Dubrovnik offers some beautiful beaches and a city steeped in rich history, with many beautiful old buildings. Costa Rica Costa Rica tops this year's list for its low cost of living (around $2,000 a month for a. With its ample coastline, there is no shortage of great beach towns to choose from, and the cost of living is low. Hoi An has mountainous surrounds on one side and some of the most beautiful, undisturbed pieces of beach within a stones throw. The city is rapidly growing, which means that it won't stay affordable for long. But this is one of the best overall areas to live in terms of quality of life. Here's a look at the highest-rated coastal towns to retire. As of February 2023, homes had a median selling price of $435,000, making beach living cheaper than the national average. https://www.wearejust.co.uk/news/5-reasons-to-retire-to-the-seaside, https://www.liveandinvestoverseas.com/best-places-to-retire/, https://www.thrillist.com/travel/nation/cheapest-beach-cities-to-live-in-world, https://internationalliving.com/the-best-places-to-retire/, https://www.forbes.com/sites/williampbarrett/2019/11/27/the-best-places-to-retire-abroad-in-2020/. Located on the Gulf of Mexico, the city offers plenty of entertainment, including concerts in the park, festivals and community theater. But it does come with a tradeoff the weather. And locals are willing to fork over that kind of money for a reason. Far from a sleepy beach town, Myrtle Beach has more than 1700 restaurants, 100 golf courses and 60 miles of beautiful beaches along the Grand Strand. Good quality healthcare is available at reasonable prices, and public transportation in many cities makes a car unnecessary. Over a third of the population is age 60 or older. Oregon's coast is a treasure trove of beaches and coastal vistas. Consider these affordable retirement locales in the city, beach and mountains. Offshore charter boat services are available to cruise up and down the Brazos River or off the coast of Bryan Beach. Add to this the sentimental nostalgia that many people have of summer family vacations to the beach, and its easy to see why there are sunny recollections of happy times, making such destinations ever more attractive. This Gulf Coast tourist haven has clean beaches, great fishing, and fantastic fowl. There are, of course, many other options besides these, both within the countries weve listed and others, everywhere from Cyprus to the Dominican Republic. Most vacationers who know of Mexicos Yucatn beaches immediately think of Cancn, Playa del Carmen or Tulum. Median list price: $249,950. If you're looking for a cheap place to retire near the beach, consider Daytona Beach.Homeowners age 60 and older pay a median of $1,324 per month with a mortgage, and the median rent is $1,127 per . That is because, while its economy is strong and crime rate is low, the community is fairly isolated, meaning residents have a long commute to work. Middle River may not be as popular as Maryland's other coastal areas, but that means it's infinitely less expensive. One of the richest histories in western civilization and one of the most affordable European residency programs means this is an excellent option for this part of the world. Summer is much livelier, with outdoor activities, like music, golf and farmers markets. 4 gorgeous beach towns where you can retire comfortably on $40,000 a Specifically, she specializes in budgeting, debt repayment, savings and retirement. Most Affordable Beach Towns To Retire Learn about job opportunities that might be a good fit for older workers. Quit Your Job And Retire Early: The World's 5 Cheapest Beach Towns - Forbes The median rent is $1,259 per month. Canggu is an eclectic mix of modern lifestyle with traditional Balinese culture. Residents and visitors to Hampton are close to the excitement and fun of Virginia Beach as well as the museums, performing arts, restaurants and other attractions. For a comfortable, well-appointed lifestyle, budget US$1,223 a month. (Getty Images) Median home list price: $237,050 Millions of tourists flock to Myrtle Beach each year, lured by its surf. Learn how to maximize your Social Security income using an optimal claiming strategy. The cost of living in Pensacola is actually lower than the national average, making it the perfect spot to buy a beach home, says Brittany Mendez, chief marketing officer of FloridaPanhandle.com. Coos Bay is no exception when it comes to dramatic views. Most people tend to buy property in one of the many beachside communities scattered north and south of Mahahual, where it is still possible to find a true oceanfront home or lot on which to build a home. Port Arthur has gone through a revitalization that has resulted in a refreshed downtown. Vietnam offers one of the lowest costs of living in the world. Wilmington Island has a unique position situated quite literally between the best of both worlds. Coos Bay is an adventurer's paradise, with bays, rivers, lakes and Oregon's famous dunes waiting to be explored. Unless otherwise noted, all data was sourced from Redfin and the U.S. Census Bureau. The cost of living is reasonable, and there are many retirement communities and senior-friendly neighborhoods to choose from, says Latenko. And, of course, the international airport offers convenient, low-cost fares to get to the States and Canada. According to International Living, expat Geoff Kent moved to Chelem with his wife and two young kids in 2018, and they are considering opening a small coffee shop or donut store. It is equidistant from the historic city of Savannah as it is to the spectacular beaches and seclusion of Tybee Island. If it's racing season or Spring Break, forget about it. How Many Beaches Are There In Massachusetts? It has wonderful