Cheapest Places to Retire
Where are the cheapest places to retire and the cheapest retirement communities? That's the purpose of CheapPlacesToRetire.com: finding cheap places to live. We search for communities with homes you can buy cheap - most for less than $100,000. We do have standards: low crime rate, and low cost of living, along with adequate attractions, recreation, shopping and nearby medical services. If you can spend a little more, say up to $250,000, and you also want to avoid winter, you'll find the best places to retire at our sister site GreatRetirementPlaces.com.
Where to retire cheap depends on your desired standard of living and your willingness to relocate. Retiring cheap usually means forsaking the single-family home in favor of villas, townhouses, and condos, although there are some great single-family homes under $125,000 if your requirements are modest. The current economic situation and housing price collapse represent a great opportunity to find a cheap place to live and retire.
Even though most of us prefer to own, sometimes renting makes sense. Renting allows you flexibility and avoids the considerable expenses of real estate taxes and insurance, not to mention the considerable expense of purchasing a home. We suggest you should rent in the community you wish to buy in for long enough to know if you'll be happy there. If you have or develop serious health concerns, it is easier to transition to assisted living or nursing from renting than from having a home you must sell.
The first region we explored for cheap retirement places was the Central Florida Gulf Coast. Home prices in this region are among the lowest in the state, yet the area is rich in attractions, arts, sports and lifestyle diversity. Summaries of the communities we visited are in our blog posts: Boomers Blog | Cheap Places Blog
Most single-family homes in coastal Florida are not cheap, but many multi-family dwellings are. There are plenty of villas, townhomes and condos for as little as $39,000. Many communities have two-bedroom villas and townhomes for under $150,000. We looked at two very nice 2BR 2BA villas in a golf community that included golf membership and greens fees. One was priced at just $112k! Condos offered many more available listings, but many condo communities are higher-density high-rises.
If you are willing to overlook the outdated stigma associated with manufactured homes, they clearly represent the best value in cheap retirement living. Some of the new and most of the resale manufactured homes are priced well under $100,000.
The content of the articles below represents the views of the authors and not necessarily CheapPlacesToRetire.com. Enjoy!
Cheap Places to Retire in the US - How About Anywhere the RV Goes?
By Gary Pierce
A list of the cheap places to retire in the US, could be anywhere in the 50 states. If you are open to living in an RV.
This is not trailer park living, this is a fun and frugal lifestyle enjoyed by many who would not consider a home without a steering wheel in the living room.
These are folks who are aware of how inefficient living in a house can be compared to living in an RV. They realize how little space in a house is utilized on a daily basis. Stop and think when is the last time you have been in the guest room or formal living room. The living space in an RV is functional and not wasteful.
The list of cheap places to retire is long for RV owners. Many travel to various spots year after year. Summer in the Midwest, winter in Florida, the fall in Vermont and spring in Kentucky... all easily doable with an RV.
The longer you stay in one park the cheaper the rent. Monthly or seasonal rates are much lower than nightly rates. So the less you move around the cheaper RV life becomes. That is what often happens after a few years on the road... you gravitate to certain areas, returning year after year.
This lifestyle may also involve the purchase of a park model mobile home. These are RV type homes that are no longer mobile. Very popular in Florida and Arizona, the preferred states to spend the winter.
There are 7 states that have no state income tax. This can be a consideration if you legally establish your residence in one of these states.
So the cheap places to retire list gets long when you are living in an RV. Decisions, decisions... enjoy.
Cheap places to retire. Gary Pierce is the webmaster of http://www.frugal-retirement-living.com he retired early at 49, he is still retired at 64. He has experience in lifestyles that are both fulfilling and frugal. It is 2009 and many are wondering if they can ever retire. Don't give up until you check out this website. Enjoy.
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Cheap Places to Retire Overseas
By Stephen Di
In the quest to find a cheap place to retire overseas one might come across various reports stating that so and so country is one of the best places to retire. It might be the best place to retire for that particular writer, but will it be good for you? The vast majority of us would like to live a simple, healthy, happy, and comfortable life especially after retirement. Let's look at some basic criteria to consider when looking for cheap places to retire overseas. We are not recommending regions, but based on the tips stated in here, you will be able to come up with intelligent decisions.
Many people retire due to the age factor, while some of them even take an early retirement voluntarily... wouldn't that be nice!! With the progress of time, one's age becomes a major consideration and determining factor for where you can move and retire to. The climate of the retirement destination city plays an important role while deciding the cheap places to retire overseas. It will be disheartening to go to some unknown country and spend the rest of the days on medicines. It's good to choose a region that has a good climate with sunny days and moderate rainfall all throughout the year.
One of the primary reasons why people look for cheap places to retire overseas is to reduce their current cost of living. $500 might be insufficient to exist in the United States, but it is more than ample to live lavishly in Panama. Please note that the previous comparison was just an example. There are many places available in this segment where you will be able to live comfortably without breaking the bank. Entering and exiting the country must be fast. In other words, the rules of entry must be lenient and retiree friendly. Retirement is a peaceful part of one's life. One does not like to spend his retirement days walking through the embassy halls every day and fighting with government officials trying to get their papers and visas in order.
The next in the list are the facilities that have been made available in the medical industry in the country where you are planning to spend the rest of your days. There is no use staying in a country where you will be charged $5000 for doing a complete checkup. Always keep this in mind while choosing the cheap places to retire overseas. At first, it might seem impossible to find a place with low cost but efficient medical facilities, but once you dig a little deeper, plenty of options will materialize in front of you.
The place chosen must be safe and must have a relatively low crime rate. Do not opt for a place, where there is a high chance of you being mugged every time you step into the dark shadows of the alley. Who wants that? It is true that criminals can be found in every part of the globe so be realistic in what you look for. However, it is also true that criminals are lower in number in some parts than others. While looking for a suitable retirement abode it is always encouraged to look out for a place where there are expatriates from your native country. Chances are high that you might meet some of them, spend some quality time with them, develop long lasting friendships and learn firsthand what life is like as an expat living abroad. Your retirement is an adventure waiting to happen, first studying up on some of these basic factors will prevent it from becoming a "mis" adventure!
Visit us at Invest-Retire-Abroad.com for more Canadian retirement advice. We have many resources, information, articles, and contacts to help put you in touch with the right people and get the right information for your international retirement. For further reading check out this article: Best Places To Retire
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