In most of the U.S., property by the seashore comes at a premium, and home prices are out of reach for many retirees. These offers do not represent all deposit accounts available. The overall cost of living is around 38% lower than in the United States, and rent is about 64% lower. Still, Hilo is all about the traditional roots of Hawaii culture. Plus, it has its own stretch of bayfront nine miles to be exact. Myrtle Beach, SC, is one of the nation's most affordable beach towns. But the seasonal town of Bay St. Louis is just 50 miles from New Orleans, offering an uninterrupted stretch of white sand, leisurely piers and several shops and eateries. Equal parts Southern charm and beach-bum getaway, Galveston Island is one of the most popular beach getaways for Houston residents. entities, such as banks, credit card issuers or travel companies. 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). However, you're never a far drive from the epic beaches nearby, like Folly Beach, Kiawah Island Beach, Seabrook Island Beach and Isle of Palms Beach. Why It's Great:Life in bohemian, laidback Holbox is all about the white-sand beach and being in or on the water. The median home price is $157,900, and the median rent is $1,013. For an additional $20,0000, this three-bedroom ranch is available in the Oakwoods. Affordable Southern Beach Towns Where You Can Retire on 0,000 a Year so you can start planning your new life on the beach. The Best Places to Retire Overseas. State's tax rating for retirees: Most Tax Friendly. When you're not lounging on the powder-soft white sand beaches of the nearby islands, you'll be strolling the 18th-century streets and buildings, tucking into James Beard award-winning cuisine and watching the boats come into the picturesque Charleston Harbor. Puerto Escondido, Melaque, Troncones, and Progreso Regions of Mexico It's easy to retire in Mexico on Social Security alone, but only if you avoid the major tourist destinations. Daytona Beach is a popular retirement spot, and a third of the population is age 60 or older. Lisbon, Portugal. With sublime beaches and a well-established expat community (20% of the islands permanent population), Phuket offers pristine beaches and a warm, tropical climate. America is home to some affordable beach towns that come with beautiful stretches of coastline without the hefty price tag. If you're going to move to a beach town in the U.S., you might as well move to one in a state that doesn't charge any income tax. The 10 Most Affordable Beach Towns, 2021 Edition - Realtor.com If youre wondering what attracts people to the seaside on a more permanent basis, here are a few reasons. With plenty of islands to explore and the mainland, Greece has one of the longest coastlines in the Mediterranean for those beach lovers who want to explore. The community is also a suburb of Baltimore. Baja California, Acapulco, Cancun, Puerto Vallarta, Rosarita, and La Paz are a few well-known beach areas, and quiet fishing villages might attract retirees with lower costs and casual. Port St. Lucie scored highly on the desirability metric, and many people age 45 and older are interested in retiring in the area, according to a U.S. News survey. Lake Okeechobee is 40 miles southwest. 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. It's not in Seattle proper, but just a short ferry ride away, which helps bring housing costs down. The less-crowded Neptune Beach often attracts surfers. No matter where in the world you live, there is no doubt a great beach retirement destination not too far from where you that wont leave you feeling too far away from your family and friends, and will no doubt open doors for new friendships and the opportunity to meet like-minded people. Lets find out what you need to consider when deciding between Capri and Anacapri! The city is about a 20-minute drive from the Pacific Ocean. 3. While that might rule out a comfortable life in expensive beach towns like Naples, Florida, and Hilton Head, South Carolina, that doesn't mean life by the ocean is out of reach for the average retiree. As a Retired Person, Are You Comfortable With Your Monthly Income? 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. Can I Draw Social Security at 62 and Still Work Full Time? People love to live here because of the beautiful beaches, the winter climate and the entertainment. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. Rather, here, the residential areas overlook the river. You won't be getting warm golden days in Eureka. These are just some of the key factors considered when picking a destination in which to retire. In fact, the Sunshine States shorelines arent the only coastal ZIP codes attracting boomersplenty of folks dont want to live in what feels like a steam room six months out of the year, or they may want to be closer to friends and family elsewhere in the country. Part of YaleNew Haven Health, Lawrence + Memorial Hospital is home to the regions only inpatient rehab unit and a nationally recognized cardiac rehabilitation program. Its chilly, long winters are what keep this beach town more affordable than other ones in America. Miami Beach is Floridas 33rd-largest city and, since the early 20th century, one of the