public schools, is safe for families and has great restaurants and nightlife. That said, if you want ocean views, Eureka has those in spades. There are plenty of beaches around the world (some even in the U.S.) that allow you to live your most stress-free life possible for a fraction of the cost you do now. A bus ride to the nearby town of Progreso is about 50 cents. The Best Affordable Places to Retire Overseas in 2023 According to Live and Invest Overseas, an organization dedicated to providing information to businesses moving abroad, a couple can comfortably rent an apartment in Ljubljana for about $720 a month. Located in the Mediterranean, with vineyards, dramatic cliffs, old forts, and charming fishing villages, the island as a whole has a lot to offer. With generally good weather, low crime rates, and a very accessible location, both to Europe and the rest of the world, Croatia is a dream to retire in. The city of Puerto. For your next good read, how about a book that will help improve your financial future? The cost of living in Port Angeles is more expensive than the national average but is less expensive than other places in the state of Washington. Covering about 5.5 square miles, Garden City offers easy access to the beach from anywhere you choose to live. The overall cost of living is about 28% lower than in the United States, and rent is 73% lower. The historic city boasts a vibrant downtown with shops and restaurants, 15 recreational parks (including a golf course), and waterfront views from both the mainland and the peninsula across the water. 9 Cheapest Places to Live on the Beach in the World The town is home to the Florida Institute of Technology and is only 30 miles east of Orlando, which means that residents have both beach vibes as well as the conveniences of a college town and a major city. It has a highly rated public golf course, beautiful beaches, and a museum of history and art. Rather, here, the residential areas overlook the river. The ranking was based on the population of residents aged 55 and over per capita (the higher the better, we say), affordability based on median list price, access to hospitals and other health care facilities, the number of amenities like golf courses (for low-impact exercise) and country clubs (for the social scene), as well as marinas and water-recreation businesses like boating and fishing, for that all-around beach town experience. Hibiscus Elegant Midcentury Beachside House. Year-round homes start around $350,000 and reach nearly $4 million. Jacksonville, North Carolina Population: 72,896 Median home price: $222,814 Median monthly rent: $1,200 The mild weather, coastal scenery, good airport, and myriad amenities have made Murrells Inlet a desirable retirement destination for Northeasterners seeking a break from high tax rates and harsh winters. Top cities: Lisbon, Porto, and the Algrave. 29 Great Places to Retire Near the Beach | Kiplinger Port St. Lucie is located on Florida's Atlantic coast and has freshwater marshes in addition to ocean beaches. To come up with this list, our data experts looked at more than 1,300 towns on the water, pulled off the places that are located on lakes or riversthis list is all about tasting the salt in the ocean breezeand cut the selections to one place per state, for a wider variety of options. Get advice on achieving your financial goals and stay up to date on the day's top financial stories. Florida is also one of nine states that doesnt have an income tax or a tax on certain kinds of unearned income, meaning youll keep more of your money in your pocket. Most folks probably dont imagine spending their beachy retirement huddled up under layers of sweaters and blankets, but theyre missing out. The overall cost of living is around 38% lower than in the United States, and rent is about 64% lower. It's not in Seattle proper, but just a short ferry ride away, which helps bring housing costs down. It's one of the most affordable places to live in the Caribbean: According to International Living, a couple could live well starting at $2,000 a month. Myrtle Beach attracts plenty of tourists with its SkyWheel, boardwalk and Atlantic Ocean beaches. The median home selling price is $232,450, as of February 2023, which is notably less than the national average. Offers may be subject to change without notice. Average income for population 65+: $70,291. This lifelong build-up can leave one feeling like theres a lot of pressure to do retirement right: to pick the right place to retire, the right hobbies, surrounded by the right people. The city is a UNESCO world heritage site, and the monthly cost of living can be as low as between $500-1000. (Getty . The Best Places to Retire in 2022-2023 - US News & World Report All Right Reserved. Affordable Beach Towns To Retire In California When residing in Oceano, spend your days walking through Guadalupe-Nipomo Dunes National Wildlife Refuge and admiring the views. The small towns on this list are some of the greatest beach towns on the East Coast. There are no condo towers, gated communities or large resorts. The cost of living and crime, Read More Is It Good To Live In Miami Beach?Continue. While insurance may be a bit dicier, that's likely to be a temporary issue, says Larry Snider, vice president of operations at Casago Property Management and Vacation Rentals. Where to stay: Baltimore Marriott Waterfront. The town is home to Bowdoin College, and over on Federal Street is where Harriet Beecher Stowe penned Uncle Tom's Cabin. But many people find the high quality of life in Naples to be worth the cost. A recent U.S. News analysis compared the 150 largest metropolitan areas in the United States as potential retirement spots, including data on housing affordability, happiness, desirability, retiree taxes, the job market and access to quality health care. Maine's most populous city has four distinct seasons with warm summers and cold, snowy winters. Sandwiched between the Kyrenia Mountains and the warm waters of the Mediterranean, Kyrenia features incredible seascapes. Many of the retired residents of Hyannis move into their former summer homes, but there are still plenty of boomers relocating to the area. It costs a median of $1,694 per month to own a home with a mortgage in Portland, and renters pay a median of $1,115 monthly. Dunedin, Florida. But it is one of the more affordable beach towns in the nation thanks to its location on the hurricane route and the high volume of tourists that come during the high season. Residents of Melbourne enjoy a beach retirement along the Atlantic Ocean at reasonable prices. 