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Dreaming of Ocean Breezes? Here Are the Top Coastal Towns for Your Golden Years
For many, the idea of retirement conjures images of tranquil days spent by the sea. But with so many beautiful coastlines across the US, how do you pick the perfect spot to plant your roots?
New Second Homes recently set out to answer that very question, ranking the best coastal retirement towns based on a dozen key factors. Their comprehensive analysis considered everything from taxes and healthcare access to safety and climate, highlighting how different regions shine in various areas – Delaware for its tax advantages and safety, North Carolina for its agreeable climate and vibrant culture, and Florida for top-tier healthcare, to name a few.
We’ve distilled their findings into a list of 10 beach towns that should be on your radar, particularly if safety, healthcare, and tax benefits are high on your priority list.
1. Lewes, Delaware
This charming Delaware town is renowned for its historic district and pristine golf courses. Delaware itself boasts a well-deserved reputation as a low-tax haven, and settling in Lewes means you can kiss sales taxes goodbye.
What’s more, Social Security benefits are untaxed, and if you’re 60 or older, the first $12,500 of retirement income is also exempt. Healthcare is a strong point, with Beebe Medical Center recognized nationally for its heart-related treatments.
Plus, with a very low hurricane risk, Lewes offers a secure and serene coastal retirement.
2. Beaufort, North Carolina
Considered one of North Carolina’s finest beach towns, Beaufort provides residents with access to quality medical care through ECU Health Beaufort Hospital, affiliated with East Carolina University. North Carolina features a flat tax rate of 4.25%, with no taxes on Social Security income, inheritance, or estate.
While the city’s overall crime rates are higher than average, the northwest section is notably safer. Hurricane risk here is moderate but manageable.
3. Southport, North Carolina
Southport, home to the Fort Fisher State Historic Site, offers medical services at Dosher Memorial Hospital and the adjacent Southport Health and Rehabilitation Center. Crime rates are lower on the city’s west side, allowing residents to fully enjoy this historic and naturally beautiful coastal community. With a median home price around $370,000 (according to Redfin), it’s considerably more affordable than the national average, and North Carolina offers property tax relief for seniors aged 65 and up.
4. Sarasota, Florida
Sarasota is celebrated for its stunning beaches and a thriving cultural scene. The city receives high marks for its healthcare, particularly the Sarasota Memorial Health Care System and HCA Florida Sarasota Doctors Hospital.
Florida is a tax-friendly state, imposing no state income tax. Crime rates are significantly lower than the national average, with CrimeGrade.org awarding Sarasota an impressive A+ score.
Travel is also a breeze, thanks to the nearby Sarasota-Bradenton International Airport, offering numerous nonstop destinations.
5. Cape Charles, Virginia
This historic, planned Victorian-era community offers a peaceful retreat. While residents will need to travel about 40 minutes to Riverside Shore Memorial Hospital in Onancock, the benefits often outweigh the commute.
Virginia’s progressive income tax caps at 5.75%, and both sales and property taxes are relatively low, with tax relief programs available for retirees aged 65 and older. This small town maintains a stable population of around 1,000 year-round residents, though it sees an increase during peak tourist season.
6. Emerald Isle, North Carolina
Located on the picturesque Bogue Banks barrier island, Emerald Isle is a quiet community known for its pristine beaches, natural beauty, and laid-back atmosphere. With its scenic coastline, marshlands, and proximity to Fort Macon State Park, it promises a tranquil lifestyle.
The town offers both urgent and primary care services through its Med First center. Taxes are favorable, hurricane risk is moderate with its Atlantic exposure, and the local infrastructure is robust.
7. Rehoboth Beach, Delaware
Rehoboth Beach is famous for its lively boardwalk and vibrant nightlife. Retirees here benefit from Delaware’s well-known low taxes.
Both Beebe Medical Center and Bayhealth Hospital are conveniently located in the region. While violent crime rates are low, property theft sees an increase during tourist season, though the southwest part of the city is generally considered the safest.
8. Virginia Beach, Virginia
This military hub is home to both Sentara Virginia Beach General Hospital and Sentara Princess Anne Hospital. Virginia’s lower tax rates make it an appealing retirement destination. The median home price here sits below $400,000, and for those concerned about hurricane season, the Chesapeake Bay provides a natural buffer, keeping the risk low to moderate.
9. Kiawah Island, South Carolina
Kiawah Island boasts some of South Carolina’s most prestigious golf courses. It features MUSC Health Kiawah Partners Pavilion, offering primary care and a free-standing emergency room.
For more extensive hospital services, Charleston is just 20 miles away. South Carolina is known for some of the lowest property taxes in the nation, with no estate or inheritance taxes.
The northern part of the city is considered safer, and the hurricane risk is moderate.
10. Myrtle Beach, South Carolina
A popular tourist destination, Myrtle Beach also provides robust healthcare options, including Conway Medical Center, Grand Strand Health, and McLeod Health. South Carolina generally offers low taxes, particularly property taxes. The southeast part of the city experiences minimal crime, and while hurricane risk is moderate to high, the median home price here is a relatively low investment at around $274,000 (according to Redfin).
The Bottom Line
A coastal retirement can offer a truly relaxing and fulfilling way to enjoy your golden years. The towns on this list present an excellent blend of lifestyle factors designed to make your retirement shine. If you’re nearing retirement, consider visiting a few of these destinations to find the perfect place to call your forever home.
Smart Money Moves for Everyone
No matter your financial standing, there’s always room to improve your finances and grow your wealth. Here’s a quick guide to get you started:
- Boost Your Income: If your budget feels tight, explore side hustles that fit your schedule or discover legitimate ways to keep more cash in your pocket.
- Grow Your Savings: Time and compound interest are powerful allies in wealth building.
Start by understanding your current financial position and then develop a strategic plan. For those aiming for early retirement, working with a financial professional can be invaluable.
- Seize Opportunities: Maximize your senior benefits by taking advantage of all available deals, discounts, and money-saving programs. If you own a car, regularly compare auto insurance rates to ensure you’re getting the best price, potentially saving hundreds.
Conversely, be mindful of common money-wasting traps that can silently deplete your bank account.