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. In fact, the Sunshine States shorelines arent the only coastal ZIP codes attracting boomersplenty of folks dont want to live in what feels like a steam room six months out of the year, or they may want to be closer to friends and family elsewhere in the country. 5 Cheap Places To Retire Near The Beach Its home to lots of shopping, plenty of restaurants, nice golf courses, a great sailing scene, and beautiful beaches. 5 Affordable Places To Retire Near the Beach | GOBankingRates This site is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. 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. Weekly groceries for a family of four is about $150 and gas for cooking and hot water is another $25 per month. For example, five beachfront lots near Puerto Angel, just 20 minutes from Mahahual, were recently for sale for $69,000 each. It has a little bit of everything.. Consider these tips when purchasing real estate in another country. But this is one of the best overall areas to live in terms of quality of life. Making up part of the "Treasure Coast," Fort Pierce is a laid-back, residential community that offers beautiful surroundings but less of the activity found at other beach towns farther south. If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. Either way, you have a lot of homework cut out for you in deciding which option suits you best, is the most practical, and is also an accessible option for you, depending on your nationality. Water sports and historic sites are the main attractions here. Get the kids off to school in the morning, help them with homework in the evening.Besides Chelem, there are several other communities along this stretch of coast with good-sized foreign populations, including Progreso, Chuburna, Chicxulub, Telchac Puerto and San Crisanto. NASCAR, headquartered in the area, holds several . Here is International Living's annual list of the world's best places to retire in 2021. If hunting for shark teeth wont keep the grandkids occupied, chances are nothing willbut you could always try taking them to the arboretum or Historic Venice Train Depot, or take them for a boat ride. The city hails itself as The Shark Tooth Capital of the World due to the thick fossil beds that lie right under its gently lapping shores. With exceptional natural beauty and a large variety of biodiversity, the country is rapidly developing while still offering a lower cost of living. Still, Florida isnt the only state hosting great beach cities for retirees. Wilmington Island has a unique position situated quite literally between the best of both worlds. You can visit the beach where Juan Ponce de Len first landed in North America in 1513 near Melbourne Beach or observe and help protect sea turtles at the Archie Carr National Wildlife Refuge, which stretches 20.5 miles between Melbourne Beach and Wabasso Beach. Retirees with a mortgage pay a median of $1,563 per month for housing. Orlando Is America's Top Travel DestinationHow Hard Has Its Real Estate Market Been Hit? San Mateo, California. Naples is more expensive than many other parts of Florida. This South American country offers coastline on both the Pacific Ocean and the Caribbean Sea, so retirees seeking beach living have many options, and the Andes Mountains and Amazon rainforest are nearby for a change of scenery. The 10 best beach towns for retirement - CNBC Median rent: $1,296. For an additional $20,0000, this three-bedroom ranch is available in the Oakwoods. Retirees can get into affordable homes starting at just under $200,000, including this $196,919 two-bedroom in a 55-plus community or this three-bedroom with a whirlpool hot tuband no age restrictionsfor $249,900. They are similar but also have several differences that make them distinct. Historic Lewes has a more natural, small-town feel and (slightly) lower home prices. The cost of living is low, and there are residency options for retirees requiring a monthly income of at least $600. But many people find the high quality of life in Naples to be worth the cost. The company 401(k) is just one option available for building wealth. Welcome to Coastal Dream Life, a website dedicated to helping you achieve your dreams of white sandy beaches and fresh ocean breezes in style. The city is about a 20-minute drive from the Pacific Ocean. How Financial Literacy Changes Once You're Retired. Because of its location to Mississippi and Alabama, the vibe here swings more Deep South than it does Floridian. The overall cost of living is around 38% lower than in the United States, and rent is about 64% lower. Golf, bird watching, camping and dining are among the other activities that visitors and residents enjoy on the Gulf Coast of Texas. Instead, the 55-plus crowd has been seeking out budget-conscious, beach alternatives with plenty of outdoor activities and (often) a temperate climate in which to settle down for good. Perhaps the last two years of pandemic-related upheaval have intensified the dream of getting away from the daily grind to resettle in an ideal place. 