15 Best Beach Cities To Retire In US on $2,500 Per Month
“Best beach cities to retire in US”
Living near a beach in a beautiful city is more affordable than you may imagine. The cost of living is among the highest in the world in several of America’s seaside cities. For instance, the median property price in Malibu is more than $3.6 million, and the cost of living there is about five times higher than the national average. Malibu and other comparable coastal cities are out of reach if you just have $2,500 to spend each month. But even with a monthly budget of $2,500, you might be shocked to hear that there are quite a few beach communities in America that are still pretty reasonable. Read also 17 Most Lucrative Side Hustles For People Over 50 Years
The Best Beach Cities To Retire In US On a Monthly Budget Of $2,500
We gathered information from several communities having at least 10% of citizens 65 or older and ranked them according to affordability and livability to come up with the 15 best cities to retire in US. On this list of the best cities to retire in US, we have listed the outcomes below in reverse order. Read also 5 Expert-Approved Ways To Save Money On Food Whiles On Social Security
Top 15 Seaside Towns You Can Retire In The United States On $2,500 a Month
15. Sanford, Florida
•Expenditures per month: $2,115.17
•Rent for one bedroom: $1,276.67
•Age 65 and older population: 15%
•Livability:75
Among the top 15 best beach cities to retire in US, Sanford has one of the highest livability scores (75), and healthcare expenses are also marginally below average. Read also 6 Best Ways To Stretch Your Social Security Check Further During Inflation
14. Hampton, Virginia
•Expenditures per month: $2,068.31
•Rent for one bedroom: $1,215.67
•Age 65 and older population: 15%
•Livability: 72
With monthly spending for people 65 and above coming in at $395.77, Hampton has one of the lowest grocery prices on the list of the best beach cities to retire in US. That is over 4% under average. Read also What Is The Best State To Live On Social Security Only? Here Are 15 Best States You Can Live Comfortably On Social Security Check Only
13. Wilmington, North Carolina
•Spending each month: $2,033.04
•Rent for one bedroom: $1,094.00
•About 17% of the populace is 65 or older.
•Livability: 65
Despite having a lot to offer, Wilmington’s healthcare expenditures are by far the highest on the list of the best beach cities to retire in US at $527.62 per month, or more than 22% above the national average. Read also Between Age 20 And Retirement, Check Out How Much Money You Should Have in Your Savings At Every Stage Of Life
12. Melbourne, Florida
•Spending each month: $2,020.34
•Rent for one bedroom: $1,200.83
•21% of the population is over 65.
•Livability: 75
Melbourne has a high livability rating, and the monthly cost of healthcare is $407.26, which is more than 5% less than the national average. With 21% of the population being over 65, the city also boasts the biggest demographic proportion of seniors. Read also 8 Most Essential Things You Need To Know Before Retirement
11. Jacksonville, Florida
•Expenditures per month: $2,009.78
•Rent for one bedroom: $1,182.33
•16% of the population is over 65.
•Livability: 69
Seniors in Jacksonville benefit from below-average costs for groceries and healthcare marking it on this list as one of the best beach cities to retire in US. Read also 31 Major Retirement Threats To Avoid And Retire Comfortably
10. Palm Bay, Florida.
•Spending each month: $2,004.72
•Rent for one bedroom: $1,189.33
•Age 65 and older population: 19%
•Livability: 80
With the second-highest livability rating on the list of the best beach cities to retire in US, Palm Bay is a pleasant location to live with a score of 80. While healthcare costs are more than 5% below normal, grocery costs are just a hair below average. Read also 3 Key Steps To Becoming Financially Independent For Early Retirement
9. Newport News, Virginia
•Expenditures per month: $1,975.46
•Rent for one bedroom: $1,128.50
•Age 65 and older population: 13%
•Livability: 73
Newport News has healthcare expenditures that are 4% more than the national average, but grocery prices are 3.5% lower. Read also 3 Crucial Things You Must Do After Retirement – Your Future Self Will Thank You!
8. Norfolk, Virginia
•Spending each month: $1,940.68
•Rent for one bedroom: $1,067.67
•Elderly population of 65: 11%
•Livability: 66
Norfolk’s monthly healthcare costs are $470.24, which is 9% more than the national average. Monthly grocery prices are only $402.77, 2.2% below average, and help offset this in part. Read also 4 Easy Ways To Avoid Wasting Money In Retirement – A Sure Way Solution To Running Out Of Money In Retirement
7. Panama City Beach, Florida
•Expenditures per month: $1,938.86
•Rent for one bedroom: $1,098.67
•17% of the population is over 65.
•Livability: 76
Although Panama City Beach is known as a spring break hotspot, 17% of the city’s residents are 65 and older. Healthcare expenditures are below trendline, while grocery prices are slightly over average hence, made it to this list of the best cities to retire in US. Read also 10 Expert-Approved Tips For Retirement Planning(Before You Start Saving)
6. Seabrook, Texas
•Spending each month: $1,931.85
•Rent for one bedroom: $1,119.33
•12% of the population is over 65.
•Livability: 85
Out of the top 15 best beach cities to retire in US, Seabrook has the highest livability rating, at 85. Additionally, at $398.63 per month, it has the lowest healthcare expenditure on the list. That’s a whopping 7.6% behind average. Read also How To Avoid Social Security Taxation While Still Earning Money In Retirement
5. Garland, Texas
•Spending each month: $1,930.23
•Rent for one bedroom: $1,122.33
•12% of the population is over 65.
•Livability: 74
Garland has a high livability rating and affordable grocery and healthcare costs which afforded it in this list of the best beach cities to retire in US. Read also Retire Here! 10 Best Small Towns In U.S with Low-cost Of Living To Retire
4. Corpus Christi, Texas
•Costs per month: $1,801.84
•Rent for one bedroom: $983.50
•14% of the population is over 65.
•Livability: 69
While Corpus Christi’s average monthly grocery expense is the lowest on the list, its average monthly healthcare expense, at $436.16, is just slightly above average. Seniors spend just $382.18 less each month than the average person. Read also 3 Best Cities In Northeast To Retire Comfortably With Minimal Cost Of Living
3. Galveston, Texas
•Spending each month: $1,772.66
•Rent for one bedroom: $933.33
•Age 65 and older population: 18%
•Livability: 71
The lovely city of Galveston is home to a cruise ship port, a sizable population of retirees, affordable rents, and low overall spending. The only significant factor that lowers this city’s score, coming in at just 1% above average, is healthcare prices. Read also 9 Best Recommended Tips To Retire Happy And Free
2. Baytown, Texas
•Spending each month is •$1,645.01
•Rent for a single bedroom is $852.67.
•12% of the population is over 65.
•Livability:75
With five of the top six best beach destinations to retire in, Texas makes a strong showing, and Baytown completes the list of the best beach cities to retire in US. The advantages of Baytown include its high livability rating, affordable rent, low cost of groceries, and low cost of healthcare, which are 4.4% and 7.6% less expensive than average, respectively. Read also 4 Cities With Good Weather To Retire Comfortably At a Relatively Low Monthly Budget
1. Lake Charles, Louisiana
•Spending each month: $1,525.03
•Rent for one bedroom: $722.67
•Age 65 and older population: 15%
•Livability: 70
Lake Charles, Louisiana, tops the list of best beach cities to retire in US for $2,500 per month. Everything in Lake Charles is far less expensive than the national average, with the lowest rentals and overall cost of living of any city on this list. The cherry on top and what puts this city at the top of the list is a livability score of 70 which is great! Read also 10 Most Affordable Places In The United States To Retire On a Low Budget
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