Montana: Great Falls
With home prices going up only 2% lately, buying a home in Great Falls ia a real steal for seniors living on a fixed income. You’ll have to pay around $1,197 for rent as an alternative.
Great Falls is not only known for a series of waterfalls in the vicinity, but also for a great arts scene. The Great Falls Symphony, which offers several performances per year, often invites notable artists to join them on stage such as Yo-Yo Ma, Evelyn Glennie, James Galway and Midori to name a few.
Nebraska: North Platte
If you’re looking to relocate and downsize but don’t have $85,300 laying around, you should consider moving to North Platte in Nebraska. Houses here have seen a 2% value growth, so the market is stable, thus ideal for retirees on a limited budget and fixed income.
Not only will you pay around 62% of the national average, but you’ll also be a part of a thriving community of 24,733 people according to the 2010 census.
Nevada: Elko
Good news for those who wish to live in Nevada while avoiding steep housing prices. Rent in Elko has increased by 2% over the past year, yet has decreased as 3% in the previous quarter alone. That’s why not is a good time to start packing your bags. The market is otherwise stable but this sharp drop could save you precious dollars!
New Hampshire: Berlin
No, we’re not sending you across the pond to Berlin, Germany- though wouldn’t that be fabulous? In the state of New Hampshire, known for high quality of life factors such as safety and income levels, you’ll find the city of Berlin, home to 10,200 residents.
Here, you’ll only have to pay around 60% of the national average for a new home, making your retirement cosy, comfortable and affordable.
New Jersey: Absecon
In New Jersey, you could find a home for a jaw-dropping $313,200- definitely not fit for retirees working with a limited income. But in Absecon, you could find a place for half the price or around $159,300, so what’s not to love?
But if you’re more interested in renting as it’ll save you more money in the long run, you should know that prices have gone down by around 1% lately. All in all, it’s a stable market with modest prices.
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.