Retirement is a period of your life for you to enjoy what you love—whether that’s traveling, spending time with your family, or helping your community. If you would like to live out your retirement dream, you really do need a plan. Knowing the best cities to retire can assist you with making your hard-earned dollars go much farther when you’re ready to put your plan into motion.
So, what makes for a good city to retire in? Two of the most conventional factors include the cost of living as well as quality of life. Some other factors include:
- Tax rates,
- Housing costs,
- Quality of health care, and
- Overall happiness of residents.
With those factors at the top of your mind, check out some of the best cities to retire.
Costa Rica
Costa Rica is an ideal option if you want a healthy and active lifestyle. It earned high scores in the health-care, development as well as governance categories. There’s no shortage of things for you to see and do.
The cost of living makes Costa Rica extremely affordable, even on the tiniest retirement budget. Out of 25 countries analysed, the cost of living in Costa Rica came in at 84 with housing at 74. If you’re looking to purchase, you can find homes cheaply with property tax rates which are a fraction of what you’d pay in the U.S.
Myrtle Beach, South Carolina
Myrtle Beach is quite a popular holiday destination. The area’s affordable housing costs could give retirees the opportunity to enjoy the holiday lifestyle permanently. You will find a lot of other retirees for company, since over a third of the population is age 60 or older. In this area of the U.S., there are more than 60 miles of beaches nestled next to the Atlantic Ocean. Myrtle Beach has numerous golf courses which were designed by top architects.
Panama
Between magnificent mountains and busy beaches, Panama provides the best of both worlds for retirees. Locals have a reputation for being welcoming as well as friendly. From a cost-of-living perspective, Panama is highly affordable. Virtually everything is less expensive as compared to the U.S. including groceries, restaurants in addition to rent.
Expats who get a retirement visa enjoy a number of benefits, including deep discounts on entertainment, airfare, local transportation as well as hotel stays. The only ‘catch’ is that you must have a pension which gives at least $1 000 a month to qualify for the Pensioner visa.
Manchester, New Hampshire
New Hampshire’s most populous city offers a high quality of life, including job opportunities as well as access to health care. This state doesn’t have a state sales tax or an earned income tax. However it does have tax dividends and interest, and the property taxes can be quite high. Manchester’s four-season climate delivers stunning fall foliage and skiing opportunities in the winter. The city-.
