This article looks at the 5 best places to retire in Michigan. If you wish to see our detailed analysis of retirement in Michigan and ideal savings for retirees, you may check out 15 Best Places to Retire in Michigan.
5. Berkley
Insider Monkey Score: 15.11
Livability Score: 91
Median Home Price: $267,400
IM Cost of Living: 100.5
Berkley has one of the best livability scores on our list and its home prices are also extremely appealing for those keen on owning their residence. On the other hand, the town also offers plenty of living communities for seniors, meaning that even seniors who aren’t able to afford a home can find adequate housing facilities.
4. Farmington
Insider Monkey Score: 15.21
Livability Score: 91
Median Home Price: $289,500
IM Cost of Living: 98.5
With one of the highest livability scores on our list, Farmington is one of the best places to retire in Michigan. Farmington is located in the suburbs of Detroit and has many attractions such as its historic downtown and the Riley Park Ice Rink. In comparison to the neighboring Farmington Hills, Farmington city has a lower median home price with a similar cost of living.
3. Midland
Insider Monkey Score: 15.37
Livability Score: 84
Median Home Price: $200,900
IM Cost of Living: 84.4
If you’re looking for a small-town feel mixed with big-city amenities, Midland is one of the best places to retire in Michigan. The city is home to the headquarters of Dow Chemical and Dow Corning Corporation and is considered a hub for emerging technological innovation in Michigan. Moreover, its forest parks provide the ideal setting for post-retirement reclusion.
2. Frankenmuth
Insider Monkey Score: 15.89
Livability Score: 85
Median Home Price: $277,000
IM Cost of Living: 79.2
With its Bavarian influences, the town of Frankenmuth almost seems out of place in Michigan. However, this town offers a chance for retirees to spend their golden years in a comfortable, high-end community. The cost of living in the town is much lower than the national average, and with a solid livability score of 85, it is one of the best places to retire in Michigan.
1. Marquette
Insider Monkey Score: 16.89
Livability Score: 90
Median Home Price: $259,200
IM Cost of Living: 87.5
Although Marquette is prone to having harsh winters, the city is one of the best places to retire in Michigan. It has excellent healthcare, a dense suburban vibe, and outdoor locations that offer chances for skiing and trekking. Furthermore, home prices, although higher than some of the other places on the list, are still relatively affordable.
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