Virginia: Lynchburg
You’ll be saving big if you move to Lynchburg, Virginia. Here, the median home value is $100,000 less than the national average, and what’s more, there has also been a 3% decrease in prices lately!
The recreational scope of this relatively small city is difficult to even wrap our heads around but, to put it simply, you’ll never get bored if you spend your retirement here, no matter what your hobbies are!
Washington: Wenatchee
If you don’t want to pay an arm and a leg to live in the Big Apple, why not settle for the “Apple Capital of the World”? Wenatchee is known for its many orchids as well as affordable prices for retirees who wish to move during their golden years.
Still, this is one of the more costly locations on the list. Housing will cost you an estimated $290,700., likely also due to a 7% increase in the last year. Meanwhile, rent prices have dropped by 4%, so you can expect to pay $1,531 per month as an alternative.
West Virginia: Parkersburg
Located at the confluence of the Ohio and Little Kanawha rivers, Parkesburg is an affordable alternative for most American seniors. In the state’s third-largest city you’ll find that the median home value is at $104,500.
Few other places can beat the rent prices here. At only $860 per month for rent, just think of all the things you could do with the extra money in your pocket. You should also know that prices have gone down steadily over the years, so if you’re still a little while away from retiring, you could see even more modest prices.
Wisconsin: Watertown
If you’re looking for another stable housing market, then you should look into Watertown. Here home values have increased by just 2.5% over the last year.
It’s also the largest city in the Watertown-Fort Atkinson micropolitan area, meaning that you’ll have no trouble finding fun activities around town- with all the spare time you’ll have during retirement, that’s a huge plus!
Wyoming: Riverton
Riverton is the largest city in Fremont County, Wyoming, which is probably just another reason behind the slight increase in home values.
That being said, rent here is relatively cheap. There has been a 6% reported decline, meaning that right now you could find a nice place for yourself for only $1,021 per month.
4 thoughts on “Best Places in Every State to Live On a Fixed Income”
Nothing is said about Medical facilities which are of importance to the elderly.
I’d like to see an article about the best places for people with incomes under $1,000
What is with the “Median” values? A community could have 10,000 homes sold for $200,000 and if one home went for $100, 000 and another for $1,000,000 the median would be $450,000. Median is the half way value and is only used to mislead. It is not an average.
If the financial situation is dire enough that it is life or death, I suppose that these places would be preferable to death. If that is not the deciding factor, I would rather be dead than live in most of these places.