9 Amazing Places to Retire on a Fixed Income

While the idea of going on a permanent vacation may sound like fun, there are a lot of factors to consider in order to secure the retirement you always dreamed of. Of course, not all retirees have the same idea of the lifestyles that they want to pursue once their careers are at an end. For some retirees, the idea of returning to their hometown and enjoying the warmth of their familiar community is of paramount importance. For other retirees, it may sound more appealing to explore new terrains and try out new experiences that they never had the option of doing while they were working.

Whatever your preference may be, the most important factor for you to consider is that your location of choice is equipped to cater for all your needs, particularly as you get on in age.

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Types of Living Situations to Consider

If you are a healthy person who values privacy, you may want to consider moving into a senior living community that offers Senior Independent Living Apartments. Here, you can enjoy living in your own home, while still having the option of receiving medical support. If you happen to have more serious medical issues, you might want to consider moving into a retirement home or even an assisted living facility. No matter what your needs may be, here are some great locations that are bound to have whatever you’re looking for.

1. Athens, GA

Forbes listed Athens as one of the top retirement destinations across the United States. In addition to its moderate climate, the State of Georgia provides many advantages to senior citizens. This is not limited to deductions in property tax for seniors and even exempting Social Security income from taxation.

This city has a range of recreational activities to choose from, including golf courses, theatres, and cultural events. If you choose to settle in Athens, be sure to check out the city’s downtown area, where there are plenty of heritage Antebellum and Greek Revival buildings to look at in awe. 

2. Boise, ID

Boise, Idaho, provides a satisfying balance between the outdoors and city life. Its large geographical scope means that you will be spoilt for choice when it comes to choosing a retirement community.

This city’s Parks and Recreation department runs plenty of programs to keep retirees up to date and involved in society. Activities include but are not limited to computer classes and tax assistance.  

3. Charlotte, NC

With its many amenities, Charlotte is extremely well-equipped for satisfying the needs of its senior citizens.

This city is renowned for its low cost of living, with health care costing five percent less than on average in the United States. In addition, a plethora of magnet hospitals are available should you need to be treated for a more serious health issue.

4. Clearwater, FL

This tropical paradise has developed a reputation for being one of America’s best beach towns as well as a great place to retire. If you always dreamed of retiring at the coast, then Clearwater may be the place for you.

In addition to its beautiful beaches, Clearwater has a lively and walkable downtown area. With its Performing Arts Center and annual Jazz Festival, this city offers a heap of music and cultural events all year round.

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5. Fargo, ND

Being one of America’s low-populated states, retirees are attracted to Fargo due to the city’s slow-paced lifestyle and affordable cost of living. 

You can easily commute in this city using a car or bike and enjoy the sights of the celebrated Plains Art Museum. If you’re in the mood to travel, hop on a train at the easily-accessible Amtrak station or catch a flight from the Hector International Airport.

6. Green Valley, AZ

This area boasts one of the United States’ largest retirement communities. What’s interesting about Green Valley is that it is not a town or city, but rather a collection of 59 homeowner associations. Most of the residents are retirees.

Green Valley has a moderate climate all year round, while most facilities offer amenities such as pools, golf courses, and exercise centers. It is also a short drive from Tucson, where you can find more shops and restaurants. 

7. The Algarve, Portugal

The southernmost region of Portugal, the Algarve is one of the cheapest areas in Europe. So much so, that you could retire here for $3,000 per month including rent!

This area of Portugal has many ex-pats roaming its streets and provides plenty of golden beaches and restaurants with scrumptious food.

8. Cancun, Mexico

Not only is Cancun close to the United States, but it is also a great option for those who are looking to enjoy a cheap cost of living by making use of a favorable currency conversion rate.

You can live in Cancun for less than $2,000 per month, while also enjoying high-quality healthcare. If you need to see family, you’re just a short flight away.

9. Panama City, Panama

This is yet another city full of ex-pats. Panama’s low taxes and reasonable cost of living have made this city a hotspot for American retirees. All retirees in Panama City can benefit from the Pensionado program, which provides seniors with access to discounts on health care, international flights, and much more. Also, many people here speak English, so having mediocre Spanish should not deter you from this location.

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Ronald K
A hairdresser from Sydney, Australia, Ronald loves writing about anything from fashion to music. He hates to admit but he's also obsessed with movie trailers.