2. Naples, Florida
While Florida in general was always the first go-to destination for retirees, Naples for sure isn’t. Why? Given this, it makes sense why many people would choose Naples as their preferred retirement destination. Sadly, depending on the median market price for homes, you might not feel quite so upbeat after spending $698,637.47 for a house.
Furthermore, if you have a car, get ready to spend a lot of time in traffic since Naples is basically “flooded” with people. Additionally, the weather is also not very friendly, and hurricanes are happening frequently during the summer.
3. Miami, Florida
Miami has long been one of the most well-known towns in America, becoming well-known for its vibrant nightlife and sizable Cuban-American population, among other things. While for many individuals, this seems like a terrific deal, it might not work for you as well, especially if you want to live on a budget.
The typical market price for a property in this city is $603,128.78, and the average yearly expense is $80,192.86, making it one of the most expensive US cities to live in retirement.
Budgeting has always been a problem for most of us, but that doesn’t mean we can’t learn how to handle it correctly. If you are also a soon-to-be retiree and you would like to live on a fixed income, we recommend checking out this book called What Every Senior Should Know. For only $14, you will learn the secrets of maximizing your income, minimizing your taxes, and paying less for just about everything!