10 Best Beach Towns To Retire In The World - Coastal Dream Life The 7 most affordable beach towns that you can retire to are: Hobe Sound, Florida. It may also be a little more lively. Retirement visas are available for those at least 50 years old with a valid passport, background check, at least $24,500 in a Thai bank account, and monthly income of about $2,000. Homes start in the $200,000 range, and its possible to snap up a townhome with an onsite dock such as this sprawling three-bedroom for $274,000 or this $350,000 three-bedroomwith water views. TRAVEL + LEISURE is a registered trademark of Travel + Leisure Co., registered in the United States and other countries. Mahahual has a hip-but-rustic feel, says Haskins. Morehead City has enough nautical attractions to make die-hard boaters keel over. Just like many of you dreaming about a coastal dream life, we can make this a reality through information and inspiration! Many of them seek out single-story homes with attached garages right around the golf course, marina, and beaches. A Certified Retirement Community by RetireNC, Carteret County, North Carolina, is a great place for active retirees. The median home price is $157,900, and the median rent is $1,013. It is barely above sea level, so most expats that live here tend to be very resilient and/or build very sturdy well-engineered homes on tall pillars, says Haskins. Situated along the Atlantic Ocean, Vero Beach, Florida, is a quiet coastal town where you can enjoy your golden years. Just over a quarter of the population is age 60 or older. Step out of your sub-$250K cottage and into the colorful, historic downtown lined with gorgeous live oaks, artist studios, and locally driven restaurants.. Quit Your Job And Live By The Sea: 3 Cheap (and Secret) Beach Towns The majority of beaches in Essex are off Rocky Point Beach and Park, which is open year-round for fishing, boating and picnicking. These coastal cities provide convenient access to the beach and all the amenities retirees need. It's also great for retirees, with lots of recreation areas and a high ratio of doctors' offices to people. Venices shoreline is located halfway between Sarasota and Port Charlotte, on the eastern edge of the Gulf of Mexico. And now that the coronavirus pandemic makes it unwise to socialize except at a distance, its more important than ever to be able to settle into a forever home where youre free to enjoy the fresh air, long walks on the beach, and the soothing sound of crashing waves. seaside locations, including Holbox Island, pictured here, where residents get around on golf carts. Life is not cheap in the places getting 30 flights a day from El Norte. Where It's Located:A former fishing village, Chelem is located on Mexicos Gulf Coast, about a 40-minute drive from the city ofMrida(which was just named by Best Small City in the World by Conde Nast Traveler). The powdery white-sand beaches are a paradise for sunbathersor those who seek shade under an umbrellaand shell seekers. And for many, life by the beach is that ideal. Myrtle Beach scores high marks for desirability, according to a U.S. News survey about where people age 45 and older most want to live in retirement. You can find out more and change our default settings with Cookies Settings. As of 2023, the median home sale price was $461,400. The former fishing village is bordered by a beautiful marsh shoreline and dotted with wooded areas. The Cost: In Chelem, a four-bedroom, two-bathroom home with a pool one block from the ocean rents for about $600 a month. This renovated one-bedroom cottage is listed for just $199,999 and this two-bedroom at $225,000. The cost of living is about 61% lower than in the United States, and rents are a bargain at an average of 80% lower than in the U.S. Medical and dental care are high quality and affordable, with both public and private institutions available. Comparative assessments and other editorial opinions are those of U.S. News Youre not alone. You can click on the 'unsubscribe' link in the email at anytime. But when you think of America's great beach towns, like the Hamptons, Miami, Malibu, Hilton Head, among many others, we get snapped right back into reality rather quickly the cost of living in these spectacular beach towns is pretty darn high! There are hardly any cars. NASCAR, headquartered in the area, holds several . It's a suburban environment with a lot of bars, restaurants and parks. Equal parts Southern charm and beach-bum getaway, Galveston Island is one of the most popular beach getaways for Houston residents. Part of the Space Coast, Melbourne has beautiful beaches on the barrier island across the channel. Theres really just one town to speak of: Only a small area on the western end of the island has been developed. Instead of Hilton Head, Try: Myrtle Beach, S.C. Mexico's low cost of living, climate, and affordable healthcare are attractions, with rents