Here’s the list of the 20 most affordable US places to retire in 2021

Many of the US metro areas are accessible to budget-conscious retirees

US places

Here’s the list of the 20 most affordable US places to retire in 2021. Source: pexels.com

55places.com, a real estate platform for home buyers 55+, has released a list of the 20 most affordable places to retire in 2021.

The company examined US cities with a population of at least 50,000 and fixed an estimate based on a variety of data points, including cost of living, average home value, taxes, health care accessibility, public transportation, and walking distance estimates, over 55 communities. The result was a list of metropolitan areas that offer a combination of quality living opportunities at an affordable price. 

Here is the list of the 20 US most affordable places to retire in 2021:

  1. Boynton Beach Area, Florida
    Median Home Price: $187,100
  2. Sarasota Area, Florida
    Median Home Price: $239,600
  3. Salt Lake City Area, Utah
    Median Home Price: $237,500
  4. Dallas-Fort Worth Area, Texas
    Median Home Price: $165,000
  5. Tampa-St. Petersburg Area, Florida
    Median Home Price: $182,900
  6. Corpus Christi Area, Texas
    Median Home Price: $133,200
  7. Baltimore Area, Maryland
    Median Home Price: $156,400
  8. Pittsburgh Area, Pennsylvania
    Median Home Price: $116,300
  9. Delray Beach Area, Florida
    Median Home Price: $267,100
  10. Ocala Area, Florida
    Median Home Price: $128,600
  11. Philadelphia Area, Pennsylvania
    Median Home Price: $156,800
  12. Wilmington Area, Delaware
    Median Home Price: $169,400
  13. Tucson Area, Arizona
    Median Home Price: $146,500
  14. Houston Area, Texas
    Median Home Price: $161,300
  15. San Antonio Area, Texas
    Median Home Price: $136,800
  16. Harlingen Area, Texas
    Median Home Price: $83,500
  17. Phoenix Area, Arizona
    Median Home Price: $217,400
  18. Florissant Area, Missouri
    Median Home Price: $96,400
  19. Charlotte Area, North Carolina
    Median Home Price: $200,500
  20. Yuma Area, Arizona
    Median Home Price: $134,100

While choosing a location to retire is a personal and subjective decision, shoppers always think about affordability. Actually, 43% of respondents revealed they expect the value of their next home to be lightly or a lot less than their current home.

For the millions of Americans who depart the U.S. labor force each year, the image of what an ideal retirement is can differ. However, an inexpensive and comfortable way of living are top factors that are considered before entering this phase of life
George Kolar, regional sales manager for 55places.com

We’ve reported that 35% of retirees didn’t consider how taxes would affect their retirement income when planning for retirement. Therefore, a third of them express regrets wishing they had better prepared for paying taxes in retirement.

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