10. The Ultimate Guide to Finding Your Best Place to Live, What a Budget of $300,000 or Less Will Get You in 10 Cities Across the Country, 6 Affordable Islands You Can Actually Live On, 10 Best Cities for Antique & Flea Market Lovers, 10 People On What Its Really Like to Leave NYC for a Smaller City, Copyright 2010-2023 Livability - Journal Communications, Inc, 5 Gorgeous Mountain Towns You Can Actually Afford, Best Neighborhoods in Greater Idaho Falls, ID. Lawrenceburg. Active Adult Communities | As an example, the Animas River, a gold medal fly fishing stream, flows through the center of town. A north Georgia mountain town with an old soul, Blue Ridge is a fun town for retirees. Altitude means an escape from hot summers, even in some otherwise warm states. Lower humidity. Beyond financials, the area has plenty to recommend itself. Senior insurance needs are different. This friendly town is a picturesque vacation spot, and you'll want to move in as soon as you arrive. Our income will be about $1,500 a month including rent. Sometimes it makes more sense for one member of a married couple to keep working. Copyright 2023 MarketWatch, Inc. All rights reserved. By Dan Burrows A state fund fueled by oil wealth gives all permanent residents an annual dividend. The gateway to Snowbasin, Powder Mountain and Nordic Valley, this hidden gem, just 35 minutes north of Salt Lake City, sits at 4,280 feet and is adjacent to 170,000 acres of national forest. The city and surrounding area provide many outstanding recreation activities in the adjacent Sandia Mountains, which you can get to from a city gondola. Bella Vista, Arkansas. To pinpoint one great retirement destination in each state, we weighed a number of factors: Rapacon joined Kiplinger in October 2007 as a reporter with Kiplinger's Personal Finance magazine and became an online editor for Kiplinger.com in June 2010. It is known for its outdoor recreation, especially fishing. Asheville is a popular retirement spot, and over a quarter of the population is age 60 or older. With a population of 84,000,Ogdenis on the smaller side, but when it comes to outdoor adventures, the opportunities are massive. (By comparison, the country's smallest state in size, Rhode Island, hosts more than a million peopleabout 871 people per square mile.) The citys location is an ideal setting for homebuyers hoping to take advantage of the outdoors while still getting to enjoy the perks of living near an urban city. Sound fun? Williamstown, Massachusetts. Here's a look at the most recent IRA and 401(k) tax reform laws. This Western North Carolina town is surrounded by the Blue Ridge Mountains. Medelln is renowned for its lushness, which is something the city aims to maintain by requiring new developments to invest in . Another reason Iron Mountain is more expensive: its near Pine Mountain Resort, which brings in golfers and skiers. Yellowstone and Grand Teton national parks sit due south of Bozeman. Im looking for a cannabis-friendly red-leaning state with no state income taxes where should I retire on $60,000 a year? While the median home value is a low $206,000 in the Green Mountain State, compared with the median $229,000 for the U.S., it climbs to $326,500 in Burlington. And many people aren't able to strike a balance: The poverty rate in Albuquerque among residents age 65 and up is 9.9%, compared with 9.3% for the U.S., but better than the 11.9% rate for New Mexico. But if you crave adventureand don't mind long winters and vast swaths of wildernessit pays to live in Alaska. The bigger and better child tax credit for 2021 is gone, replaced by a new set of rules for taking the credit on 2022 returns. Yes, Coloradoboasts its fair share of ski resort towns known for drawing the rich and famous:Aspen,Vail,Breckenridge,Tellurideand the like. Think in terms of two towns: Escanaba, on Lake Michigan, and Iron Mountain, an hour inland on the border with Wisconsin. With plenty of things happening at the town's art center, community theater, breweries, and restaurants, there's lots to enjoy in town. You could also look at Houlton (5,700 people), also in Aroostook County but further south. Of course any location can have its share of natural disasters, but living in the mountains can come with serious hazards. Once you get to a certain age you do have to consider the disadvantages of going up and down hills, slippery streets, and thin air. The Chugach State Park alone offers 155 peaksranging from Flattop Mountain with an elevation of 3,245 feet to Mount Marcus Baker at 13,094 feetwith endless opportunities for hiking and ice climbing. Plus, you can choose among a host of retirement communities with ocean views. So