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. The cost of living is reasonable, and there are many retirement communities and senior-friendly neighborhoods to choose from, says Latenko. Gulfport is Mississippi's second largest city and enjoys the benefit of being perched right along the Gulf Coast. This year's list of the 25 Best Places to Retire highlights places with affordable homes, low taxes and high ratings for happiness and health care quality. Massachusetts is home to 1,519 miles of coastline, which means plenty of beaches to choose from. Belize offers one of the best retirement programs globally, only taxes on income earned in the country, and retains English as their official language, eliminating language barriers for many. The cost of living and crime, Read More Is It Good To Live In Miami Beach?Continue. This renovated one-bedroom cottage is listed for just $199,999 and this two-bedroom at $225,000. Jacksonville, FL. There was an unknown error. Cookies collect information about your preferences and your device and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Located at the mouth of the Thames River, this seaport citythe second-largest whaling port in the world back in the Moby Dick daysboasts a historic waterfront district that has become the creative hub of the city with art, music, and design venues, unique boutiques, and more than 30 restaurants. For your next good read, how about a book that will help improve your financial future? You won't be getting warm golden days in Eureka. For a comfortable, well-appointed lifestyle, budget US$1,223 a month. Not far from the energy and vibrancy of Seattle, Port Angeles is one of America's great small towns. When it comes to Washington beach towns, Bremerton is one of the most affordable in the state. That includes Toms River, a seaside town thats nestled along the Atlantic Ocean and Barnegat Bay, a rich estuary thats long been a destination for fishing, crabbing, and boating. 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. Gulf Shores is the premiere beach getaway on the Alabama coastline. 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. Cuenca is located just outside the El Cajas National Park, where the snowy peaks of rugged mountains rise up above mirrored lakes. Are there sandy beaches on Capri? 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. Youll also enjoy South Carolinas low taxes. Home of the Daytona 500 and so much more, Daytona Beach, Florida, offers 23 miles of white-sand beaches. Here are seven of the nation's best 55+ communities near a beach. 3 Ways To Recession-Proof Your Retirement. Just like many of you dreaming about a coastal dream life, we can make this a reality through information and inspiration! Best budget-friendly places to retire in 2021: report - CNBC Just an hour from Seattle, Bremerton is a harbor side, beachfront town that provides a quieter escape from the busy city nearby. Most Affordable Beach Towns - 2022 Edition - SmartAsset Loading Top 50 Most Affordable Beach Towns Note: All figures shown are averages in each city. These offers do not represent all available deposit, investment, loan or credit products. Theres still a lot of areas in Hyannis that are very affordable, says Jeanette Neeven, a Realtor with Century 21 Cobb Real Estate. Retirement can be affordable and exciting in these European destinations. Avoid common errors with a Roth IRA that could lead to fees and losses. A new survey finds major disruptors that will change the retirement industry in the next decade. Situated on the Atlantic Ocean, home sales averaged $221,100, as of February 2023, making beach living seriously affordable. The city sits on a barrier island in the Gulf of Mexico, with sprawling beaches (though not necessarily the best in Texas), lively nightlife and a non-stop energy that keeps the Texas Southern students coming in. The city of Puerto. Yes, many people like to retire near the ocean, but why? A beach destination in California that is affordable? Gulf Shores may be more expensive than the rest of Alabama, but it is definitely cheaper than other beach towns in the United States. I'm a Self-Made Millionaire: These Are the 6 Investments Gen X women are now between the ages of 43 and 58, which means retirement is on the not-too-distant horizon for some of them. Shop Pay: What Is It and How Can It Benefit You? While that might rule out a comfortable life in expensive beach towns like Naples, Florida, and Hilton Head, South Carolina, that doesn't mean life by the ocean is out of reach for the average retiree. The Best Places to Retire Overseas | Retirement | U.S. News The location: Mexicos Yucatn Peninsula, where you'll find off-the-radar coastal communities that are so cheap you might not need to work. The panhandle town is