Colorado: Fort Collins
Just 56 miles away from Denver you’ll find the lovely city of Fort Collins. Though the prices of homes are pretty steep, $369,100 to be exact, it’s essential to know that the housing market is considered rather stable. That’s because real estate agents have only seen a 7% increase in the past couple of years.
Renting is a far more affordable option since prices have only increased by 1% in the same time frame.
Fort Collins is not only the best place to move in Colorado with a fixed income, but it’s also a bustling city with many parks, activities and an active art scene, perfect for every taste.
Connecticut: New Haven
In New Haven both options, buying a house and renting, are affordable. With a rise of only 2% in real estate prices, finding a place to call your own won’t be too difficult on a fixed income. Rent prices have gone down over time, with an average price of around $1,599.
This coastal city is the second biggest in terms of population in Connecticut and with that come various advantages, especially in terms of activities, art and culture. In 2014, New Haven was also known as the best foodie city in the U.S. so gastronomy lovers won’t have a hard time making a home here.
Delaware: Felton
Both the lack of taxes on sales and Social Security in Delaware make it the perfect retirement destination for seniors with limited funds. In 2010, the population here was 1,298, making it a cosy town for seniors who want to avoid the hustle and bustle of big cities while building strong community bonds.
In recent years, rent prices have decreased in Felton, making it easy for seniors to focus on other financial needs without worrying about how far they can stretch their retirement income. Home values have only increased by 2% so finding a house shouldn’t be an issue for someone on a fixed income.
Florida: Bradenton
Florida is by and large the most popular retirement destination for most American Seniors. It seems that the combination of warm temperatures, lack of Social Security taxation and bountiful recreational opportunities is what attracts most of us!
In Bradenton in particular, the median home value sits at around $225,200 and has only increased by 2.5% over the last couple of years. Alternatively, retirees can rent a place here for $1,626 per month.
Georgia: Columbus
Retirees with a retirement budget of $1,000 per month should set their sights on Columbus, Georgia. That’s because rent here costs around $896 and prices have only seen a 1% increase year over year. The median home prices which have increased by 4%, sitting at a comfortable $105,800.
Seniors don’t have to give up on recreation and activities in favour of affordability. You’ll have upwards of 50 parks in Columbus if you wish to stay active as well as four senior centres and parks. For even more active retirees there is always whitewater kayaking, rafting, and zip-lining opportunities.
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.