Statistics About The Most Affordable Places To Retire Near Water

In this post, we will explore the most affordable places to retire near water in the United States, based on living costs and median home prices. From Ocean Pines, Maryland, to Gulfport, Mississippi, retirees have a variety of options to choose from that provide both affordability and access to water-front living. Let’s dive into the statistics to find out more about these retirement destinations.

Statistic 1

"Ocean Pines, Maryland is ranked the top most affordable place to retire near water in the United States, with costs of living 6.6% below the national average."

Statistic 2

"Houghton, Michigan comes in second, with living costs 0.5% below the nation's average."

Statistic 3

"Gulfport, Mississippi offers a cost of living that is 14% lower than the national average, providing affordability to retired individuals."

Statistic 4

"Green Bay, Wisconsin, is considered livable with 13% lower costs of living than the national average."

Statistic 5

"Sandusky, Ohio is another affordable place where the cost of living is 18.2% lower than the U.S. average."

Statistic 6

"Punta Gorda, Florida is marked as affordable with the median home price at $199,300."

Statistic 7

"Port Arthur, Texas offers a low living cost that is 20% lower than the national average."

Statistic 8

"Among retirees' preferred destinations for moving, Florida is the leading choice."

Statistic 9

"Cape Coral, Florida, tags a median home value of $222,000 offering affordability for retirees."

Statistic 10

"Over half (54%) of future retirees expect to move at least once during retirement."

Statistic 11

"In a study conducted by Trulia, 62% of retirees prefer homes by the water."

Statistic 12

"Traverse City, Michigan, is marked as affordable with a cost of living 1.2% below the national average."

Statistic 13

"Palatka, Florida is considered one of the most affordable places to retire near water, with an urban area's cost of living at 12% below the national average."

Statistic 14

"Sebring, Florida offers affordable living with a median home price at $141,100."

Statistic 15

"Platteville, Wisconsin is deemed affordable for retirees with its cost of living 8.5% less than the national average."

In conclusion, the statistics presented highlight several affordable places for retirees seeking to reside near water in the United States. Destinations such as Ocean Pines, Maryland; Houghton, Michigan; Gulfport, Mississippi; Green Bay, Wisconsin; Sandusky, Ohio; Punta Gorda, Florida; Port Arthur, Texas; Cape Coral, Florida; Traverse City, Michigan; Palatka, Florida; Sebring, Florida; and Platteville, Wisconsin offer varying degrees of affordability in terms of living costs and housing prices. The data also reveals a strong preference among retirees for waterfront homes, with Florida emerging as a favored destination for retirement living. These insights can guide retirees in making informed decisions when choosing a suitable and cost-effective location for their post-career years.