5 Worst Places to Retire If You Have No Savings

4. Seal Beach, California

Insider Monkey Score: 32    

IM Cost of Living Index: 154.5        

Median Home Price: $1,300,000

Average Rent (1-bedroom): $2,496

Seal Beach in California, another worthy destination to retire to, is a bad choice for those who don’t have any savings. The cost of living here is almost 55% higher than the national average, home price is greater than a million dollars, and rents are also out of reach for the average retiree.