The lowest average on our list is Shreveport, Louisiana, at $374.77. Photograph: Shutterstock. The average of the cities on our list is $1,066 per month. Fort Pierce, located on the Indian River Lagoon, is known for its excellent fishing and beautiful beaches. If you want to retire to coastal Georgia, Tybee Island is an ideal spot. The town also leads this list with 1.79 recreation centers and 8.59 retirement communities per 1,000 residents. 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. It might be time to review that far-away dream of life on the coast and waking up to the sound of waves and gulls and having a look at the affordability of East Coast beach houses. Atlantic Beach, Florida. Transplants relish the island's quiet beaches, which are bounded by rolling dunes and sapphire waves. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Where is the best place on the East Coast to retire? Due to its attraction as a tourism center, much of the economy relies on tourism. This gorgeous little Gulf Coast town with Mediterranean-inspired architecture is a total dream, so much so that it ranks highly in multiple surveys on happiness and well-being. The median home value in Tarpon Springs is $209,400 and the median monthly housing cost adds up to $943 slightly pricier than Hobe Sound but youll pay around $1,847 in property taxes each year. The beaches are long strands of white sand, offering perfect coastal views. Looking to buy a home in Virginia? It also has 6.66 medical centers per 1,000 residents. Just 15 minutes south of the bustling tourist shops, boardwalks, and mini-golf courses of Myrtle Beach, Murrells Inlet offers retirees a quiet respite from that popular vacation town. Settling down in this small coastal town wont blow your budget either. The East Coast is diverse, so you'll have plenty of choices among seaside locales, bustling urban centers, places that provide Southern charm and towns known for their fall colors. 20. Residents (nearly 60 percent of whom are seniors) can stroll through the Old Florida downtown, hunt for shells on the pearly white beaches, or take their furry friends to the city's local dog-friendly beach. Youll spend around $1,800 in property taxes each year and $958 a month on housing costs, while the median home value sits at $181,200. In Bay St. Louis, homes are valued at around $172,600 and youll pay around $1,140 in annual property taxes and $782 in monthly housing costs. It takes 15 minutes to get to everything Myrtle Beach has to offer without having to worry about traffic and stuff.. Bel Air contains one of Marylands Arts and Entertainment districts, where concerts are frequently held. With homes valued at around $168,300, the median housing cost is $1,209 a month and the median annual property tax is $2,265. Middle River is under a half hours drive away from the big, bustling city of Baltimore, but the quiet town will give you all the R&R you deserve in your retirement. You, too, can be the Prince of Bel Air the one closer to the Atlantic than the Pacific, that is. As a retirement town, Lewes has lots of draws, including no sales tax and the third lowest real estate tax area in the country. Great golf courses, medical facilities, beaches, state parks, and places to fish, kayak, and hike lure retirees from across the country. If you love beach towns, then Jacksonville might be one of the better options for you. Here are the top 10 budget-friendly spots that offer access to the ocean: 1. and We've ordered each town from most to least populous to help you find your perfect slice of paradise. Youll also gain access to another untouched island by boat Caladesi Island, where you can kayak between the shady mangroves and stroll along the shore. New Hyde Park is another Long Island town, meaning residents will have access to New York City. Average income for population 65+: $70,291. Median Home Price: $333,741. Read on for the 25 Best Places to Live on the East Coast. Hendersonvilles 1.34 recreation centers per 1,000 residents earns it second place on this list, so there will be plenty to do. Beaches. Average Retirement Savings: How Do You Compare? And the relative affordability of homes in these towns means more of a fixed income is left over for fun, which probably makes the case for sticking around.. Located in western Massachusetts, Springfield is roughly 60 miles from the coast via Connecticut. Daytona Beach is a tourists dream gorgeous beaches, fun rides and arcades and live music and theater productions. They include this three-bedroom on the water for $275,000 and this two-bedroom cottage for $219,000. Bay St. Louis lures visitors and new residents with its inviting downtown and easy access to community gathering spots, like local art galleries and restaurants. Are you confident in your retirement savings? With that in mind, here are the top 10 best places to retire on the East Coast. 