This article takes a look at the 5 cities in the Northeast to retire on $3000 a month. If you wish to check out our detailed analysis on navigating the Northeast, you may go to 15 Cities in the Northeast to Retire on $3000 a Month.
5. Wilkes-Barre, Pennsylvania
Insider Monkey Score: 33
Cost of Living Index: 80.6
Median Home Price: $150,000
Average Monthly Rent: $825
One of the most cost-friendly cities to retire in the northeast is Wilkes-Barre, Pennsylvania. The living expenses in this city are 19.4% lower than the national average. Besides being affordable, the city is also renowned amongst seniors because of all the activities that it offers. There are many parks, rivers, and lakes to explore and relish the outdoor life. The historic architecture adds charm to the city, while the friendly community makes it a comfortable place to call home.
4. Caribou, Maine
Insider Monkey Score: 38
Cost of Living Index: 75.1
Median Home Price: $125,000
Average Monthly Rent: $750
Another nice place to call home in Maine is Caribou. Besides its low cost of living, Caribou is known for its community atmosphere, peaceful lifestyle, and four-season climate. The region around the city is very beautiful, and seniors can enjoy numerous outdoor activities here. Nestled in a cozy community, the city is home to just over 7,000 residents. This intimate size holds particular appeal for many seniors seeking the tranquility and peace, relishing the quiet sunsets and basking in the overall calm that it brings along.
3. Dunkirk, New York
Insider Monkey Score: 41
Cost of Living Index: 75.5
Median Home Price: $97,000
Average Monthly Rent: $680
One of the most affordable lake towns in the US is Dunkirk. According to Realtor, this city is the third-most affordable real estate market for lake properties. Sitting in Chautauqua County, it is revered for its beaches, fishing, wineries, and small-town vibe. For seniors who wish to live in New York but don’t have the budget, this city is a good option to explore. There are many local events and festivals that seniors can enjoy here, too.
2. Olean, New York
Insider Monkey Score: 42
Cost of Living Index: 73.5
Median Home Price: $113,000
Average Monthly Rent: $725
Another strong contender from New York in our list is Olean. Seniors choose it over other cities for its impressive architecture, small-town charm, and proximity to nature. The region around the city is quite scenic, with many forests, hills, and parks to explore nearby. The city also takes pride in its vibrant community spirit, regularly hosting a variety of local events and festivals. Furthermore, Olean cherishes its rich historical background, adding depth and character to the community.
1. Johnstown, Pennsylvania
Insider Monkey Score: 43
Cost of Living Index: 75.7
Median Home Price: $92,436
Average Monthly Rent: $638
One of the most ideal and scenic cities in the northeast to retire on $3000 a month is Johnstown. Situated in Laurel Heights, Johnstown captivates its residents with its breathtaking landscapes and natural beauty. Hills, valleys, and nearby state parks can serve as the perfect day trips, and there are many local festivals and events to enjoy as well.
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