Though you might picture yourself lounging on the beach and enjoying the sunset during your retirement years, more and more people find that they cannot afford to retire to some tropical island or exotic destination. Depending on when you decide to retire, you may still have a mortgage that needs paid and other expenses that keep you from enjoying your later years. Looking at the best cities in America to retire may give you some ideas on where you can move and which cities will offer the best opportunities for you.
One of the best places in the country to retire is the city of Franklin, Tennessee. Located roughly 20 minutes away from Nashville, homes for sale in this suburb are dramatically lower than you’ll find within the city itself. Franklin also ranks high because of its low cost of living. It is among the 100 cities in the country that have the lowest cost of living. As Tennessee has a lower tax bracket and does not charge a state income tax, you’ll save money on everything from taking a part time job to buying groceries.
If you’re looking to retire in an area with warm temperatures and a dryer climate, consider the town of Abilene, Texas. The average price of homes in the city is well below $150,000, and there are more doctors in the city than in almost any other city in the state. Locals also love its rich and historic downtown area, which is home to a number of smaller independent shops, including some started by people who moved there for their retirement years. The cost of living in Abilene is significantly lower than the national average cost of living.
Tampa Bay, Florida
When most people think of retiring in a new city, they think of Florida. Though Florida is home to a number of cities that are perfect for your retirement years, the best is Tampa Bay. You can work with a real estate professional like Kuba Jewgieniew or a real estate company like Realty ONE Group to find the perfect home for you. Tampa Bay has a lower cost of living than other Florida cities, offers ample activities for elderly residents and has a great health care system. Moving to one of these cities can help you save money after you decide to retire.