight: For those who love the boardwalk and casinos. Well look at the top beach towns that offer an ideal home for retirement and what makes these choices such good ones. Good quality healthcare is available at reasonable prices, and public transportation in many cities makes a car unnecessary. 1. The overall cost of living is around 38% lower than in the United States, and rent is about 64% lower. The 7 most affordable beach towns that you can retire to are: Hobe Sound, Florida. Venices shoreline is located halfway between Sarasota and Port Charlotte, on the eastern edge of the Gulf of Mexico. 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. Just an hour from Seattle, Bremerton is a harbor side, beachfront town that provides a quieter escape from the busy city nearby. Daytona Beach is one of America's most beloved beach-party capitals in the country. Where to stay: The Lodge at Gulf State Park. Temperatures don't usually dip below the 50s in the winter. And locals are willing to fork over that kind of money for a reason. Many people downsize in retirement as a way to cut back on expenses and make their lives simpler. With its bustling main street, John F. Kennedy Hyannis Museum, and world-renowned Cape Cod Hospital, Hyannis is basically the hub of the Cape. In addition to the obvious waterfront activities, Gulf Shores is close to many restaurants and bars, shopping and the wharf in nearby Orange Beach. The overall cost of living is about 28% lower than in the United States, and rent is 73% lower. Step out of your sub-$250K cottage and into the colorful, historic downtown lined with gorgeous live oaks, artist studios, and locally driven restaurants.. However, since youll be on a fixed income, you need to find an affordable spot. Home of the Daytona 500 and so much more, Daytona Beach, Florida, offers 23 miles of white-sand beaches. 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. Melbourne is one of the most affordable beach towns to retire in, at least on this list. And it turns out, they share some common features that are particularly attractive for folks who are no longer congregating by the water cooler. Sixty miles of beaches, water activities, theme parks, restaurants and golf courses that is how vacationers and residents do Myrtle Beach. The community is also a suburb of Baltimore. Still, it is one of the most expensive places to live in Kitsap County. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. A recent U.S. News analysis compared the 150 largest metropolitan areas in the United States as potential retirement spots, including data on housing affordability, happiness, desirability, retiree taxes, the job market and access to quality health care. But while it may be one of America's more affordable beach towns, rising costs are starting to become a deterrent. 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. Of course, when there aren't festivals or events, the town is relatively quiet. There are no condo towers, gated communities or large resorts. Youll also enjoy South Carolinas low taxes. Most vacationers who know of Mexicos Yucatn beaches immediately think of Cancn, Playa del Carmen or Tulum. Therefore, its not surprising that the city was named the top destination for snowbirds in 2021-22 by StorageCafe. Historic Lewes has a more natural, small-town feel and (slightly) lower home prices. 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. The median rent is $1,259 per month. https://www.wearejust.co.uk/news/5-reasons-to-retire-to-the-seaside, https://www.liveandinvestoverseas.com/best-places-to-retire/, https://www.thrillist.com/travel/nation/cheapest-beach-cities-to-live-in-world, https://internationalliving.com/the-best-places-to-retire/, https://www.forbes.com/sites/williampbarrett/2019/11/27/the-best-places-to-retire-abroad-in-2020/. Then, the question is, where are the best beach cities to live and work in. ), says Haskins. Cuenca, Ecuador. Myrtle Beach is another great option for retirees, with warm weather, affordable cost of living and many amenities such as golf courses and shopping centers. Obviously, just like anywhere, the closer to the water you are, the more expensive the property.. I have been drawn to the ocean and the coastal lifestyle my whole life. Here, we caught up with Haskins to get her take on three cheap, out-of-the-way beach retreats in Mexicos Yucatn Peninsula that provide the opportunity for a quieter, easier and much more affordable life. Facing a financial squeeze, some retirees are returning to work. Because of its location to Mississippi and Alabama, the vibe here swings more Deep South than it does Floridian. The less-crowded Neptune Beach often attracts surfers. Median list price: $249,950. Retirees pay a median of $1,882 per month for a house with a mortgage or a median of $1,374 monthly to rent. Massachusetts is home to 1,519 miles of coastline, which means plenty of beaches to choose from. Sarasota Memorial Health Care System and HCA Florida Sarasota Doctors Hospital are major health care providers for the community. The historic city boasts a vibrant downtown with shops and restaurants, 15 recreational parks (including a golf course), and waterfront views from both the mainland and the peninsula across the water. 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. Where to stay: Beau Rivage Hotel & Casino. Hampton, located near the bustling beach communities of Virginia Beach and Norfolk, is popular among residents for its stable economy and proximity to the water. Youll find small, boutique-style hotels and mom-and-pop restaurants, most serving fabulously fresh seafood and lobster (try the lobster pizza! Hibiscus Elegant Midcentury Beachside House. Sarasota's picturesque beaches, including Lido Key and Siesta Key, draw many visitors and retirees to the area. With its ample coastline, there is no shortage of great beach towns to choose from, and the cost of living is low. Situated along the Atlantic Ocean, Vero Beach, Florida, is a quiet coastal town where you can enjoy your golden years. Most Affordable Beach Towns - 2021 Edition - SmartAsset SmartAsset found the most affordable beach towns in America based on factors including home value, housing costs, property taxes and home size. Coos Bay is an adventurer's paradise, with bays, rivers, lakes and Oregon's famous dunes waiting to be explored. READ MORE: 27 Easy Ways To Make Money Online. Where to stay: Margaritaville Beach Hotel. on this page is accurate as of the posting date; however, some of our partner offers may have expired. Life is not cheap in the places getting 30 flights a day from El Norte. The small town of Freeport has just over 12,000 residents and a median age of 27 years old. 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. 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. 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. How the National Debt Hits Your Wallet Every Day, CD Rates Today: April 27 Special 10-Month Term with 5.25% APY. People love to live here because of the beautiful beaches, the winter climate and the entertainment. 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). Here's a look at the Best Places. (Getty Images) Median home list price: $237,050 Millions of tourists flock to Myrtle Beach each year, lured by its surf. "We have a pretty typical life for a family with young kids, says Kent. The cost of living is lower than many other European countries, and the culture is one in which elders are held with great respect. In fact, it can. With a growing body of research showing that spending time near the ocean is beneficial for physical and mental health, retiring in a beach town with a slower pace of life and lots of sunshine is a popular choice, with many options worldwide.

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