there is usually plenty of pristine land right outside your door where you can hike, ski, hunt, fish, kayak, camp etc. Spectacular home sites. Theres also world-class art at the Clark Art Institute in Williamstown and the Massachusetts Museum of Contemporary Art (MASS MoCa, for short) in North Adams. Reviews | Home appreciation in Idaho Falls is up 9 percent, with the median home costing an affordable $178,300, while the average rent for a one-bedroom home or apartment is just $630/month well below the national average of $990. Living costs throughout Alaska are significantly higher than is typical across the continental U.S. It is the capital and largest city (53,000 people) of Wyoming and is an interesting place to retire. Newsletter | Treat this as your starting point to look at the many small towns in rural Maine. Many retirees dream of moving to a scenic beach setting or an ideal countryside landscape, but those looking for a mountainside retirement have plenty of options to choose from. The state of Washington is known for being a picturesque place for nature lovers, and its also home to some of the countrys most popular peaks, such as Mount Rainier. Fayetteville ranks 11th for community well-being on the Gallup-Sharecare Well-Being Index with residents reporting high levels of liking where they live, feeling safe and having pride in their community. You can also find 40 parks and more than 50 miles of hiking trails, including the variety of options covering the Rancho La Costa Preserve's Denk Tank Mountain, the highest point in Carlsbad. We hate heat, humidity, crowds and beaches. Help | Situated on the Atlantic Ocean, home sales averaged $260,000, as of May 2022, making beach living seriously affordable. One friend of ours thought he wanted to live in a great town in western Colorado, only to realize that the winter sun was hidden by tall peaks until mid morning and disappeared again in late afternoon. Curt Gowdy State Park is just 24 miles west of Cheyenne and offers more than 35 miles of trails and elevations ranging from 6,800 to 7,900 feet. Blacksburg, Virginia. Thats quite a challenge. Knoxville is particularly affordable for retirees, compared with, say, Nashville, where living costs among retired people are about the same as the national average. Leave your suggestions in the comments section. Q and A New York, By Dan Burrows It's an all-around charming town with a cute downtown that has plenty of restaurants, and places for shopping. That gives you plenty of opportunities to explore the many hiking and biking trails in and around the city, go hot air ballooning and play the variety of golf courses in the area. Residents of the city and the surrounding area can easily visit the Blue Ridge Mountain Range, which is home to the Blue Ridge Parkway, Mount Mitchell, as well as several waterfalls, hiking trails, and waterways. Heres whats for sale now in Aroostook County. Asheville, North Carolina is located in the midst of the Blue Ridge Mountains, a part of the larger Appalachian range. Beyond the University, you can find a world of outdoor recreation with ample opportunities for hiking, biking, fishing, birding, whitewater rafting and more throughout the hills and valleys of Appalachia. Another feather in its cap: The Milken Institute rates Provo as the best large city for successful aging, noting the area's vibrant economy and safety, as well as the population's healthy lifestyles and high levels of volunteering among older adults. There are many parks, a national forest, and the popular Shoshone Falls. As a trail walker, you might enjoy the 25.5-mile crushed-stone rail trail from Escanaba to Hermansville. With Dollywood just next door, you'll never be at a loss for entertainment. She previously served as editor of the "Starting Out" column, focusing on personal finance advice for people in their twenties and thirties. It gets its name from the naturally heated springs in the area, which you can find in Hot Springs National Park, and also Bathhouse Row, which is home to bathhouses that date back centuries. Housing is notably affordable: The median home value in the city is $173,200, compared with $407,400 for all of Massachusetts and $592,300 for Boston proper, according to Zillow. And you can find even more to explore in nearby Scottsdale, Glendale and Tempe. But if you're willing to look beyond the most well-known ski resorts, there are mountain towns that offer scenic views and well-groomed slopes at far more affordable prices. Retirement may afford you the perfect time to gain some perspective in lifeand what better place to do it than in the mountains? College towns such as Blacksburg, Va. generally offer a high level of amenities at affordable prices. Durango, Colorado. Comparative assessments and other editorial opinions are those of U.S. News even provide complimentary public transportation. 