Retiring on $30,000 a year is manageable — if you live in a low-cost area. That means housing costs are affordable, taxes are favorable to retirees and there are a variety of inexpensive dining and entertainment options. AARP The Magazine recently compiled a list of 10 places throughout the U.S. where retirees can live comfortably, yet inexpensively. Take a look.
1. Daytona/Deltona/Ormond Beach, Fla.
State tax on Social Security: No
State tax on pensions: No
The median home price is $108,900, the median mortgage payment is $416 and the median property tax is $1,161. There’s no state tax on Social Security or on pensions. Love watching baseball? Join the Silver Sluggers Club, where for $15 you can get in free to all Tuesday games where the Class A Daytona Cubs play, according to the AARP report.
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”