10. Whether seeking history, solitude, or a vibrant nightlife, the East Coast has got it all in the unique little towns speckling its pristine shorelines. Consumer and homebuilder sentiment in the Boise region appears to be less than optimistic, but the labor market is strong and home prices are starting to trend downward. By the numbers: Population . Shimmering shorelines, renowned golf courses, impeccable dining that's what awaits you on Kiawah Island. A financial advisor can help you create a financial plan for your retirement goals. The median income for a family in Atlantic City is $29,232, with a median house listing price of $179.9k. Atlantic City, New Jersey. Located just north of Naples, its sandy beaches and tropical climate provide a natural allure. Eugene, Oregon. Jacksonville, Florida. With delicious food and growing wine culture, a remnant of French occupancy, world-class beaches, and some of the friendliest and most peace-loving locals you will meet. Some towns may appear a better option on paper, but things like safety, commute, and job scarcity may influence you to choose a city with a higher cost of living or more expensive properties. 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. Have a question? These are the top 25 cities for . According to United Van Lines National Movers Study, in 2018, 39% of the retirees they moved had their GPS systems locked on to Florida. Hendersonville also topped our list of the best places to retire in North Carolina. Pelican Bay is a beautiful town on Florida's Gulf Coast. The artsy, quintessentially Southern Mississippi Gulf Coast leads the nation in affordable coastal cities, with four places landing in . larry mcmillian / Shutterstock. Stacker looks at the 50 best places to retire on the East Coast, analyzing data including population, age, income, household values, and rent. Several wonderful beaches spring to mind, with Seaside and Cannon Beach foremost for me. The scenic views blow everyone away, and it's filled with waterfront parks, historical monuments, and entertainment for all ages. New Castle is third in terms of retirement communities with 3.72 per 1,000 residents. The New Castle Historic District has a number of historic buildings, including an arsenal built in 1809 in preparation for the War of 1812. It also ranks first on our list of the best places to retire in Georgia. The national average commute is 26.9 minutes. Ithaca, New York. How much do we know? Best alternative to Kiawah Island. Theres a medical clinic within the city, but you can also make a quick drive to the Gulf Coast Regional Medical Center for more services. Jim has run his own advisory firm and taught courses on financial planning at DePaul University and William Rainey Harper Community College. Or go swimming at Sunset Beach and Fred Howard Park. It's also great for retirees, with lots of recreation areas and a high ratio of doctors' offices to people. If you know you want to settle somewhere near the Atlantic but arent quite sure where, this guide will walk you through the best places to retire on the East Coast. 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. It does have the third highest tax burden at 18.4%, though. Curb appeal is important, but it's also about safety. However, it does have the fewest medical centers per 1,000 residents at just 3.54. In any case, let us discuss some of the best beach towns for retirement in Florida. Newark also has the third-lowest number of recreation centers per 1,000 residents with 0.12. Here, we've collected 15 of the cheapest beach towns to live in throughout the U.S., based on median home values under $300K. Dont worry this article compares them in detail. Though Morehead City is on the mainland, protected from storms by a barrier island, the city proper isnt known for its beaches. Live everyday like youre at a summer resort at Ormond Beach in Florida and enjoy clear blue waters and peachy orange sands. Just south of Sarasota, quiet and charming Venice is the ideal retirement spot for those looking for a slower pace of life. You wont need to splurge on your new digs, however. Seabrook Island, South Carolina. A famous tourist destination that attracts millions to its beaches and golf courses, Myrtle Beach is one of the fastest-growing cities in the US. You can take a motorized kayak down the Indian River, go horseback riding on the beach or check out the historic waterfront downtown area for shopping, dining and more entertainment options. This places Exeter second to last on the list in that metric but is still a fairly good number in the grand scheme of things. Nestled between Pensacola and Panama City, Fort Walton Beach includes some of the best deep sea fishing charters in the nation. #29. Here's a look at the highest-rated coastal towns to retire. Centrally located on the Chesapeake Bay side of the Eastern Shore, Onancock is an inviting small town that was founded in 1680. Finally, knowing that the ability to form a community with likeminded people is important to many retirees, we looked at both the number of retirement communities per 1,000 residents and the percentage of a towns total population made up of seniors. Seaford is tied for the lowest tax burden of any city on this list. If youve ever wished you could just pack up and head to the beach instead of staring out at the same dreary cityscape, perhaps that dream could become a reality. The ranking was based on the population of residents aged 55 and over per capita (the higher the better, we say), affordability based on median list price, access to hospitals and other health care facilities, the number of amenities like golf courses (for low-impact exercise) and country clubs (for the social scene), as well as marinas and water-recreation businesses like boating and fishing, for that all-around beach town experience. