most affordable beach towns to retire in the world

The Jacksonville Beach Pier provides opportunities for deep-water fishing and strolling nearly a quarter mile past the shore. Retirees will most likely rent since foreigners are restricted from owning land, with the exception of certain condo developments in large cities. But a remote beach area isn't always the right fit for retirees, who also need access to amenities and services, such as quality health care and transportation options. Myrtle Beach scores high marks for desirability, according to a U.S. News survey about where people age 45 and older most want to live in retirement. The company 401(k) is just one option available for building wealth. Soak up the sun when you retire to one of these affordable destinations. Shocker, right? It has active volcanoes, tsunami threats and the highest rainfall in the nation. Retirees with a mortgage pay a median of $1,563 per month for housing. Retirees look for affordable communities where they can fill their time with purposeful activities and social connections, keys to a long, healthy life, says Hale. Freeport's coastal waterways are teeming with fish, so you can imagine that fishing is one of the biggest draws to this part of the country. Hilo, however, may just break the mold. Sarasota is a great choice for retirees who want warm weather, beautiful beaches and a wide range of cultural and recreational activities. Atlantic City, New Jersey. Good quality healthcare is available at reasonable prices, and public transportation in many cities makes a car unnecessary. The weather can also be unbearably humid in the summer, and there are limited cultural resources. Well look at the top beach towns that offer an ideal home for retirement and what makes these choices such good ones. How Many Beaches Are There In Massachusetts? It is barely above sea level, so most expats that live here tend to be very resilient and/or build very sturdy well-engineered homes on tall pillars, says Haskins. This lifelong build-up can leave one feeling like theres a lot of pressure to do retirement right: to pick the right place to retire, the right hobbies, surrounded by the right people. One of the richest histories in western civilization and one of the most affordable European residency programs means this is an excellent option for this part of the world. It's a suburban environment with a lot of bars, restaurants and parks. Cuenca is located just outside the El Cajas National Park, where the snowy peaks of rugged mountains rise up above mirrored lakes. A two-bedroom condo right near the hospital and within walking distance to Ocean Beach can be had for just $99,000 and $209,900 can fetch a three-bedroom Cape Codder with a master bed and bath on the first floor, blocks from the water. (Getty Images) Median home list price: $237,050 Millions of tourists flock to Myrtle Beach each year, lured by its surf. Learn how to maximize your Social Security income using an optimal claiming strategy. Cuenca, Ecuador. Residents of Melbourne enjoy a beach retirement along the Atlantic Ocean at reasonable prices. But there are quieter, less-touristed spots that provide the same eye-popping views, but with fewer crowds and less expense, says Suzan Haskins, a senior editor at International Living. Vietnam offers one of the lowest costs of living in the world. Copyright 2022 Travel + Leisure Co. All Rights Reserved. And locals are willing to fork over that kind of money for a reason. Thankfully, there are plenty of beach towns that offer the best of both worlds affordable living and a large population of seniors. We found 10 of the most beautiful ones. Pedas, Panama The Qualified Retired Person Residency Program, an easy way to establish residency, requires income of at least $24,000 annually along with a background and medical check. And Pensacola in particular is affordable with a significantly lower than average cost of living, home prices that hover around $140,000, and reasonable property taxes. The content Best Beach Cities In The World To Live And Work. You're likely to find plenty of other retirees for company, since over a third of the population is age 60 or older. However, quite a few countries around the world offer pristine beaches, low cost of living, and attractive lifestyles, making them affordable destinations for those whose hearts are set on beachfront living. It's a smaller, quiet community with a much more affordable cost of living than some big retirement destinations like Sarasota or Melbourne, says Snider. Youll also enjoy South Carolinas low taxes. Homeowners can look at the bay from their two-bedroom bungalow for just $169,000 or smell the salt air in a grand four-bedroom Dutch Colonial in the heart of town for a cool $649,000. There are currently more than 74 million boomersof which 10,000 per day are hitting age 65, according to the Pew Research Center. You can visit the beach where Juan Ponce de Len first landed in North America in 1513 near Melbourne Beach or observe and help protect sea turtles at the Archie Carr National Wildlife Refuge, which stretches 20.5 miles between Melbourne Beach and Wabasso Beach. 