Don’t retire in San Francisco
If you want to live your retirement years admiring the Golden Gate Bridge, make sure your retirement budget can live up to the challenge of living in San Francisco. That’s because senior citizens usually spend an average of $150,000 a year on annual expenditures. In addition, the median list price of $1.25 million is as eye-popping as it can be, and definitely not for anyone’s budget, Golden Bridge or not.
Instead, opt for Sacramento, California
A much more affordable option lies just inland of San Francisco and offers people aged 65 and older much more reasonable costs, whether it’s living or housing costs. The median list price in Sacramento is $312,000, less than a quarter of the one in San Francisco. Not only that but the average senior expenditure $63,413.76 a year, which gives you plenty of room to save. If you need more incentives, just know that Sacramento is the home of a famous restaurant that contributed to Sacramento winning the title of America’s Farm-to-Fork Capital.