not far from the Gulf towns of Mobile and Gulfport. Sixty miles of beaches, water activities, theme parks, restaurants and golf courses that is how vacationers and residents do Myrtle Beach. State's tax rating for retirees: Most Tax Friendly. And as they shift into retirement mode,many are migrating toward the beach. Dunedin, Florida. It has seen its fair share of destructive hurricanes over the decades. The city is a UNESCO world heritage site, and the monthly cost of living can be as low as between $500-1000. Learn about job opportunities that might be a good fit for older workers. Its proximity to Mrida makes it extra appealing. Mississippi's coast is truly beautiful, even though most travelers opt for Florida's Gulf Coast over the beaches in the other Southern states. Choose a minimalistic lifestyle, and a couple could retire here on as little as US$600 a month. 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 small town of Freeport has just over 12,000 residents and a median age of 27 years old. In February, the median home listing price in the U.S. was $386,721, according to Redfin. America is home to some affordable beach towns that come with beautiful stretches of coastline without the hefty price tag. 20 Affordable Beach Cities to Live In (Study 2019) - GOBankingRates Ambergris Caye is a tiny island surrounded by turquoise waters and the longest barrier reef in the western hemisphere. Where to stay: Country Inn & Suites by Radisson. 7 Countries Where You Can Afford to Retire by the Beach - Travel And for many, life by the beach is that ideal. Sugar Sands - Riviera Beach, FL Low $200s - High $600s Sugar Sands is a 55+ condominium community located right off the Intracoastal Waterway. Good quality healthcare is available at reasonable prices, and public transportation in many cities makes a car unnecessary. Hilo is Big Island's thriving core, though you're more likely to find other visitors roaming Kailua-Kona. America is home to some affordable beach towns that come with beautiful stretches of coastline without the hefty price tag. However, the reason why cost of living is so low is because of unpredictable hurricanes, an industrial landscape and summer weather, which can be unbearably hot and humid. Atlantic City, New Jersey. Fresh air, seafood, warm water, fishing, or other water sports, as well as beach walks, are available on your doorstep; you need to find the right place to settle. If you're interested in retiring near the ocean without the humidity of a tropical destination, consider Portland. There are hardly any cars. When it comes to cost of living concerns, it's hard to beat Florida's lack of income tax. Theres really just one town to speak of: Only a small area on the western end of the island has been developed. With coffee shops, great restaurants, cafes, a marina and a thriving Arts District, Bremerton is much more than just a beach town across the sound from Seattle. Lets hit the beach. Every amenity anyone could possibly want or need can be found in Mrida, including sprawling shopping malls, excellent hospitals and even Costco, says Haskins. The headquarters for NASCAR is home to several large motorsports events each year. And homeowners will spend an average of $808 in housing costs each month. Are you thinking of a sunny, cheap cost of living and easy life for your retirement? Express your gratitude and appreciation by picking out a retirement gift for a colleague. Lets find out what you need to consider when deciding between Capri and Anacapri! Gulfport is another hidden gem. In total, a family of four can live on about $1,800 a month. As a Retired Person, Are You Comfortable With Your Monthly Income? Learn how to maximize your Social Security income using an optimal claiming strategy. Median home list price: $145,050. The low cost of living makes it affordable for retirees to live near the beach permanently. Consider these affordable retirement locales in the city, beach and mountains. 4 gorgeous beach towns where you can retire comfortably on $40,000 a One of the safest places to live, this slice of paradise offers sunshine, warm water on your doorstep, and all the benefits of living in the Caribbean. Port Arthur has gone through a revitalization that has resulted in a refreshed downtown. Port Arthur was founded in the late 19th century and, at one time, was the center of the largest oil refinery in the world. Youre not alone. The country has miles of stunning coastline, with plenty of top-class beaches and small islands to explore. Part of the Space Coast, Melbourne has beautiful beaches on the barrier island across the channel. 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. It has active volcanoes, tsunami threats and the highest rainfall in the nation. The former fishing village is bordered by a beautiful marsh shoreline and dotted with wooded areas. This story was published at an earlier date and has been updated with new information.