3 Ways To Recession-Proof Your Retirement. Add to this the sentimental nostalgia that many people have of summer family vacations to the beach, and its easy to see why there are sunny recollections of happy times, making such destinations ever more attractive. A new survey finds major disruptors that will change the retirement industry in the next decade. It is safe, with a strong sense of community and an excellent medical system. If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Where to stay: Beau Rivage Hotel & Casino. The cost of living is low, the people are friendly, and the food is delicious making this country a great retirement destination. Lake Okeechobee is 40 miles southwest. That said, a low cost of living comes with a higher risk in general. While real estate over in Ocean City may be much more expensive, Ocean Pines is much more affordable. The Cost:Life on Holbox is cheap: Think $10 lobster dinners. Many of them seek out single-story homes with attached garages right around the golf course, marina, and beaches. The 7 most affordable beach towns that you can retire to are: Hobe Sound, Florida. Residents pay the state average for goods and services, groceries and healthcare but far less than the state average on housing and transportation. However, what really makes this port town ideal for the 55-plus crowd is the easy access to quality health care. Plus, Melbourne is across the bay from the barrier island that has the more famous Cocoa Beach. Some of the best beach cities, Read More Best Beach Cities In The World To Live And WorkContinue, There is nothing like escaping the frigid inland weather and going to the coast to wake up early to stand with your feet in the sand, peering into the sunrise, smelling the fresh ocean breeze, waiting for the first warm rays to hit your face. Some towns do have their drawbacks, like hurricane risks or higher crime rates, but if you know where to look, you can uncover some truly spectacular hidden beach gems. All the States That Don't Tax Social Security, Social Security: Whether You're 62, 65, 67 or 70, Here's Why Your Age Matters, Expert Says 'Silent Crisis' with Retirement Savings Looms Worldwide -- How To Act Now. It costs a median of $1,296 per month to own a home with a mortgage in Myrtle Beach and just $976 monthly to rent. The ranking was based on the population of residents aged 55 and over per capita (the higher the better, we say), affordability based on median list price, access to hospitals and other health care facilities, the number of amenities like golf courses (for low-impact exercise) and country clubs (for the social scene), as well as marinas and water-recreation businesses like boating and fishing, for that all-around beach town experience. A thriving culinary scene also offers an abundance of fresh seafood at very affordable prices. Biloxi tops the list once again as America's most affordable beach town. READ MORE: 27 Easy Ways To Make Money Online. Before you raid your 401(k) or IRA, learn the realities and benefits of taking a retirement plan hardship loan. With the fifth-best healthcare system globally and one of the safest countries with English as a national language, Malta is a desirable option for retirement. With exceptional natural beauty and a large variety of biodiversity, the country is rapidly developing while still offering a lower cost of living. Retirees have their pick of beachfront locations in Thailand, including a number of tropical islands. This college town is also home to the University of Southern Maine. Shop Pay is an innovative payment solution developed by Shopify. Hawaii is certainly known for its beach towns, but it is not known for any of them being affordable. Choose a minimalistic lifestyle, and a couple could retire here on as little as US$600 a month. Picture a stunning village green, historic homes and plenty of artsy culture. These towns may not have the international reputation as other beach towns in the country, but thats why they are so coveted they fly below the radar and keep the cost of living low. Youll find small, boutique-style hotels and mom-and-pop restaurants, most serving fabulously fresh seafood and lobster (try the lobster pizza! Surprise, this popular vacation town does have affordable homes and right on the beach, too! The natural harbor that it sits on is one of the best ports along the entire eastern seaboard. Here are the top 10 budget-friendly spots that offer access to the ocean: 1. Follow these steps to find purpose, fulfillment and retire happy. Can it be possible? A Certified Retirement Community by RetireNC, Carteret County, North Carolina, is a great place for active retirees. However, you're never a far drive from the epic beaches nearby, like Folly Beach, Kiawah Island Beach, Seabrook Island Beach and Isle of Palms Beach. In fact, International