If you've been following our posts recently you know we published a list of best beach towns to retire in America. This list is admittedly biased to towns out west (hey we spend a lot of time out there), but each of these beach communities is wonderful in it's own right. The Motley Fool recently published a short-list of friendly boomer cities where retirees can live it up for less. In their best places to retire for less, the Motley Fool included 3 sleepers… Savannah Georgia (love it), Tulsa Oklahoma (interesting choice), and Omaha Nebraska (this works). I wouldn't have thought about the latter 2, if not for some of the context provided. In addition, I like the criteria used to make the recommendations. Here's what these fools (it's Motley Fool for heaven's sake) took into consideration when looking a the best places to retire for less. We also threw in a few suggestions of our own. If you're looking for the best places to retire for less, you should consider the following criteria as you map out your own retirement plans.
When thinking about retirement cities, consider the following criteria
- Cost of Living (including state income tax rate, sales tax rate, and cost of living compared to the average COL)
- Cultural Amenities and Offerings (like museums, parks, theater, and public squares)
- The Employment Rate (a nice barometer of economic stability)
- Is there a University/College nearby?
- Are there senior care facilities, and/or home health agencies adequately serving the area?
- Is it close enough to your kids, your grandkids, and/or your close friends?
For another great list of affordable retirement cities, check out the folks at Grandparents.com. They also published a list of the “6 Most Affordable Places to Retire“. Another nice resource to check out is Sperlings Best Places. They provide demographic info for cities that you may be considered as a retirement destination. If you have other criteria used in making a retirement living choice, let us know in the comments below! We'd love to hear from you.