10 budget-friendly retirement spots

These cities have a lot of retirement-friendly attributes, including low taxes.

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194Comments
Jun 4, 2014 1:34PM
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Costa Rica is pretty hard to beat....they spend 87% less per capita than the U.S. on healthcare and get better results.  Full government health insurance will run you $75/month and that includes prescriptions and doctor visits.  They are ranked #1 as the World's Happiest Country, with the U.S. coming in at #104 and Canada at #56.  You can live very well for $2,000/month and like a rock star for $4,000/month.  Almost no pollution; a great educational system; and almost everyone is bilingual.  Very low crime, no army, no military and a long-term stable democracy.  Bordered by both the Atlantic (Caribbean) and Pacific Oceans, with mountains in the center of the country, there's a climate for everyone.  Over 25% of the land is protected in national parks and National Geographic ranks it as the "most biologically diverse and intense place on the planet".  What's not to like?    
Jun 3, 2014 7:38PM
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They (Governments)  seem to always have ways to get your money.....Damn politicians, mostly worthless.
Jun 4, 2014 10:43AM
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In most cases, the most budget friendly spot is to retire where you currently are. It's expensive to move. In many cases you'll also have to find a whole new support network of friends. Also, budget friendly might be misleading. At least you have a very good idea of what it takes in the place you've been living.
Jun 8, 2014 5:34PM
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I just want a friendly city where the police actually walk around the city 24 hours a day instead of sitting in their cars looking for seat belt violators. Please tell me if you have one.
Jun 4, 2014 8:42AM
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They forgot to mention that retirees in Alabama don't pay state income taxes. Plus, property tax is one of the lowest in the country and the cost of living is lower here, too.
Jun 8, 2014 7:40AM
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The place you know best, there where your loved ones are....there is where you should retire.
Jun 4, 2014 2:57PM
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Panama City is hotter than the hubs of hell! I retired In Costa Rica 45 minutes from the Pacific and 15 minutes from the mountains. $900 pays my rent for 6 months including cable and internet. $900 a month rent in Panama? No way!
Jun 3, 2014 8:49PM
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Don't come to AZ. Weather is terrible, tax's high, roads suck, nothing to see, stay away.
Jun 4, 2014 10:13AM
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Savannah, GA.  Georgia is phasing out income taxes on retirement income which keeps the working folks paying into the coffers keeping other taxes down - sales and property.  Weather is hot, but it is on the beach.  I need someplace that is near a military installation so Savannah fits the bill.  Old Southern City that has a nice metropolitan feel to it. 

 

 

Jun 8, 2014 5:42PM
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I am out of here! I forgot about the political lurkers who blame all the problems on one party or another. Beware because they are in here just hiding in the shadows. Politics are the same no matter what party you are in. Money talks, b.s. walks.
Jun 8, 2014 3:42PM
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Garbage article, Austin's property tax is totally outrageous!  
Jun 18, 2014 3:38PM
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I just returned home to north Texas from visiting my father in California. I was surprised after comparing both our cost. We are both retired and over 65, both our homes are valued approximately the same $350K. I purchased mine in 1983 and he in 1995, but this is where the similarity ends. In California, he only pays $2250 for property tax I pay $5500. My homeowners insurance has a 1% deductible for an insured value of $450K; he has a $500 deductible for on a $430K value and I pay more with zero claims. His electric cost in the summer is $90 to $150 per month, mine is $175 to $400. My natural gas is $39 minimum, just because I pay for the line to the house, he pays $15 every two months. He pays an average of $3.83 for a gallon of gasoline, I pay $3.59, and however, I could not fined one toll road in his area. I pay tolls going north or south, east and west average $6.00 per 2 gallons of fuel for 50 mile round trip. My cost $6.59 per gallon. Could not find any difference in food or restaurant cost. He pays no state or federal income tax, I pay 11% federal. For a retiree California is far better than Texas.

I also pay 8.25% sales tax in Texas; I believe he pays about the same.


Jun 4, 2014 2:07AM
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Not retired yet, but when I do retire I will stay right here in beautiful Tucson Az. Hot weather and all.
Jun 18, 2014 2:36PM
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How did Panama City worm it's way into the mix? LOL!!!

All are cities...so not for me. I want rural, countryside, solitude! Ten acres, covered in trees...don't want to know, see, hear or smell. my neighbors.

Jun 18, 2014 1:24PM
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As a born and raised Charlestonian I am not sure where they found a budget friendly place to live. If you would like to rent a place with 4 other people like the college students do then you may scrape by.

The outskirts of Charleston are more reasonable but the cost of living is still high compared to many other places.

 

I think I would like to retire to the mountains of North Carolina...somewhere isolated with just me, the family and the horses! Now that sounds like paradise!

Jun 4, 2014 3:48PM
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See that picture?.....all the "pretty" high rises....EMPTY all of them....the monet laundering capital of the world....jejeje....nothing wrong with Panama today.....but not the city....heed the advice....
Jun 4, 2014 8:57AM
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Panama City but nothing in Ecuador?
Jun 18, 2014 2:32PM
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Ms Polyak needs to do her homework, Texas is home to some of the highest property taxes in the USA.
Jun 18, 2014 3:10PM
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Property taxes in Austin, TX are very high.

 

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Has been a long time since I lived in Charleston, SC. At that time it was a war zone...

Am hoping to return someday and find a much different place than what I knew in the 90's. Does anybody know if the Weed & Seed programs and all that Urban Renewal has helped ease tensions?
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