Living rated the Slovenian city of Ljubljana as one of the top 10 cities to retire to in the world. Its an app that people can use just like a regular wallet to store their card details and information. For a cheaper retirement option, head to Daytona Beach on Florida's Atlantic coast. What makes Biloxi an amazing retirement destination? While that might rule out a comfortable life in expensive beach towns like Naples, Florida, and Hilton Head, South Carolina, that doesn't mean life by the ocean is out of reach for the average retiree. Brunswick is one of the best places to live in the state. Because it is far from Cancn's international airport, though, you wont find big resorts or the thumping nightclubs and upscale restaurants. Myrtle Beach has a wide variety of golf courses, including designs by Robert Trent Jones and Jack Nicklaus. The city is about a 20-minute drive from the Pacific Ocean. Retirees can take the grandkids on whale watching tours or picnic at one of the many parks or the beach. Instead, the 55-plus crowd has been seeking out budget-conscious, beach alternatives with plenty of outdoor activities and (often) a temperate climate in which to settle down for good. Costa Rica Costa Rica tops this year's list for its low cost of living (around $2,000 a month for a. Maine's most populous city has four distinct seasons with warm summers and cold, snowy winters. For an additional $20,0000, this three-bedroom ranch is available in the Oakwoods. It is equidistant from the historic city of Savannah as it is to the spectacular beaches and seclusion of Tybee Island. Sugar Sands - Riviera Beach, FL Low $200s - High $600s Sugar Sands is a 55+ condominium community located right off the Intracoastal Waterway. so you can start planning your new life on the beach. on this page is accurate as of the posting date; however, some of our partner offers may have expired. Instead of Hilton Head, Try: Myrtle Beach, S.C. Fresh air, seafood, warm water, fishing, or other water sports, as well as beach walks, are available on your doorstep; you need to find the right place to settle. An old village on the Mallorca coast.. Think about the advantages and disadvantages for retirees before moving. "We have a pretty typical life for a family with young kids, says Kent. By clicking the 'Subscribe Now' button, you agree to our Terms of Use and Privacy Policy. Located at the literal end of the road, Mahahual is one of only two towns to access this spectacular environment. Ah, Florida: warm weather, beaches, and no state income tax. The shoreline of Biloxi is flanked with massive oceanfront casinos, which are the major draw to this coastal community. (Getty . What Happens to Your 401(k) Plan If Your Company Goes Bankrupt? This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). Lifes a beach, right? Weve all had that fantasy of dropping everything and moving to a beach town. That, plus outdoor recreation and a low cost of living is what makes it attractive. The median home selling price is $232,450, as of February 2023, which is notably less than the national average. A beach destination in California that is affordable? People enjoy it.. The country has miles of stunning coastline, with plenty of top-class beaches and small islands to explore. With coffee shops, great restaurants, cafes, a marina and a thriving Arts District, Bremerton is much more than just a beach town across the sound from Seattle. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. It has a highly rated public golf course, beautiful beaches, and a museum of history and art. Yes, many people like to retire near the ocean, but why? Many people dream about retirement in a beach town. Still, Florida isnt the only state hosting great beach cities for retirees. Gulfport is Mississippi's second largest city and enjoys the benefit of being perched right along the Gulf Coast. Home of the Daytona 500 and so much more, Daytona Beach, Florida, offers 23 miles of white-sand beaches. If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. Where to stay: Hilton Daytona Beach Oceanfront Resort. 3. Whether youre looking to move to the beach or simply visit on a budget, here are 25 of the most affordable beach towns in the U.S., from most to least expensive. No matter where in the world you live, there is no doubt a great beach retirement destination not too far from where you that wont leave you feeling too far away from your family and friends, and will no doubt open doors for new friendships and the opportunity to meet like-minded people. Most Affordable Beach Towns - 2022 Edition - SmartAsset Loading Top 50 Most Affordable Beach Towns Note: All figures shown are averages in each city. Movie nights and musical events are frequently hosted at the Seawalk Pavilion in Jacksonville Beach during the spring and summer months. But this is not a sleepy seaside community. The city hails itself as The Shark Tooth Capital of the World due to the thick fossil beds that lie right under its gently lapping shores. Wilmington