10. Miami, Florida
The average home price is almost $2 million in Miami. It’s also a loved place by tourists, which makes it even more expensive. Miami isn’t a good idea at all for retirees who want to save, travel, or find new hobbies.
11. Wilmette, Illinois
Chicago retirees would be very happy to escape the city and live as retirees in the charming town of Wilmette. The problem is that Wilmette’s property taxes are the second-highest in the country. You’ll pay over $800,000 to buy a house but you will still pay a lot for the taxes.
We recommend you visit Wilmette, but don’t consider it a good city for retirement.
12. Lynnwood, Washington
Lynnwood has access to impressive Pacific Northwest landscapes, but it doesn’t make it a good place for retirement. The costs of living in Lynwood are very high and it has just a 16% population over 65 years old.
Just 12? This research needs to be done again.
Where does South Caroline rank in the worst states to retire?
Living near our adult children and grandchildren is likely the most important aspect of our mental state of mind during retirement. Looking forward to seeing them on the weekend for a BBQ, swim in our pool, or baking cookies is a key driver for our mental state of mind. Knowing they live nearby when there is an emergency, and we can help each other is rewarding and lowers stress.
We have done lots of traveling throughout the world since retiring, and the experiences were wonderful. Now that we are getting older, we limit our travels outside the United States unless we can travel with a family member.
We are fortunate to have lived in our home for over 38 years. Our kids and grandchildren love coming to our house. The downside is remodeling and repairs to our long-term house can get expensive. But the memories make it worthwhile.
Why do I get the feeling that this list is compiled by 20-30 yo who don’t want the old geezers infiltrating their favorite hangouts?
Too many oldies in Miami? Here’s what we can do….
What is so great about Arkansas other that homes are very reasonable.