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Seaford is home to a number of parks where you can experience the great outdoors. Dolphins, birds, and beaches are just some reasons retirees flock to Rehoboth Beach, Delaware. The median home value is $382,900 in Chapel Hill and $229,900 in Durham. Only about 1 square mile, the popular beach area has a small-town feel and was named as a best place to retire by the AARP. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. About 27% of the citys 10,000 residents are aged 65 and up. Dominated by the Biloxi bay Bridge, Ocean Springs stunning Front Beach stretches to Ocean Springs Harbor and provides extended areas of white sands, fishing piers, and gorgeous views of the gulf. The citys Memorial Hospital, which offers senior services, is within easy reach. At extreme high tides or after winter storms, the water pushes up to to 50 feet in the air. Despite its small size, this quaint town boasts many small businesses and eateries and offers plenty of water sports from the Intracoastal Waterway and the Atlantic Ocean. Because Cumming is close to Atlanta, you can take advantage of all of the arts and entertainment options the city offers, including professional sports games and museums. 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. As a leading port, the headquarters of four Fortune 500 companies, and a banking industry legacy, Jacksonvilles median household income is $54,701. Retirement is the time in your life when you can finally forget the stress of work and just relax. There are 5.42 medical centers per 1,000 residents. The Most Affordable Places to Live on the East Coast. Is Maui water safe to drink? The median monthly housing expenses come to $853. Please be aware that some (or all) products and services linked in this article are from our sponsors. Fernandina Beach- Distance to the coast 0 miles. If you are looking for a place with below-average home prices to live in as a retiree, then Daytona Beach in the Sunshine State is a great solution for you. The Sunrise City houses one of the oldest communities in Floridas east coast and its best known for its world-class fishing. The average is $399.14, while Las Vegas and Reno, Nevada, lead the way at $421.31. To hit the soft sand of beautiful Atlantic Beach, locals have to drive about seven minutes across the bridge. You can also watch the annual Daytona 500 NASCAR race at the Daytona International Speedway. Depending on your line of work whether you can work remotely or switch jobs will also factor into your options when looking at the best, most affordable East Coast town for you. Not only are there East Coast cities where living is affordable, but the new move toward working from home also makes changing cities while keeping your job more accessible than ever before. Pensacola is Floridas most affordable beach city and its a beautiful place to retire, with idyllic white sand beaches, rivers, bayous and bays. The University of Delaware is in town, though, so there are college sports and on-campus theater and music to keep you busy. Ask our Retirement expert. There are plenty of spas, salons, restaurants and live entertainment to enjoy, and you can grab fresh produce and seafood at the Fresh Market on Tuesdays. What's harder is choosing the ideal tenants to occupy them. This Mississippi Gulf coast town is a haven for retirees because it has a relatively low cost of living paired with a laid-back atmosphere. The citys tax rate comes in at just 11%, so you wont have to worry about sending too much of your cash to Uncle Sam. 1 / 100. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. But while many beach communities are cost-prohibitive, a surprising number are within reach for those who aren't millionaires. Located about an hour north of Atlanta near the shores of Lake Lanier, Cumming is not just the best place to retire on the East Coast it's also the second-best place to retire in the country. It's one of the most affordable cities on the East Coast with a high livability rating. The towns top spot is the sandy Rocky Point Beach and Park, which spans 375 acres on the Back and Middle Rivers and boasts a beautiful view of the Chesapeake Bay. Im going to run through several options of affordable East Coast towns. 