1 spot, Boynton Beach ranked high in cost of living, home price and value, and taxes. These mountain towns have majestic peaks and reasonable housing costs. Photo: Nathanael Hovee/EyeEm/Getty Images, The Best Budget Getaways In The South For 2023, Best Lake Towns To Retire To in the South, Five Reasons To Visit Lexington, Virginia, 32 Charming Mountain Towns To Visit This Fall, 20 Southern Destinations For Your Next Long Winter Weekend, 12 Mountain Getaways to Take with Your Girlfriends This Fall, Explore These Virginia Towns Along the Blue Ridge Parkway This Fall, The Greatest Day Trips To Take In Every Southern State, 10 Charming Tennessee Towns Everyone Should Visit This Year, 10 Prettiest Places for Fall Foliage in Tennessee, 18 Perfect Fall Girlfriend Getaways To Plan Immediately. Fans of the TV series Breaking Bad will recognize the scenery around this town butting up against the Sandia Mountains. If youd love to make your vacation spot a year-round residence, this smallCaliforniatown, about a 20-minute drive fromSan Bernardino, is worth a look. Mentone, Alabama. (San Bernardino County isadding jobsat a faster rate than counties on the coast, and is a top draw for millennial workers.) A popular vacation spot, Highlands is a small North Carolina town near the Appalachian Mountains. Site Rules | Learn how to stop stressing about money matters and start enjoying your free time with these pro tips. Hunting and fishing are also popular local activities. The scenery in the surrounding mountains is spectacular, and so are the recreation possibilities. Or if you're 50 or older, you can join the local chapter of the Osher Lifelong Learning Institute. Nvidia stock has been a market-beater recently, but has it always been such a winner? Call us to speak with a customer service representative. And if internet access is important to you, remember to ask about speed and cost. Whether you're partial to exploring the great outdoors or focusing on wine country, you have plenty of optionsyou don't even have to choose one over the other. If rising before the sun to get in an early ski run or mountain bike adventure before work sounds like your idea of bliss, the mountains are calling your name. With 9,000 people, Presque Isle is the largest community in Maines northernmost county and the areas commercial center. If the draw of nearby destinations likeYellowstone,Grand Teton National Parksor theCraters of the Moon National Monumentisnt enough to lure you to this small town in EasternIdaho, maybe the promise of a symphony, opera, museums, zoo and minor league baseball teamseal the deal. 12. Indeed, the Denver metro area is home to more than 24 health care facilities per 1,000 seniors, compared with just about 19 per 1,000 seniors in the U.S. 33 States with No Estate Taxes or Inheritance Taxes. This isnt always the case, but many mountain towns tend to be on the smaller side, which can mean fewer town resources with cultural offerings Fires and natural disasters. Old Town provides interesting shopping. These high-altitude spots offer residents an active lifestyle and stunning scenery without breaking the bank. Phoenix, Arizona is a prime location for retirees interested in relocating to the mountains. Spirit Lake, IA. We will email you a link to quickly reset your password. Besides boating, it offers world class skiing and hiking at nearby areas like Squaw Valley and Mammoth Lakes. Or you can enjoy more leisurely paths of the Huntsville Greenway system. 7. Median rents in Elk County, where 30,000 people live, are just under $600 a month and are a touch lower than in neighboring Cameron County, which has just 4,500 residents. 10. Another popular mountain town in Arizona is Prescott. This citys location in the Coachella Valley area provides access to both Joshua Tree National Park and the San Jacinto Mountains. Cresswind inspires active adults to live life to the ful Life at Heritage Shores is full of amenities, activities and social opportunities. