Everything may be bigger in Texas, but this doesn’t have to include your cost of living , especially in your retirement. If you are seeking to move to warm weather when you finally get to stop working, it may come as a relief to your wallet that there are still affordable options in the Lone Star State.
Check Out: 5 Places in America To Retire That Are Just as Cheap as Mexico, Portugal and Costa Rica
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GOBankingRates recently did a study to find the best places where you can retire for less than $50,000 a year. It might surprise you to find big cities listed such as the Dallas-Fort Worth area, but here are some key features of Fort Worth costs for retirees for everything from monthly mortgage payments to annual expenditure estimates:
- Total population: 924,663
- Population of people aged 65 and up: 93,747
- Average home value: $309,142
- Average monthly mortgage payments: $1,854.80
- Average monthly costs of expenditures: $1,885.85
- Average monthly costs after Social Security: $1,876.13
- Total estimated annual cost of expenditures: $22,630.18
- Total estimated annual cost of expenditures after Social Security: $22,513.50