This article takes a look at the 5 East Coast cities to retire on $3000 a month or less. If you wish to check out our detailed analysis on navigating the Peak 65 generation, you may go to 16 East Coast Cities to Retire on $3000 a Month or Less.
5. Macon, Georgia
Insider Monkey Score: 33
Cost of Living Index: 76.3
Livability Score: 73
Macon promises its senior residents a high quality of life, stunning scenery, and rich history. The downtown area is quite vibrant, and there is plenty to do to keep busy and entertained. Lake Tobesofkee, located just outside city limits, is the highlight, offering 35 miles of sandy shoreline and opportunities for fishing. Residents get to enjoy all four seasons, a bustling downtown, and a great arts and music scene. The median value of a home in this city is around $223,000; while the cost of living is 23.7% lower than the national average.
4. Winston-Salem, North Carolina
Insider Monkey Score: 34
Cost of Living Index: 84.3
Livability Score: 66
Another popular retirement destination in North Carolina is Winston-Salem. The city is revered for its affordable cost of living, providing seniors the financial flexibility that they need during retirement. Its rich cultural scene, historic charm, and numerous recreational opportunities offer a fulfilling and engaging lifestyle for retirees. Moreover, the community is quite welcoming, there are diverse amenities, and overall the city is a vibrant place to enjoy one’s golden years.
3. Richmond, Virginia
Insider Monkey Score: 35
Cost of Living Index: 95.2
Livability Score: 84
Richmond, the capital of Virginia, has also landed on our list of east coast cities to retire on $3,000 a month or less owing to its good livability, well-rounded retirement experience, and affordable cost of living. Retirees get to enjoy its historic charm as well as all the many modern amenities. There are many green spaces, parks, and similar recreational spaces that seniors can enjoy. Homes in the city are selling for a median price of $350,000, while Zumper notes that the average rent for a one-bedroom apartment is around $1,403.
2. Mauldin, South Carolina
Insider Monkey Score: 38
Cost of Living Index: 91.3
Livability Score: 84
Deemed as one of the safer cities in South Carolina, Mauldin is another nice place for seniors to call home. Homes in the city are selling for a median price of $344,000, while the average rent for a one-bedroom apartment is $1,087. Besides the city’s affordable cost of living, Mauldin offers proximity to Greenville; providing easy access to cultural events, healthcare facilities, and recreational activities. Together with its Southern charm, mild climate, and a range of amenities, Mauldin offers retirees a peaceful and enjoyable retirement experience.
1. Greensboro, North Carolina
Insider Monkey Score: 41
Cost of Living Index: 84.2
Livability Score: 82
Greensboro is one of the best East Coast cities that a senior can retire to. The city is home to numerous fitness and recreation venues, golf courses, and even sidewalks, hiking and biking trails. The median value of a home in this city hovers around $250,000, while the cost of living is 15.8% lower than the national average. All in all, the city is a well-rounded retirement destination due to its friendly community, diverse cultural offerings, affordable cost of living, and access to quality healthcare.
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