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Site Map | There are many things to consider before selling your own home. We get up early and go to bed early, so we enjoy beautiful sunrises and sunsets. Note this is Part 2 of Mountain Towns for Retirement, see Further Reading at end for 10 more. Montana State University's Bozeman campus is home to about nearly 17,000 students. I also agree to 55places.comsPrivacy PolicyandTerms of Use. and have not been previously reviewed, approved or endorsed by any other The Best States: Where Are Retirees Moving to? There is a vibrant downtown with a busy new library and great outdoor stores. Its setting among the beautiful San Francisco Peaks and Coconino National Forest was one reason. The surrounding Ozark Mountains afford residents outdoor recreation and natural wonders to enjoy while the downtown area, home to the University of Arkansas, provides restaurants, shops and a lively music and arts scene, including the Walton Arts Center. Albuquerque, New Mexico. Steamboat Springs, Colo. Its location atop the Snake River Canyon provides for outdoor activities including boating, fishing, hiking, golf, whitewater rafting and skiing. Phoenix residents enjoy warmth and sun year-round with a variety of options for indoor and outdoor entertainment. You can almost every kind of lifestyle environment in beautiful Burlington. As one of the 10 Cheapest States Where You'll Want to Retire (opens in new tab), the Heart of Dixie boasts many great spots for affordable living. Daytona Beach has a population of nearly 75,000 and 20% of people are age 65 and up. Could you live in the mountains, or would you prefer lower altitudes or the coasts. Published 11 January 23. real estate And recent job growth has increased by 2.8 percent (higher than the national average of 1.6 percent) with manufacturing, retail trade and public administration ranking as the citys leading industries. Email Address The Blue Ridge Scenic Railway runs antique trains to other neighboring mountain towns. There are also more than 200 wineries within a 50-mile radius, offering beautiful views and many wines to sample. on this page is accurate as of the posting date; however, some of our partner offers may have expired. This city is known for its vibrant art scene, historical sites, and architecture such as the Biltmore Estate and the Basilica of St. Laurence. All that comes with below-average costs, but also below-average incomes. Great Places to Retire Early Near the Beach. Another popular attraction in the area is Dollywood, a theme park modeled after Dolly Parton and her early life growing up in Tennessee. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. Time to drop the disability coverage and review your other plans. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. The good news for those of us lacking a few extra zeroes in our bank accounts? Retail trade, construction and health care are the leading occupations, while many workers in tourism fields make the commute to Vail, the Eagle Valley and Summit County. Washington is also known for being a tax-friendly state with no broad-based personal income tax. Bozeman is in southern Montana, nestled in the Gallatin Valley and surrounded by majestic ranges and national forests. Currently you have JavaScript disabled. There are also several white-water rafting opportunities around Denver and plenty of lakefront views to explore at Barr Lake and the Cherry Creek Reservoir. I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. Particularly in the western part of the U.S., humidity tends to be lower in the thinner air. Beautiful scenery. It offers all the low-cost, low-tax advantages as the rest of the state, but adds more generous incomes among retirement-age residents. But while Cheyenne is hardly a bustling metropolis by headcount, the population density is much higher at about 2,200 people per square mile. Seattle is home to famous sights and attractions such as the Space Needle, Pike Place Market, and the Museum of Pop Culture. Those looking to explore everything the Appalachian Mountains have to offer will enjoy living in Asheville. Boynton Beach Area - Florida. Phoenix, though, offers a pocket of affordability, plus typically higher incomes. Agriculture, specifically Idahos famous russet potatoes and wheat, is key here, but so is tech: its the home of the Idaho National Engineering and Environmental Laboratory, the countrys premier center for nuclear energy and research development. Published 9 December 22. state tax South Lake Tahoe, CA - Average Home Cost: $400,288 . It is the largest city in New Mexico. This mountain towns location also allows residents and visitors to easily take a day trip to Phoenix, making it a breeze to see the expansive mountain ranges Arizona has to offer. When you purchase through links on our site, we may earn an affiliate commission. Seems like a fair trade. I may revoke my consent at any time by contacting [emailprotected] Message/data rates may apply. We love small mountain towns, privacy, colder weather. You can explore rainforests and waterfalls, as well as Hawaii Volcanoes National Park. 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