If retirement is in your cards in the not-so-distant future, it probably means that you will have to live on a fixed income, which for a lot of us can be a bit daunting. Especially when compared to when we didn’t have this type of limitation. This is why you may be looking into changing your hometown, as there are a few cities that will allow you to live your retirement life to the fullest while still stretching that dollar to the max!
According to a study, the average American who is 65 and older spends, on average, about $1,982.25 each month. This amount included the cost of rent, groceries, and any healthcare costs they may have had.
And if you already know that your budget cannot exceed $2,000 a month, then it’s high time to make that strategic move. By that, we mean that you should consider moving to a city where you will be living within your budget, so you can possibly save some money too.
It’s a strategic move, and truly, there are lots of places all around the country where you could make this move. We just chose some of the best cities in our opinion and brought you an estimate as to how much living there would cost.
Be it that you want to change the climate, be closer to family, or are looking for a strong sense of community since you have more free time now, we think we’ve got a place for you no matter which city you choose! And don’t worry! We did the math for you, so you will know, on average, how much money it would cost you to live in that city!
Have you considered moving somewhere else after you retire?