Island's position between Savannah and the beach-facing islands is what makes it such a great place to live. Therefore, its not surprising that the city was named the top destination for snowbirds in 2021-22 by StorageCafe. Ecuador has acquired a reputation as one of the best options in the world for retirees on a budget, but little Loja is still off the world's radar. Of course, if you want something more tranquil, you can just head over the bridge into Ocean Springs. Year-round homes start around $350,000 and reach nearly $4 million. In the summer, you can evencatch sea turtles crawling up onto the sand to lay their eggs. The overall cost of living is around 38% lower than in the United States, and rent is about 64% lower. That's because it has powder-soft white sand that rings the Gulf of Mexico and plenty of beach resorts and vacation rentals to keep up. Homes start in the $200,000 range, and its possible to snap up a townhome with an onsite dock such as this sprawling three-bedroom for $274,000 or this $350,000 three-bedroomwith water views. The country faces the shores of both the Caribbean Sea and the Pacific Ocean, so there's plenty of beachfront to go around, in addition to rivers, lakes, and rainforests. Hoi An has mountainous surrounds on one side and some of the most beautiful, undisturbed pieces of beach within a stones throw. Still accessible to the world and with ample beaches and islands to explore for those wanting variety, this is one of the less developed, quieter destinations, an appealing characteristic for many retirees. It costs a median of $1,694 per month to own a home with a mortgage in Portland, and renters pay a median of $1,115 monthly. With its bustling main street, John F. Kennedy Hyannis Museum, and world-renowned Cape Cod Hospital, Hyannis is basically the hub of the Cape. Shop Pay: What Is It and How Can It Benefit You? In fact, it was named the second-best city in the U.S. for senior health by The Mesothelioma Center in 2023. With sublime beaches and a well-established expat community (20% of the islands permanent population), Phuket offers pristine beaches and a warm, tropical climate. Bay St. Louis is attractive to residents and visitors because of its beautiful gulf beaches, temperate winter climate and plenty of entertainment during high season. Where to stay: The Lodge at Gulf State Park. Winter tends to be slower, quieter and wetter, though the Shores Acres State Park does an annual holiday lights display that is magnificent. Most Affordable Beach Towns - 2021 Edition - SmartAsset SmartAsset found the most affordable beach towns in America based on factors including home value, housing costs, property taxes and home size. The mild weather, coastal scenery, good airport, and myriad amenities have made Murrells Inlet a desirable retirement destination for Northeasterners seeking a break from high tax rates and harsh winters. How the National Debt Hits Your Wallet Every Day, CD Rates Today: April 27 Special 10-Month Term with 5.25% APY. The cost of living is reasonable, and there are many retirement communities and senior-friendly neighborhoods to choose from, says Latenko. From Spring Break to NASCAR, Daytona Beach can be a wild time. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. You save for retirement your whole life, you work, at some point, only knowing that you can retire and wont keep having to work, so it feels like, in some ways, its what you work towards for much of your life. The panhandle town is not far from the Gulf towns of Mobile and Gulfport. Theres still a lot of areas in Hyannis that are very affordable, says Jeanette Neeven, a Realtor with Century 21 Cobb Real Estate. Retirees can get into affordable homes starting at just under $200,000, including this $196,919 two-bedroom in a 55-plus community or this three-bedroom with a whirlpool hot tuband no age restrictionsfor $249,900. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. Located on the Gulf of Mexico, the city offers plenty of entertainment, including concerts in the park, festivals and community theater. Far from a sleepy beach town, Myrtle Beach has more than 1700 restaurants, 100 golf courses and 60 miles of beautiful beaches along the Grand Strand. Being the third safest country in the world with the highest density of blue flag beaches, this country has a low cost of living, tax incentives, and easy residency for expats. Welcome to Coastal Dream Life, a website dedicated to helping you achieve your dreams of white sandy beaches and fresh ocean breezes in style. - Total score: 55.1. Baja California, Acapulco, Cancun, Puerto Vallarta, Rosarita, and La Paz are a few well-known beach areas, and quiet fishing villages might attract retirees with lower costs and casual. Belize offers one of the best retirement programs globally, only taxes on income earned in the country, and retains English as their official language, eliminating language barriers for many.

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