11 Best East Coast Beach Towns. In Ocean Springs, the median home value is $174,000, the median annual property tax is $1,445 and the median monthly housing cost is $1,021. The welcoming atmosphere and colorful boutique-lined downtown are draws for seniors, who make up more than a quarter of the town's population. Beach vacations can be expensive, but luckily, a retiree in Ormond Beach doesnt have to drain their savings for a more permanent stay. Springfield residents benefit from plenty of high-quality health care options within driving . Ocean Springs, Mississippi. It has got a population of over 13,000 people, a third of whom are above the age of 65. Real Estate. There are no guarantees that working with an adviser will yield positive returns. On the shores of Lake Cayuga, the area has waterfalls and gorges galore. Fairfax, located in Northern Virginia, is an independent city within the larger Fairfax County. Housing costs for retirees in Knoxville are the biggest factor bringing down costs, at nearly 30% below the national average. Choosing new windows is a delicate balance between features, efficiency and cost. The mild weather, coastal scenery, good airport, and myriad amenities have made Murrells Inlet a desirable retirement destination for Northeasterners seeking a break from high tax rates and harsh winters. She writes about food, travel, and real estate for Zagat, FoodNetwork.com, BBC Travel, and more. Myrtle Beach, SC. Though a four-bedroom on the beach will set you back $1,650,000, a two-bedroom right next to downtown can be purchased for just $249,900. National parks, preserves and wildlife refuges are all plentiful . With nearly 6,000 miles of coastline, ranging from the rough waters of the Pacific Ocean to the tranquil turquoise seas of the Caribbean, Mexico has more than enough beaches to keep everyone happy. In the downtown area, youll discover some lovely early-1900 buildings and exhibits at the Historical Museum. Sara Ventiera is a journalist based in New York City and Los Angeles. Maine is one of the East Coast's best beach towns. Are your retirement savings on track? Boasting 10+ miles of pristine beaches with temperate weather year . - National rank: 56th best place to retire. The 14 states that make up the East Coast of the U.S. offer up a wide range of climates . Situated on the eastern shore of Biloxi Bay, Ocean Springs has a reputation as a historic town with a vibrant and eclectic arts community. The content provided on Moneywise is information to help users become financially literate. Thats not all. I have been drawn to the ocean and the coastal lifestyle my whole life. Myrtle Beach, SC, is one of the nation's most affordable beach towns. The final city on our list of the best places to retire on the East Coast is another Delaware locale, New Castle. Few towns are as charming as Fairhope, and its relaxed, welcoming atmosphere makes retirees feel right at home. The shallow and sedimentary conditions of the beach expose thousands of ancient shark teeth every day. Placencia: An Irresistible Beach Community. Many of the retired residents of Hyannis move into their former summer homes, but there are still plenty of boomers relocating to the area. No wonder its a favored destination for older Americans eyeing the golden expanse of work-free years ahead of them. Melbourne is situated just southeast of Orlandos massive, family-friendly theme parks, but it could be better suited to an older homeowner. Population 8,252. Youll cough up around $1,925 in property taxes each year and $739 in monthly housing costs. Deerfield Beach sits on the southeastern Florida coast and boasts an award . Buyers can get into the market at a wide price range, from a three-bedroom manufactured home for $159,900 to this three-bedroom with water views and a private pool for $350,000. The 10 Best Beach Towns on the East Coast. How Can You Tell If A Sea Urchin Is Edible. Doing laundry is already a chore, and it's worse if your laundry room is a mess. . Live everyday like youre on vacation in Dunedin. Metro Population: 6,129,858. This story was published at an earlier date and has been updated with new information. Talk to a financial adviser for even more help with stretching those retirement dollars. Finding a qualified financial advisor doesnt have to be hard. Due to its small size, Swansboro will best suit those working remotely or in the tourism industry. And the town you choose to make your home has to suit you and your family. It's one of the best places in the country to retire because it has plenty of medical care, social opportunities, retirement centers, and recreation activities nearby. Plus, there's almost seven rooms per house on average, so you'll have lots of space. Join here. You may be able to repair drywall yourself. Information and timely news from our team of trusted money specialists. America's gold stockpile has fueled curiosity and conspiracy theories. Bel Air is also clearly popular among older people. There are many groceries and other amenities available and coffee shops, restaurants, and cultural activities. Beaufort, North Carolina. With pent-up demand, labor shortages and surging prices, summer travel wont be a bargain this year. It also has the fourth-fewest medical centers per 1,000 residents, though 7.27 medical centers per 1,000 residents is still not a bad number overall.
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