about 70% lower than in the United States. It is safe, with a strong sense of community and an excellent medical system. The downsides, according to Haskins: no shopping, no healthcare facilities and during hurricane season the island is particularly vulnerable. However, since youll be on a fixed income, you need to find an affordable spot. Soak up the sun when you retire to one of these affordable destinations. Retiring to a quiet place by the beach is a dream for many Americans and others around the world. Then, the question is, where are the best beach cities to live and work in. Youll find Italians, Argentinians, French, Germans, Americans, Canadiansmany of whom have started businesses.. Located approximately 10 miles south of Myrtle Beach, Garden City, South Carolina, is a small resort town with a population of 10,600 and 38% of residents are 65 years old and up. We know people who spend far more and others that spend less, says Haskins. best east coast beach towns to retire - portuguesebasket.com Port St. Lucie scored highly on the desirability metric, and many people age 45 and older are interested in retiring in the area, according to a U.S. News survey. The 7 Best Beach Communities for Your Retirement - 55Places.com - Weather rank: #18. Thankfully, there are plenty of beach towns that offer the best of both worlds affordable living and a large population of seniors. The Best Beach Towns for Retirement - Southern Living Miami Beach is Floridas 33rd-largest city and, since the early 20th century, one of the most popular coastal areas in the United States. Offering mountains, beaches, and a much cheaper cost of living than the USA or Europe, Panama is arguably a great country to retire. Second, it has a lack of some of the more tourist-friendly services that thrive on other islands, like malls, large cities and restaurants. Prices are considerably lower than Miami, but compared to the rest of Florida, you'll still be paying around half a million to live on the beach. Despite the Crisis, Homeowners Remodel to Ride Out Pandemic in Comfort, How the Coronavirus Is Changing Some Boomers' Real Estate Plans for the Better. Retirees with a mortgage pay a median of $1,563 per month for housing. Some countries have very appealing visa programs for retirees that make a living there permanently much more accessible than others, so this is an essential factor to consider if youre planning on moving full-time or owning property in another country. A cool $165,000 can get you into this three-bedroom house with a sweet front porch in the South Hill neighborhood. The company 401(k) is just one option available for building wealth. Hampton, located near the bustling beach communities of Virginia Beach and Norfolk, is popular among residents for its stable economy and proximity to the water. It's a smaller, quiet community with a much more affordable cost of living than some big retirement destinations like Sarasota or Melbourne, says Snider. Express your gratitude and appreciation by picking out a retirement gift for a colleague. Plus, Melbourne is across the bay from the barrier island that has the more famous Cocoa Beach. Yes, many people like to retire near the ocean, but why? Each person prioritizes these differently, and several will weigh in way more heavily for some than others. Seal Beach is quaint and cute to walk around, says Melinda Elmer, a Realtor with Century 21 Masters. For temporary residence, monthly income of about $2,100 is required, and for permanent residence, the minimum income is $2,700. on this page is accurate as of the posting date; however, some of our partner offers may have expired. Weekly. Where to stay: Waterfront Manette Beach House. You won't be getting warm golden days in Eureka. If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. Located on Florida's Atlantic Coast, cars can be driven onto some of the hard-packed sandy beaches. Portugal - Best Overall. It's less expensive than other coastal towns in Maryland because it doesn't actually have direct ocean access. In fact, International Living rated the Slovenian city of Ljubljana as one of the top 10 cities to retire to in the world. Biloxi tops the list once again as America's most affordable beach town. Being the third safest country in the world with the highest density of blue flag beaches, this country has a low cost of living, tax incentives, and easy residency for expats. But what keeps its cost of living low is the hurricane risk as well as the tourist sprawl, which tends to then leave the community snoozing in the off-season. Retirees will most likely rent since foreigners are restricted from owning land, with the exception of certain condo developments in large cities. Retirees look for affordable communities where they can fill their time with purposeful activities and social connections, keys to a long, healthy life, says Hale. It costs a median of $1,296 per month to own a home with a mortgage in Myrtle Beach and just $976 monthly to rent. After trying out Ecuador, Haskins and her husband moved to Mexico in late 2002. Retirees are undoubtedly drawn to these areas by the active, beach lifestyle, says Danielle Hale, chief economist for realtor.com. But its residents love it for its small-town charm. So what makes a place attractive to retire in? Retirees have their pick of beachfront locations in Thailand, including a number of tropical islands. Is It Better To Stay In Capri Or Anacapri? Income diversification can help you set up a financially secure retirement. It costs a median of $1,328 per month to own a home with a mortgage in Pensacola, and renters pay a median of $1,046 monthly. Heading to the beach to relax in sunshine and sand once youve finished putting in desk time is the dream for many people.