most popular coastal areas in the United States. Morehead City has enough nautical attractions to make die-hard boaters keel over. 1. With 2,000 miles of coastline, finding a place to live near the beach should be relatively easy. Atlantic City, New Jersey. Part of Mississippi's "Secret Coast," Ocean Springs is a beach town that features white, soft sand and a vibrant downtown, packed with boutiques, music and great restaurants. To come up with this list, our data experts looked at more than 1,300 towns on the water, pulled off the places that are located on lakes or riversthis list is all about tasting the salt in the ocean breezeand cut the selections to one place per state, for a wider variety of options. Therefore, its not surprising that the city was named the top destination for snowbirds in 2021-22 by StorageCafe. Unsurprisingly, we're starting on Florida's Atlantic Coast in Palm Beach County. So far, things aren't looking great for this generation. Where to stay: Beau Rivage Hotel & Casino. Please try again later. Learn how to maximize your Social Security income using an optimal claiming strategy. The small town of Freeport has just over 12,000 residents and a median age of 27 years old. With warm temperatures all year, an abundance of beaches to explore, and a lower cost of living, Mexico is an attractive retirement option while still familiar with many US brands. The cost of living is reasonable, and there are many retirement communities and senior-friendly neighborhoods to choose from, says Latenko. The panhandle town is not far from the Gulf towns of Mobile and Gulfport. The city itself isn't directly on the beach, which is what makes it more affordable. Still accessible to the world and with ample beaches and islands to explore for those wanting variety, this is one of the less developed, quieter destinations, an appealing characteristic for many retirees. You can find out more and change our default settings with Cookies Settings. America is home to some affordable beach towns that come with beautiful stretches of coastline without the hefty price tag. By clicking the 'Subscribe Now' button, you agree to our Terms of Use and Privacy Policy. The large community has various purchase restrictions, including a minimum age, and in some cases requires all-cash transactions; but to buy in another part of the desirable beach town would cost at least $700,000. The Best Places to Retire in 2022-2023 - US News & World Report Specifically, she specializes in budgeting, debt repayment, savings and retirement. Homeowners pay a median of $1,485 per month to live in Tampa, and the median rent is $1,160 monthly. It has 10 birding sites on the Great Texas Birding Trail and the planets sole migrating flock of over 265 whooping cranes, which passes through the Aransas Wildlife Refuge every winter. Note: We may earn money from affiliate partners if you buy through links on our site. Quit Your Job And Live By The Sea: 3 Cheap (and Secret) Beach Towns You save for retirement your whole life, you work, at some point, only knowing that you can retire and wont keep having to work, so it feels like, in some ways, its what you work towards for much of your life. Weve all had that fantasy of dropping everything and moving to a beach town. Its population is a beautiful mix of native Hawaiians, Japanese, Portuguese, Puerto Ricans and Chinese, among others, and it draws an artistic crowd who come to explore its museums and the Hawai'i Volcanoes National Park. Oceano Median home price: $566,280 Located in San Luis Obispo County, Oceano provides a suburban feel to retirees wanting to spend their time by the glimmering waters. And Pensacola in particular is affordable with a significantly lower than average cost of living, home prices that hover around $140,000, and reasonable property taxes. Ecuador has acquired a reputation as one of the best options in the world for retirees on a budget, but little Loja is still off the world's radar. New Jerseyand its infamous shoregets a lot of flak, but its called the Garden State for good reason: Its friggin beautiful when you exit the turnpike. Add to this the sentimental nostalgia that many people have of summer family vacations to the beach, and its easy to see why there are sunny recollections of happy times, making such destinations ever more attractive. Here are the top 10 budget-friendly spots that offer access to the ocean: 1. And for many, life by the beach is that ideal. Sixty miles of beaches, water activities, theme parks, restaurants and golf courses that is how vacationers and residents do Myrtle Beach. Sunset Beach is one of the cheapest beachside towns for renters, particularly when compared with the median list price of its homes. The shallow and sedimentary conditions of the beach expose thousands of ancient shark teeth every day. NASCAR, headquartered in the area, holds several . However, what really makes this port town ideal for the 55-plus crowd is the easy access to quality health care. This lifelong build-up can leave one feeling like theres a lot of pressure to do retirement right: to pick the right place to retire, the right hobbies, surrounded by the right people. The World's 9 Most Affordable Places to Retire - US News & World Report 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. That is because, while its economy is strong and crime rate is low, the community is fairly isolated, meaning residents have a long commute to work. Of those, Ocean Springs is the beachiest. Average income for population 65+: $70,291. 