The cheapest places to retire in the United States are often hidden secrets that are puny known. Since cost of living is a major factor in resignation planning looking the cheapest places to retire is crucial to keeping resignation goals manageable. For some retirees a straightforward turn in location for resignation plans can speed up resignation plans by some years. Ordinarily speaking, the cheapest places to retire in the United States are placed in the Midwest and the South. The most costly places are in the Northeast and Southwest.
Best Places to Retire in the Midwest
Though there are many cheap places to retire in the Midwest, you want to reconsider entrance to key resources such as restaurants, entertainment, and airports so you can trip while retirement. Here are a few places to consider:
1. Fort Wayne, In. Fort Wayne is placed on the I-69 corridor. Fwa the airport in Fort Wayne, is one of the few airports in the midwest with a 12,000 foot runway. A mid-sized city Fort Wayne has all of the key resources you will need, including high capability condition care and hospitals, a variety of restaurants and entertainment, and a large citizen that makes networking easy. It also sports a mean housing price of ,900. That is more than ,000 below the national mean housing cost, and ,000 below the midwest median. Since it is in a conservative state, taxes are also relatively low.
2. Louisville, Ky. With a mean house price of ,000 Louisville Ky is an incredibly cheap place to live for such a a large city sporting a major international airport. The rolling hills of Kentucky provide plenty of beautiful scenery including lakes for boating, natural state parks for hiking (such as the Red River Gorge), and a colorful history that is spellbinding to explore.
Best Places to Retire in the South
1. Macon Georgia sports a low housing cost of ,300 with an equally low tax rate for retirees. Macon is not far from Atlanta on the 1-75 corridor and misses the traffic and high home costs. Since you can exclude ,000 of resignation wage from state taxes and asset taxes for retirees over 65 are waived up to 00 a year. Those three factors make Macon Georgia a very cheap place to retire. Yet it is close to some lakes in the area as well as a wildlife refuge and preservation area for those who love the outdoors.
2. Westminster, South Carolina has an incredibly low mean housing cost of ,400 and is just a few minutes drive to Seneca, South Carolina well known as the “City of Smiles” for its welcoming culture, vibrant resignation community, and valuable array of entertainment outdoors and indoors. Flanked by two lakes and blessed with a very moderate climate, this area is placed in the foothills of Appalachia. It is harder to find a more beautiful and economy place to retire. Keep it quiet though, Seneca is well known, Westminster is still a tucked away secret.