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7 LEAST Expensive Retirement Towns in America

November 24, 2022 · Retirement Life
Retirement Town
Photo by KevinKim at Shutterstock

Torrance, California

Average home list price: $796,800
Percentage of residents aged 60 and up: 16.8%

If you like the idea of living near the bright lights of Tinsel Town but would like to reside in a smaller community, Torrance is the perfect place for you.

This charming retirement town will give you tons of California’s famous sunny weather, not to mention easy access to those stunning nearby beaches. And the great part of this community is that you’ll have your pick of numerous healthcare centers to choose from.

The average household income is roughly $94,781, according to census data. We admit this location is a bit pricier than other areas on our list, with a typical home value of close to $800,000.

So if you decide to buy a house here, you’ll need some significant savings, and you’ll want to hunt for a mortgage at the lowest possible rate to keep your monthly payments down. But if finances aren’t an issue, you’ll love this picturesque beach town.

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