This article takes a look at the 5 cheapest beach towns to retire in the US. If you wish to check out our detailed analysis on a beachfront retirement, you may go to 20 Cheapest Beach Towns to Retire in the US.
5. Gulfport, Mississippi
Insider Monkey Score: 55
Cost of Living Index: 82.6
Average Monthly Rent: $959
Median Home Price: $215,000
Mainly viewed as a retirement town, Gulfport appeals to retirees for its serene lifestyle and affordable cost of living. Seniors get to enjoy pristine beaches, deliciously fresh seafood, as well as abundant water-based activities. Not only is Gulfport affordable to live in, but it also boasts modern amenities that seniors can avail. Moreover, the locals are very warm and friendly, making it easier for retirees to integrate into the community.
4. Oscoda, Michigan
Insider Monkey Score: 60
Cost of Living Index: 74.9
Average Monthly Rent: $1014
Median Home Price: $200,000
Oscoda is one of the most affordable beach towns that seniors can retire to in the US. This town provides the ultimate Northern Michigan experience to its residents. It is brimming with pristine beaches, spectacular views, and a plethora of recreational activities. However, it is best known for walleye fishing and hiking trails. The cost of living in this town is 25.1% lower than the national average.
3. Pascagoula, Mississippi
Insider Monkey Score: 63
Cost of Living Index: 83.5
Average Monthly Rent: $772
Median Home Price: $145,000
Another cheap beach town to retire to in the US is Pascagoula, Mississippi. Not only is it affordable for seniors, but it also offers delectable coastal cuisine, sandy shores, and warm gulf waters. The cost of living in this beach town is 16.5% lower than the national average, and the median sale price of a home is well below the national average.
2. Michigan City, Indiana
Insider Monkey Score: 69
Cost of Living Index: 81.6
Average Monthly Rent: $750
Median Home Price: $161,697
Located on the south shore of Lake Michigan, Michigan City is revered for its serene lakeside charm, picturesque Lake Michigan beaches, and welcoming community. Striking the right balance between natural beauty and local amenities, retirees can enjoy a tranquil waterfront lifestyle here, relishing outdoor activities as well as the cultural offerings of the region.
1. Ashtabula, Ohio
Insider Monkey Score: 72
Cost of Living Index: 73.5
Average Monthly Rent: $700
Median Home Price: $165,900
Nestled on the coastline of Lake Erie, Ashtabula is a hidden gem offering spectacular lake views and plentiful recreational opportunities. While it may not be a traditional beach town like those along the ocean, the presence of Lake Erie provides seniors the opportunity for abundant lakeside activities, waterfront views, and a certain coastal ambiance. Residents can enjoy the beaches and recreational offerings along the shores of Lake Erie in the Ashtabula area.
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