Yahoo Finance 6 Places to Retire on the East Coast That Are Just as Cheap as Portland, Sacramento and Olympia
For many U.S. seniors, the perfect retirement involves settling in an area with access to amenities, a rich cultural experience and an ocean you can reach in a few hours or less. You can find all of those things on the West Coast, whether you choose to live in big cities such as Los Angeles, San Francisco or Seattle or smaller, less expensive places.
Learn More: 16 Best Places To Retire in the US That Feel Like Europe
Find Out: 7 Common Debt Scenarios That Could Impact Your Retirement — and How To Handle Them
As previously reported by GOBankingRates, three West Coast cities that are comparatively affordable retirement destinations are Portland, Oregon; Sacramento, California; and Olympia, Washington. They might not be as cheap as other sections of the country but they are not nearly as expensive as the priciest cities in the U.S.
If you want to retire in cities similar to Portland, Sacramento and Olympia but prefer to stay on the East Coast you’ll find plenty of choices. Here are six places to retire on the East Coast that are just as affordable, based on a GOBankingRates analysis of data from ApartmentList, the U.S. Bureau of Labor Statistics and AreaVibes:
Wealthy people know the best money secrets. Learn how to copy them.
6. Palm Bay, Florida
2022 1-bedroom rent: $1,196.86
Livability score: 80
Total monthly expenditures: $2,012.24
Palm Bay could be a dream location for retirees, with a high livability score and monthly costs for groceries at less than $410 and health care for less than $420.
Read Next: 4 Ways Baby Boomers Become ‘House Poor’ in Retirement
5. Winter Garden, Florida
Average 2022 1-bedroom rent: $1,115.83
Livability score: 85
Total monthly expenditures: $1,965.54
Winter Garden has the second-highest livability score on this list, though you pay a bit more in monthly groceries and health care here than other similar cities.
4. Panama City Beach, Florida
2022 1-bedroom rent: $1,106.71
Livability score: 76
Total monthly expenditures: $1,946.91
In Panama City Beach you’ll be too busy enjoying the weather to mind that your monthly groceries are more expensive than other cities on this list. Still, for groceries and health care, you’re paying less than $840 per month.
3. Concord, North Carolina
2022 1-bedroom rent: $1,045.57
Livability score: 83
Total monthly expenditures: $1,881.47
Concord has a very high livability score of 83. You’ll pay $421.72 per month on average for groceries and $418.47 per month for health care.
2. Mauldin, South Carolina
2022 1-bedroom rent: $944.71
Livability score: 88
Total monthly expenditures: $1,789.89
Though Mauldin comes in at number two overall, it has the highest livability score of the entire list at 88. It’s no surprise that 19% of the population here is aged 65 and older.
1. Roanoke, Virginia
2022 1-bedroom rent: $919.71
Livability score: 75
Total monthly expenditures: $1,783.32
Roanoke wins the top spot, with a solid livability score and a high population of seniors. It’s easy to live here on a retirement budget, with average monthly expenditures below $2,000.
More From GOBankingRates
This article originally appeared on GOBankingRates.com: 6 Places to Retire on the East Coast That Are Just as Cheap as Portland, Sacramento and Olympia