9 Cheapest Places to Live on the Beach in the World It's one of the most affordable places to live in the Caribbean: According to International Living, a couple could live well starting at $2,000 a month. There are 267 officially recognized beaches in the, Read More How Many Beaches Are There In Massachusetts?Continue, Capri is a fantastic island in Italy and a great tourist attraction. Water sports and historic sites are the main attractions here. The content A bus ride to the nearby town of Progreso is about 50 cents. Most retirees opt for the private health care system where costs are low and quality is high. Retirees can take the grandkids on whale watching tours or picnic at one of the many parks or the beach. Theres really just one town to speak of: Only a small area on the western end of the island has been developed. 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. But there are quieter, less-touristed spots that provide the same eye-popping views, but with fewer crowds and less expense, says Suzan Haskins, a senior editor at International Living. Over on the Sunshine State's Atlantic coast, Vero Beach is a nature lover's paradise with miles of hiking and biking trails, plus wildlife refuges along the coast. But Daytona Beach has 23 miles of wide, hard-packed sand that allows for myriad activities, from beach sports to beach driving. The city sits on a barrier island in the Gulf of Mexico, with sprawling beaches (though not necessarily the best in Texas), lively nightlife and a non-stop energy that keeps the Texas Southern students coming in. Residents speak English, and both Belize currency and the U.S. dollar are accepted. Many locals also take whale watching tours by boat, view masterpieces at Coos Art Museum, swing a 9-iron, or watch the pros play golf at the Bandon Dunes Resort, home to the Curtis Cup. So what makes a place attractive to retire in? 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. Just over the bay from Ocean City, Ocean Pines is a quieter, more residential pocket not far from the beautiful sandy beaches of its more popular sister. Its proximity to Mrida makes it extra appealing. Port Arthur was founded in the late 19th century and, at one time, was the center of the largest oil refinery in the world. The city of Puerto. Sarasota's picturesque beaches, including Lido Key and Siesta Key, draw many visitors and retirees to the area. 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. Instead of Hilton Head, Try: Myrtle Beach, S.C. Follow these steps to find purpose, fulfillment and retire happy. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The area is packed with history, culture, seafood restaurants and stunning beaches. See how your savings stack up against your peers. The city hails itself as The Shark Tooth Capital of the World due to the thick fossil beds that lie right under its gently lapping shores. There are, of course, many factors. Either way, you have a lot of homework cut out for you in deciding which option suits you best, is the most practical, and is also an accessible option for you, depending on your nationality. A historic downtown has blocks of buildings from the early 20th century as well as The Freeport Historical Museum. However, one of the reasons it may be more affordable than other beach towns is because its almost too popular with tourists, lacks arts and culture, and is on the seasonal hurricane path. 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. Beach homes: These towns are the most budget-friendly - USA Today 10 Crazy Cheap Beach Towns - Knockaround.com Retirement visas are available for those at least 50 years old with a valid passport, background check, at least $24,500 in a Thai bank account, and monthly income of about $2,000. It also boasts a strong health care system, numerous golf courses, and a stunning sculpture park and wildlife preserve, Brookgreen Gardens, hailed as one of the Top 10 Gardens in the United States by TripAdvisor. The Indian River Lagoon separates the mainland from a barrier island, which is a popular spot to catch glimpses of passing dolphins and sea turtles. Gozo is a separate island with many beautiful rock formations off the coast of Malta. With generally good weather, low crime rates, and a very accessible location, both to Europe and the rest of the world, Croatia is a dream to retire in. The 7 most affordable beach towns that you can retire to are: Hobe Sound, Florida. The 10 best beach towns for retirement - CNBC Retirement can be affordable and exciting in these European destinations. A bus ride to the nearby town of Progreso is about 50 cents. Sign up for our daily newsletter for the latest financial news and trending topics. The overall cost of living is about 28% lower than in the United States, and rent is 73% lower. 