Additional Coverage:
- 10 Arizona Cities To Retire on a Monthly Budget of $1,900 or Less (financebuzz.com)
Arizona: Affordable Retirement Havens in the Grand Canyon State
Arizona has always been a retirement hotspot, attracting those seeking a warm, active lifestyle with its mild winters and stunning scenery. The state’s low property taxes and lack of state tax on Social Security benefits further sweeten the deal.
However, rising costs have made finding an affordable place to retire more challenging. Fortunately, several Arizona cities still offer comfortable retirement living on a budget.
Here are nine Arizona cities where you can retire comfortably for around $1,900 a month or less:
- Sierra Vista: Known as the “Hummingbird Capital of the U.S.,” Sierra Vista offers breathtaking mountain views and a family-friendly atmosphere. With a cost of living 9% below the national average, and housing costs a remarkable 16% lower, this town offers retirees stunning scenery and affordability.
- Douglas: This quiet border town boasts a remarkably low cost of living, 8% below the national average, with housing a full 14% lower. Douglas provides a rich cultural experience and a tight-knit community.
- Bullhead City: Situated along the Colorado River, Bullhead City is a haven for outdoor enthusiasts.
Residents enjoy boating, fishing, and easy access to the entertainment and dining options in Laughlin, Nevada, just across the river. The cost of living is 7% below the national average, with even greater savings on housing and utilities.
- Yuma: A longtime snowbird favorite, Yuma offers a dry climate, relaxed pace, and affordable living.
With a cost of living 4% below the national average and median home prices significantly lower than the national median, Yuma offers excellent value. Numerous senior communities provide amenities like pools and fitness classes.
- Kingman: Located on historic Route 66, Kingman offers both affordability and proximity to iconic Arizona landscapes like the Grand Canyon.
Surrounded by the Hualapai Mountains, it’s perfect for outdoor lovers. The cost of living is 7% below the national average, with utilities also significantly lower.
- Benson: This historic railroad town near Tucson provides small-town charm with easy access to big-city amenities. Surrounded by scenic desert and close to Kartchner Caverns State Park, Benson offers a range of 55+ communities and affordable housing options.
- Coolidge: Coolidge attracts retirees with its sunny weather, desert landscapes, and various senior living options.
New investments and major employers are contributing to a strong local economy. While some costs are slightly above average, housing costs are significantly lower.
- Bisbee: This unique mountain town is known for its artistic vibe and historic charm.
Retirees can explore galleries, attend cultural events, and enjoy the distinctive character of this former mining town. Bisbee offers a lower cost of living and affordable housing.
- Eloy: Home to the Robson Ranch 55+ community, Eloy provides an active and social lifestyle for retirees.
Located near Casa Grande and Tucson, residents have easy access to shopping and entertainment. With exceptionally low housing costs, Eloy offers retirees significant budget flexibility.
Retiring Comfortably in Arizona
These Arizona cities demonstrate that comfortable retirement living doesn’t require a large budget. With low housing costs, tax advantages, and a mild climate, retirees can enjoy a high quality of life in Arizona.
Remember to consider the climate, as Arizona is one of the sunniest states. With proper planning and research, you can find the perfect affordable haven to enjoy your golden years in the Grand Canyon State.
Smart Money Moves for Everyone
No matter your financial situation, there’s always room for improvement. Consider these tips:
- Tackle Debt: Debt can hinder financial progress. Explore options like balance transfer cards and debt counseling to accelerate debt repayment.
- Boost Your Income: Supplementing your income can make a significant difference. Consider a part-time job or other opportunities to earn extra cash.
- Reduce Expenses: Focus on your largest expenses for potential savings. Shop around for better rates on auto insurance or find the right travel credit card to offset vacation costs.
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- 10 Arizona Cities To Retire on a Monthly Budget of $1,900 or Less (financebuzz.com)