Posted by In August 2019, U.S. News published the Top 8 U.S. cities that are most suitable for retirement rental housing.Apartment rent price.
Selling one’s own house after retirement and moving to an apartment for the elderly is currently the choice of many Americans.The advantages of this are obvious:
- No need to take time to take care and maintain the house
- Avoid unnecessary expenses on the house
- The apartment area is better located, usually close to supermarkets, restaurants, hospitals and more municipal facilities
- There is almost no maintenance and repair troubles in the apartment area
Another advantage of choosing to live in an apartment after retirement is:flexibility.If you live in and are not satisfied with the apartment, or if you are tired of staying for a period of time, you can change the place immediately. Many apartments are Movie-In Ready, so there is not much trouble.This flexibility will also help us better adapt and find the most suitable retirement city for ourselves.
How much does it usually cost to rent a house for retirement in the United States?Let’s go back to the topic. According to the statistics from the Bureau of Statistics,In 2017, the average cost of renting a house for people aged 60 and above was $850/month.However, you may not need to spend so much money to retire in the ideal city that suits you.
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RetireGuru©️ Retirement CollegeThe shared article is from the list of the best retirement cities in 2019 selected by U.S. News, and the median apartment rent in these cities is less than $800 per month.Let’s take a look at whether the city we live in is on the list and what the median rent after retirement is.Is our city on the list?
Pittsburgh/Pittsburgh, Pennsylvania
PittsburghThis city may be a "high cost-effective" city,In the 60-year-old and above group, the median rent is only $60 per month.53%Retired people only spend less than 30% of their family income on renting a house.
According to the ranking of the best hospitals in 2019-2020 selected by U.S. News,PittsburghThe UPMC Presbyterian Shadyside Hospital (Presbyterian Shadyside) is rated as one of the best lung hospitals in the United States.The area also has a number of professional sports teams and universities, including Carnegie Mellon University andPittsburghthe University.As for transportation, public transportation is free for residents aged 65 and above.
Grand Rapids/Grand Rapids, Michigan
Art museums and galleries tend to gather in expensive cities, butMichiganOfGrand RapidsIs an exception.There are several art museums in Grand Rapids, includingGrand RapidsThe Art Museum, Frederik Meijer Garden and Sculpture Park, the entire city will also regularly become an art carnival during the "ArtPrize" awards.
The cost of living in this art city is low.In the 60-year-old and above group, the median rent is only $60 per month.47%OfRetired people only spend less than 33% of their family income on renting a house.
El Paso/El Paso, Texas
El Paso is locatedTexasTo the west, opposite Rio Grande in Ciudad Juarez, Mexico City.A recent survey found that the residents of El Paso are very happy.They love what they do every day, their lives are full of motivation, and they are happy to achieve their goals. This may partly be due to the fact that the cost of living in El Paso is the lowest in the country. In the 60-year-old and above group, the median rent is only $60 per month.Half of the retired people spend less than one-third of their household income and spend on renting a house. TexasThere is also no state income tax, which can further control our retirement expenses.
Portland/Portland, Maine
This Portland is not the other Portland.If we are planning to retire in a city with four distinct seasons and ocean climate, and the retirement cost is not high, then Portland, Maine is a good choice.Portland is the most populous city in Maine. Portland is inexpensive and has a large population and is full of vitality.In the 60-year-old and above group, the median rent is $60 per month.More than averageOfRetired people only spend less than 1/3 of their family income on renting a house.
Here is also the location of Southern Maine University, with local specialties of cuisine, fresh seafood, and local ingredients are the highlight.There are restaurants of various price points, and the famous landscape restaurant overlooks the famous rocky coastline of Maine.
Greenville / Greenville, South Carolina
Located between Charlotte and Atlanta, Greenville is a more affordable retirement option between the two major cities. The median cost of renting an apartment in Greenville is $693 per month.More than half (52%) of retirees can easily pay, and the rent is less than one-third of household income.Greenville is located at the foot of the Blue Ridge Mountains. Seniors 65 and older in South Carolina enjoy discounts at the state park. Outdoor activities include 15 miles of hiking trails, bicycle trails, and an 8-acre lake with perch. Snapper and catfish.
McAllen/McAllen, Texas
According to data from the Census Bureau,McAllenThe median rent in the area is the lowest in any metro area in the United States.The median monthly rent paid by retired people 60 and older is only $60.Most elderly people (523%) can easily afford housing, and the expenditure is less than one-third of household income. TexasIt is one of the few states that do not have a state income tax and deserves extra points.According to a survey conducted by Gallup-Healthways, McAllen, Edinburgh and Mission also received high ratings in terms of health conditions, and residents’ life satisfaction was generally high.
Augusta/Augusta, Georgia
This is a paradise for golf lovers,AugustaThe Masters Tournament is held at the Augusta National Golf Club every spring.This university city is also the location of Augusta University, 62 years old and aboveGeorgiaResidents are eligible to attend classes for free.This area is also where the U.S. military is stationed, and the U.S. Army Cyber Center is also here.Augusta combines high quality of life with low cost of living. The median monthly rent for retirees aged 60 and above is US$692, and 49% of retirees’ rental expenses account for less than 30% of their income.
Fayetteville, Arkansas
The University of Arkansas waives tuition and fees for Arkansas residents aged 60 and above.Nearby Dickson Street often has restaurants, live music, entertainment venues and nightlife venues.Low-cost housing rents attract college students and retired people. The median rent here is $669 per month, and 57% of retired people can easily afford renting. Wal-Mart is headquartered in nearby Bentonville, and the retail giant holds shareholder meetings in Fayetteville every year.
Greensboro, North Carolina
Greensboro is a veritable garden city, and many places are free to visit.The swamp garden in Benjamin Park, the Tanger Family Bicentennial Garden, and the Greensboro Botanical Garden are all worth visiting.If we need a little excitement, we can take our grandchildren to the water park to enjoy the coolness in the wet summer.In Greensboro,The median rent of an apartment for retirees aged 60 and above is US$696 per month, and half of retirees’ rental expenses account for less than 30% of their income.
Winston-Salem, North Carolina
The moderate cost of living attracts many people to the Winston-Salem area. Half of retirees spend less than 30% of their income on rent. The average rent for people 60 years and older is US$676 per month. Once the center of the tobacco industry, the Yadkin Valley is now a place where vineyards and winemaking are planted. Retired flowers here have ample opportunities to stroll through the scenic vineyards, spin and sip our favorite wines.Elderly people who like sweets will definitely like this place, here is the famous Krispy Kreme Doughnuts.
With a median rent of less than $800, the top 10 cities in the U.S. for retirement:
- Pittsburgh, Pennsylvania
- Grand Rapids, Michigan
- El Paso, Texas
- Portland, Maine
- Greenville, South Carolina
- McAllen, Texas
- Augusta, Georgia
- Fayetteville, Arkansas
- Greensboro, North Carolina
- Winston-Salem, North Carolina
For about 50% of retirees, the above 10 cities have complete urban environments and municipal facilities. The median apartment rent in 2019 is less than $800, and the average housing expenditure accounts for less than one-third of retirement expenses. It deserves the honor of being voted as one of the 10 best small cities for retirement by U.S. News.In planning and readyretirementIn the past, where was your ideal retirement town in your mind?ourRetirement income planCan we ensure that we have enough income to enjoy retirement?Welcome to visitinsurGuru©️ Retirement College, Discuss and share your ideal retirement life and plans with professional planning agents. (End of full text)
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