10 Most Affordable Beach Towns Perfect for Retirement in 2023 - MoneyWise On average, residents pay more for goods, services, groceries and healthcare, but pay less for housing and transportation. If you decide to make this 121km 2 island your home, you won't just have beaches on your doorstep, but rainforests to trek, temples to discover, and lots of food . Sara Ventiera is a journalist based in New York City and Los Angeles. And homeowners will spend an average of $808 in housing costs each month. The port town offers great boating, fishing, and nearly every type of water sport imaginable in both the sound and the Atlantic. In addition to the obvious waterfront activities, Gulf Shores is close to many restaurants and bars, shopping and the wharf in nearby Orange Beach. Ocean Pines is just over the bay from the iconic Ocean City, Maryland one of the great American boardwalk beach towns and a mid-Atlantic favorite vacation getaway. Learn about job opportunities that might be a good fit for older workers. Welcome to Coastal Dream Life, a website dedicated to helping you achieve your dreams of white sandy beaches and fresh ocean breezes in style. Leisure World, a gated retirement community located just 12 minutes from the sands of Seal Beach, offers some serious deals. Because of its location to Mississippi and Alabama, the vibe here swings more Deep South than it does Floridian. Food is delicious and prices are low. Offshore charter boat services are available to cruise up and down the Brazos River or off the coast of Bryan Beach. - Affordability rank: #130. It even has an airport and ferry terminal that connects the mainland to Marthas Vineyard and Nantucket. Swimming with these gentle giants is an experience not to be missed, says Haskins. I'm a Self-Made Millionaire: These Are the 6 Investments Gen X women are now between the ages of 43 and 58, which means retirement is on the not-too-distant horizon for some of them. First, you might think of beaches as far as the eye can see, but if you do your research, you might notice that there are no photos of these beaches you imagine. The Cost: In Chelem, a four-bedroom, two-bathroom home with a pool one block from the ocean rents for about $600 a month. Jacksonville boasts 22 miles of white-sand beaches along the Atlantic coast. Venices shoreline is located halfway between Sarasota and Port Charlotte, on the eastern edge of the Gulf of Mexico. Brace yourself for cold, fog and damp conditions the majority of the year. Why It's Great:With its slower pace and rich culture, Chelem provides the opportunity for a simple life by the beach and is a favorite of expats doing everything from selling real estate to running restaurants. Biloxi tops the list once again as America's most affordable beach town. 3 Ways To Recession-Proof Your Retirement. What makes Biloxi an amazing retirement destination? Since earning her MBA, personal finance has been her favorite topic, as shes passionate about writing stories that educate, inform and empower. Malaysia may have the cheapest place to live on the beach in the world and you won't believe your luck. Options are abundant, and depending on your chosen career path, you will likely find work in any of them. Each person prioritizes these differently, and several will weigh in way more heavily for some than others. And it turns out, they share some common features that are particularly attractive for folks who are no longer congregating by the water cooler. Theyre gorgeous stretches of coast, to be sure. America's Bestand Most AffordableBeach Towns for Retirement 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/. In fact, it can. Hilo, however, may just break the mold. Travel + Leisure magazine may receive compensation for some links to products and services on this website. It's also great for retirees, with lots of recreation areas and a high ratio of doctors' offices to people. 10 Best Budget-Friendly Places to Retire in the World The median home selling price is $232,450, as of February 2023, which is notably less than the national average. Retirees can get into affordable homes starting at just under $200,000, including this $196,919 two-bedroom in a 55-plus community or this three-bedroom with a whirlpool hot tuband no age. Five hundred miles of shoreline, quaint fishing villages, and moderate weather are good starting points for retirement in this South American country. Retirees look for affordable communities where they can fill their time with purposeful activities and social connections, keys to a long, healthy life, says Hale. The laid-back city boasts a restaurant- and shop-lined Main Street, which spills out to a nice pier and beach. Hoi An has mountainous surrounds on one side and some of the most beautiful, undisturbed pieces of beach within a stones throw. Jacksonville, FL. Bay St. Louis is attractive to residents and visitors because of its beautiful gulf beaches, temperate winter climate and plenty of entertainment during high season. Just like many of you dreaming about a coastal dream life, we can make this a reality through information and inspiration! With the fifth-best healthcare system globally and one of the safest countries with English as a national language, Malta is a desirable option for retirement. Unless otherwise noted, all data was sourced from Redfin and the U.S. Census Bureau.