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‘Do I really need more sun and more water’ – where can I retire on a salary of $ 40,000 a year?

Where can I retire near the country with $ 40,000 a year from Social Security and pensions?

I like a city located near a large body of water, not an hour’s drive. I prefer the ocean, but the lake will. I don’t need beach activities, but I need a view, a feel for it.

Oh, aside from the beach atmosphere, I also need cultural activities.

I’m in Pittsburgh right now, because I’ve worked here, but even with three big rivers, I feel stuffy. I really need more sun and a bigger amount of water.

I can afford a home for maybe $ 150,000.

Abundant blessings,



I’m glad you’re willing to look at lakes, not just the ocean, because you have more options that way.

Use MarketWatch’s “Where should I retire” toolI have found more likely to have an average home price below $ 200,000 (our lowest type), above water (we defined that there is a marina), and to have average high temperatures on those year 40 in January. I’m not sure what you want to say about cultural activities so I used my last two “must -s” – college town and live music.

Keep in mind that results show government-defined metropolitan and micro-urban areas, which typically include several counties, so you will still need to consider individual communities. Housing costs can also vary due to COVID and flights to beach towns.

You may like other criteria. For example, I have chosen not to choose “below average cost of living”, because I think it is included in the housing selection. You can feel differently, or you can choose it as a “nice to have”. Additionally, the default sorting option at the top of the result is cost of living, low to high, and subject to change.

You may want to select a certain region of the country. You might want it to be warmer. You may want to set a range of summer temperatures, or summer humidity could be a concern.

MarketWatch identifies the tertiary towns as 131 of the top research universities in the country (they are in the Carnegie’s Classification of Higher Education Institutions in R1). You might decide that you don’t need that kind of college town.

Any changes you make will give you different results.

But I understand if you have your heart wanting to be closer to the ocean. Then, lower your housing expectations if you’re thinking of Florida – and be sure to check those HOA charges if you’re going to buy.

Or rent. Leave expensive home repairs to someone else.

Read: Can I afford to retire? Not before you know the answer to this big question

Please spend time in each of your selections before you decide to move out and imagine what your everyday life would be like. Experience the area when the weather is least pleasant. A bad move is a costly mistake.

Here are three options to get you started. All of them are in the states that do not tax state income taxes on Social Security checks.

Stillwater, Oklahoma

A lone fisherman on Lake Carl Blackwell outside Stillwater, Okla.


This selection may come as a surprise, but the area around this nearly 50,000-person university town is among the top results for MarketWatch tool “Where should I retire” when I put your criteria in.

As I’ve written many times, I like college towns because they tend to outperform their weight in terms of comfort. University of Oklahoma fans may like Norman, part of the Oklahoma City metro area, but Stillwater gives you an echo of the more than 24,000 students at Oklahoma State University. Elderly people 65 years and older can check out free classes.

You’ll find plenty of water and entertainment options, from the more modest Boomer Lake (250 acres) in the northern part of town to 3,350 acres Lake Carl Blackwell (run by the university) and 1,155 acres Lake McMurtry in the West. Will that fulfill your water requirements, or is salty air more important?

Praised Livability.com Stillwater’s “vibrant downtown district” says it “was dubbed the home of red earth music, a mix of rock, country, folk and blues”.

The highest temperature in winter is on average about 50 degrees; the highest level in the summer is in the lower 90s.

If you want to visit a larger city, Oklahoma City is an hour south and Tulsa is an hour east.

Realtor.com, like MarketWatch, which is owned by News Corp., says the average listing price for a home in March 2021 is $ 179,950 and calls it a buyer’s market. This is what your local housing market looks like, regardless of you buy or to rent.

Other college town proposals for retirement tools include the area around Fayetteville, Ark. (I have suggested Bentonville is nearby), and Chattanooga, suggestion here. A small university option is Rome, Ga (recommended here), has 30,200 acres of Lake Weiss, about half an hour away.

Read: Here are the 5 most affordable Caribbean islands for retirement – and 2 you should avoid

Mobile, Alabama

Old and new cell phones, Ala.

beautiful images

This city of around 190,000 people is located on Mobile Bay, not on a beach – should that be the ambience of the water you want? Of course, you can push south in Mobile County to get closer to the Gulf of Mexico or even to neighboring Mississippi. But those resort towns may not have the cultural offerings you’re looking for.

In Cell Phone see LoDa ArtWalk every Friday in the city center and what’s going on in the beautiful place Saenger Theater. You’ll also have events at the University of Southern Alabama and be able to take advantage of Lifelong learning opportunities.

Average high temperatures will reach 60 in winter and 90 in summer.

The cost of living in Mobile County is 15% lower than the national average.

Mobile devices, like the Stillwater, seem off course, but housing costs have risen sharply over the past year. The average listing price in March 2021 was $ 174,900. This is what the market looks like now, should it be buy or to rent, again using the Realtor.com listing.

Read: Are you worrying too much about running out of money in retirement?

Jacksonville, Florida

Skyline of Jacksonville and River St. Johns.


This is an extended option as the cost of housing is higher than my other recommendations, and that’s the seller’s market right now.

On the plus side, this city of more than 900,000 has 22 miles of beaches across the Atlantic, so it fulfills your water wish list while its vehicle size you also have your cultural offerings. Start looking for concerts and other concerts now Times-Union Center for the Performing Arts.

US News & World Report ranks the Jacksonville area Ranked 13th among the best places to retire in America Survival notes that “The historic streets cater to the charm and the street art scene keeps things interesting ”. The University of North Florida is here, and residents of the state are 60 years of age or older can check out free classes.

When you want nature, take a ferry across the St. River. John’s head north to the barrier islands and Talbot State Park.

Winter will be warmer in Mobile, and summer highs will be similar.

While the cost of living here is below the national average, housing costs will be an issue for you. Realtor.com says the median home sale price in March 2021 was $ 229,000. So Add price filters to your search to see what’s in your budget. Or take a look rental market.

Add words MarketWatch’s “Where should I retire” column

My retirement income is only $ 16,600 a year, but I want to retire in a beach town ‘where the sky is blue and the water is warm’ – where should I go?

I’m 60 years old and want to retire on a salary of between 800 and 1,200 dollars a month, ideally near the ocean in Mexico – where should I go?

These retirees have left their expensive lives in Santa Cruz, California – and now live on a lake in Mexico on a salary of $ 1,750 a month.

We want clean air and a pastoral life – where should we retire on a budget of 40,000 dollars a year?



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