18 Surprisingly Affordable Retirement Destinations You’ve Never Considered Before

Georgetown, Texas

Located in central Texas, about 27 miles from Austin but much less noisy and crowded than Austin, Georgetown is a scenic place with a college town feel, where retirees can live a comfortable and interesting retirement.

Its charm comes from the historic neighborhoods and the more than 200 restored buildings which host many cultural events throughout the year. Housing costs are quite affordable in Georgetown and seniors have access to high-quality medical services.

With no income tax in the Lone Star State deductions on other types of retirement income, no wonder the senior community in Georgetown is so numerous and active.

Fairbanks, Alaska

Winters might be cold in Fairbanks but the midnight sun and the Aurora Borealis, or Northern Lights, are very much worth it. If you’re into winter sports, there’s a lot of snowmobiling, curling, and ice fishing going on in Fairbanks, but the pristine city also boasts various amenities, restaurants and museums.

You might have to pay more for goods and groceries, given the town’s location, but if you become a permanent resident of Alaska, you’ll receive an annual amount, courtesy of the Permanent Fund Dividend. The dividend received in 2020 was around $1,000 a month.