Every year, millions upon millions of American baby boomers are reaching the retiring age and are looking for places on where to retire cheap in the US and overseas. (This post will cover the US, the next post will cover overseas) If you’re one of those interested in looking for places where to retire cheap in the U.S. and overseas, this article is for you. Here, you will find key information about U.S. States and foreign countries that you can venture into to help you look for a place to retire cheap. Best of all, you get to see the pros and cons of moving into the state or the country so you could make a better decision on when to retire. After all, you only get to retire once.
Where to Retire Cheap in the United States
The United States offers lots of places on where to retire cheap in the US. One will find that they will discover where to retire cheap easily through the use of references. Moreover, people who are living within the state will find that they too are getting the benefits of where to retire with a low cost of living without the need to lift a finger. Here are some states that offer affordable retirement places that can be used to their advantage. In some cases, some of these states offer a low cost of living with low or no state income taxes which is ideal for retirees to enjoy.
Texas
With its southern charm and stunning views, this state tops the list if you need a place where to retire cheap in the United States. It offers a wonderful vacation environment for retirees without the hefty price, compared to other U.S. states.
- Pros: Wonderful Environment
- Cons: Hot Weather
Colorado
With its resort towns like Aspen, Colorado is another good option if you need a place where to retire cheap in the U.S. It offers a wonderful cozy environment for retirees and offers a lot of amenities for them to enjoy. Moreover, you don’t have to be a millionaire to stay in a place that is as wonderful as Colorado.
- Pros: Cozy Environment; Lots of Things for Retirees to Do
- Cons: Extremely Cold Weather in Some Areas; Limited Access to Urban Areas
Florida
Florida was once famous because of its wonderful family destinations, but it is also a good place to go to if you’re looking for a place where to retire cheap. Its picturesque sunny weather can be a perfect setting for people who are looking into retiring in a vacation paradise.
- Pros: No Income Tax; Cheap Housing
- Cons: Extreme Weathers and Natural Calamities
Arizona
With wonderful places like Sedona, Arizona is one of the places where to retire cheap while having a great, long vacation. You don’t have to be away from the U.S. to feel the wonderful weather that a state like Arizona can offer
- Pros: Fantastic Weather; Wonderful Sights
- Cons: Limited Access to Urban Areas
Georgia
Being the wonderful state of roses and beaches, Georgia is one of the best places you can go to if you want a place best places retire cheap because of its charm and accessibility. It is connected to four states along its borders and has a wonderful culture that has a little bit of an American southern charm. One would only need to see the things that this state can offer, and they will know that it is one of the best places people can turn to if they need an area where to retire cheap in America.
- Pros: Wonderful Cities; Diverse Culture
- Cons: Extreme Weather Conditions
That covers 5 of 10 cheap places to retire in the United States. Next time we will go over 5 of the best places retire overseas with a low cost of living, low taxes, good weather, high quality healthcare and more.