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Retiring in the Lone Star State: 15 Texas Cities Where Your Social Security Check Goes Further
Dreaming of a retirement where your dollars stretch further, the weather is warm, and the living is easy? Many retirees are setting their sights on Texas, and for good reason!
The Lone Star State boasts no state income tax, a generally low cost of living, and plenty of amenities that make it a top destination for those aged 65 and over. From accessible healthcare to pleasant climates, Texas offers a comfortable and financially savvy place to call home during your golden years.
If you’re looking to make the most of your average Social Security check (around $2,000), you’re in luck! We’ve rounded up 15 Texas cities where you can truly live comfortably on that budget.
1. Lufkin
Nestled on the shores of Lake Sam Rayburn, Lufkin offers a cost of living that’s 4% below the national average and an average monthly rent of just $903. If you love water activities and bass fishing, this East Texas gem could be your ideal retirement spot.
2. Canyon
In Canyon, you’ll find an even steeper discount on living expenses, with costs 15% lower than the national average and an average rent of $900. This Amarillo-area town provides ample opportunities for outdoor recreation, including desert trails and hiking, meaning less money spent on entertainment. Plus, with Faith Medical Clinic nearby, healthcare access is a breeze.
3. Clute
Want big-city healthcare without the big-city price tag? Clute offers the benefits of being close to Houston’s major medical systems, but with a significantly quieter atmosphere. Average monthly rent here is a mere $728, and the cost of living is 0.3% below the national average, providing a peaceful yet connected retirement.
4. Athens
This charming small town of just over 12,000 residents boasts an average monthly rent of $932 and a cost of living that’s 11% lower than the national average. Near Tyler, Athens is a haven for nature lovers, with the East Texas Arboretum and Botanical Society, local parks, and the historic Texas Theater.
5. Marshall
History buffs and budget-conscious retirees will appreciate Marshall, where the cost of living is an impressive 22% below the national average. While average rent comes in at $873, the overall affordability makes this East Texas town a smart choice for maximizing your retirement savings.
6. Port Arthur
Coastal living on a budget? Absolutely!
Port Arthur offers a cost of living that’s 22% lower than the national average and an average monthly rent of $1,192. Enjoy access to the water and convenient proximity to Beaumont and Houston for shopping and specialized healthcare needs.
7. Weslaco
For those prioritizing financial stretching, Weslaco is a prime contender. Its cost of living is nearly 24% lower than the national average, and average monthly rent is just $819. Located minutes from the U.S.-Mexico border, it’s an appealing option for maximizing your Social Security check.
8. Kermit
Don’t let the average rent of $1,800 deter you – Kermit’s cost of living is a remarkable 27% lower than the national average, making it a strong contender for your golden years. Once an oil boomtown, Kermit now offers tranquil golf courses and state park adventures like birding, camping, and hiking.
9. Bay City
An active lifestyle with a low cost of living awaits in Bay City, a small town strategically located between Houston and Corpus Christi. Here, average rent is only $1,100 monthly, and the cost of living is 21% below the national average. Enjoy kayaking, hiking, and the assurance of Matagorda Regional Medical Center nearby.
10. Henderson
Experience a comfortable retirement in Henderson, a Northeast Texas town known for its annual Heritage Syrup Festival. With a cost of living 21% lower than the national average and an average rent of $836, you’ll find ample outdoor recreation revolving around Martin Creek Lake State Park, perfect for hiking, kayaking, and fishing.
11. Beaumont
Escape the urban rush without losing access to it in Beaumont. This town, located near Houston, offers a small-town feel, a slower pace of life, and a cost of living 22% lower than the national average. With average rent at $930, it’s an ideal spot for those who want to be close to family and major medical appointments in Houston without the daily grind.
12. Arlington
While Arlington’s cost of living is only 3% lower than the national average, its average monthly rent of $1,128 still makes it an affordable option for retirees on Social Security. Its proximity to Dallas is a major draw, offering city amenities without the daily high costs and traffic.
13. Galveston
Craving a beach retirement with historic charm? Galveston, situated on the Gulf of Mexico, delivers.
The cost of living is 4% lower than the national average, and average rent is $1,140. Enjoy beaches, fishing, stunning Victorian architecture, and the lively atmosphere of a popular tourist town.
14. Longview
Head to East Texas, where Longview has become a popular destination for retirees. Known for its excellent healthcare system and specialists, Longview also boasts an appealing average rent of $929 and a cost of living 19% below the national average. Weekends can be spent swimming and kayaking at Lake O’Pines and Martin Creek Lake.
15. Burkburnett
With an average monthly rent of $886 and a striking cost of living that’s 24% lower than the national average, the small Texas town of Burkburnett is an attractive choice for retirees. Enjoy parks, golf, and local restaurants in a quiet, community-oriented setting near the Oklahoma border.
The Bottom Line: Your Retirement, Your Choice
Choosing your retirement location is a pivotal decision that can significantly impact your comfort and financial well-being. From states with no income tax to cities where your Social Security benefits go further, finding the perfect spot should be a top priority in your retirement planning.
Smart Money Moves for Everyone:
No matter your financial standing, there’s always room to improve your wealth and secure your future.
- Boost Your Income: Explore side hustles or legitimate ways to supplement your current earnings.
- Grow Your Savings: Understand your financial position and create a plan.
Consider working with a professional to ensure your retirement funds last.
- Maximize Opportunities: Take advantage of all available senior benefits, discounts, and money-saving opportunities.
Review your car insurance for potential savings and steer clear of money-wasting traps that can quietly deplete your bank account.