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

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.

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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