Alert
Close

Multiemployer pension cuts and what you need to know about pension provisions in 2015. Learn more

Home & Garden
Tool

Most Popular
Articles

Viewed

Best Places 2011

10 Affordable Cities for Retirement

These places are a bargain for retirees — and you can't beat the lifestyle

En español | If money didn't matter, there'd be plenty of fabulous places to spend your retirement: a penthouse in Paris. An all-glass modern on the beach in Malibu. Perhaps a small winery in Napa Valley.

See also: How about Costa Rica or France? See the best places for you to retire abroad.

But money does matter. Even as the financial markets limp out of their recessionary funk, many of us are redefining what our "dream" retirement might look like.

Sure, Honolulu has beaches and well-priced pineapples, but few of us can afford its median home price of $550,000. Chicago has world-class dining and lake views galore, though its 9.75 percent sales tax can put those amenities out of reach. Then again, not many of us want to move to a one-stoplight town either, even if it is cheap.

Save Money: Get AARP member discounts on travel, shopping and more

We started our search for the perfect retirement destinations by examining financial data on more than 350 cities across the country. We looked at not only property- and sales-tax rates, median housing price, and cost of living but also the tax rate on pensions and Social Security. Then we added in such criteria as recreation, climate, and arts and culture.

The result: 10 retirement destinations that are affordable and livable.

420_line

CORRECTION: The property tax rates for five cities in AARP The Magazine’s "Best Places 2011" story were misstated in many copies of the September/October issue. The correct rates are as follows: Gainesville, GA, 0.776%; Portland, ME, 1.435%; Tulsa, OK, 0.877%; Winchester, VA, 0.553%; Wenatchee, WA, 1.052%.

Source: Sperling’s Best Places

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Related Video

Retirement Bootcamp: Easing into retirement financially and emotionally.

Tell Us WhatYou Think

Please leave your comment below.


Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

Cereal

Members can download and print coupons for cereals from Kellogg's®.

Grocery Coupon Center

Members can print savings coupons at the Grocery Coupon Center powered by Coupons.com.

membership schwanns discount

Members get double Schwan’s rewards on all online orders from Schwan's Home Service™.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points