Retirement can be viewed as a period of relaxation, looking back on years of hard work. But many cities in America are making the dream more difficult to realize with high home prices, health care costs, taxes and everyday costs. Undertaking fixed income to support retirement is becoming increasingly difficult at locations once labeled ideal. Whether in high-tech hot spots or favorite coastal areas, affordability is an important issue. These cities are also good places for seniors to live, but many people opt to move elsewhere to find better deals and increasing financial stability, which also doesn’t diminish their quality of life.
Miami Costs Climb
While Miami’s sunny beaches continue to look great, an exploding home market, including rising mortgage costs, insurance premiums and everyday expenses, are increasingly challenging retirement for those on fixed incomes.
San Francisco Squeeze
In the wake of high property values and some of the highest living costs in the country, many are discovering they are unable to afford the lifestyle they had envisioned when retiring.
Seattle’s Rising Bills
With current robust economic growth, both home values and rental fees have risen and, other services and healthcare continues to rise at a steady pace.
Los Angeles Lifestyle
Senior-oriented amenities and the charm of warm weather draws seniors to a community, but above-average housing costs and the rising cost of getting from place to place can be a massive expense drain on retirees’ budgets.
Austin’s Price Boom
Austin’s tremendous population growth has turned the city into a high cost of living area, as its taxes and home prices both rise and impact long-term affordability.
Denver Gets Costly
It’s becoming less affordable, as home values and daily costs rise, while outdoor beauty and active living are important to retirees.Rising home prices and living costs, coupled with outdoor beauty and activity, are turning the city less affordable for retirees.
Nashville’s Fast Growth
Over time the city’s popularity has been reflected in increased prices and rent and less financial benefit for retirees.
Portland’s Higher Living Costs
Although Portland may still have some beauty, more and more residents are beginning to have to move to other areas for a better, more affordable move into retirement.
