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Dreaming of a beach retirement without emptying your nest egg? It’s totally doable!
Plenty of charming coastal towns offer the laid-back lifestyle you crave without the hefty price tag. These hidden gems boast sunny skies, welcoming communities, breathtaking scenery, and plenty of affordable ways to stay active and happy.
Whether you’re meticulously planning your retirement or just letting your imagination run wild, these seven destinations prove you don’t need a fortune to enjoy life by the sea. All offer comfortable living for retirees on a budget of $1,700 a month or less.
Pensacola, Florida: Southern Charm Meets Coastal Bliss
Pensacola offers the best of both worlds: pristine white beaches and a vibrant city scene. Nestled in the Florida Panhandle, this coastal gem boasts sparkling turquoise waters, fantastic shopping, and diverse dining options.
With no state income tax and no taxes on Social Security benefits, your retirement dollars will stretch further. Median rent sits at a comfortable $1,449, leaving plenty of room in your budget for enjoying the sunshine and relaxed pace of life.
Freeport, Texas: Coastal Tranquility on a Budget
Freeport is a peaceful Gulf Coast haven perfect for retirees seeking tranquility without breaking the bank. This close-knit community of just over 10,000 residents offers a relaxed atmosphere and stunning natural beauty.
Spend your days fishing or simply basking in the sun on Bryan Beach. With a median rent of just $780, Freeport offers exceptional affordability.
Atlantic City, New Jersey: Beachfront Excitement and Affordability
Looking for a retirement filled with energy and ocean views? Atlantic City combines beachside living with non-stop entertainment.
Famous for its iconic boardwalk, expansive beaches, and casinos, this resort town is also surprisingly budget-friendly. A popular retirement destination with a significant senior population, Atlantic City offers a cost of living below both the national and New Jersey averages.
Median rent comes in at $1,533.
Bay St. Louis, Mississippi: Relaxed Gulf Coast Living
Bay St. Louis is a cozy Gulf Coast town where retirees can savor coastal living without overspending.
Unwind on the beach, explore the charming town, or take a short trip to nearby New Orleans. With housing costs significantly below the national average and low grocery prices, Bay St.
Louis offers a comfortable and affordable retirement. Mississippi’s tax-friendly policies, including no tax on Social Security benefits, sweeten the deal.
Median rent is approximately $1,041.
Aberdeen, Washington: Pacific Northwest Charm
Dreaming of a West Coast retirement without the West Coast price tag? Aberdeen might be your perfect match.
Located along the Chehalis River and near the beach, this town offers picturesque scenery, a walkable downtown, and a welcoming small-town atmosphere. With a median home price under $300,000 and affordable monthly expenses, Aberdeen is an attractive option for retirees.
Median rent is around $753.
Crescent City, California: Golden State Beauty on a Budget
Crescent City is a hidden gem for retirees seeking affordable coastal living in California. Nestled on the state’s stunning North Coast, this town boasts beautiful beaches perfect for peaceful strolls.
With a small, close-knit community, Crescent City offers a welcoming atmosphere and a cost of living significantly below both the national and California averages. Median rent is approximately $1,146.
Port Arthur, Texas: Gulf Coast Affordability
Port Arthur provides retirees with scenic Gulf Coast living and exceptional affordability. Enjoy miles of natural beach at nearby Sea Rim State Park, or take a day trip to Houston.
With no state income tax and no taxes on Social Security benefits, Texas offers a financially attractive retirement landscape. The median home price makes Port Arthur a budget-friendly choice.
Median rent is around $1,219.
Making the Most of Your Retirement Budget
Retiring by the sea doesn’t have to break the bank. These charming towns prove you can enjoy the coastal lifestyle on a budget. And with so much natural beauty to explore, you’ll find yourself spending more time outdoors and less on expensive entertainment.
No matter your financial situation, there are always ways to optimize your finances. Consider these tips:
- Tackle Debt: Paying down debt frees up more money for your retirement. Explore options like balance transfer credit cards and debt counseling.
- Boost Your Income: Supplement your income with a part-time job or side hustle.
- Reduce Expenses: Look for savings opportunities in your biggest expense categories, such as auto insurance and travel costs.
Shopping around can make a big difference.