Thursday, January 2, 2014

10 Cities Where You Can Retire on $30,000 A Year



1. Daytona/Deltona/Ormond Beach, Fla.-The median home price is $108,900, the median mortgage payment is $416 and the median property tax is $1,161.

2. Pocatello, Idaho-The median home price is $127,500, the median mortgage payment is $487 and the median property tax is $1,179.

3. Bangor, Maine-The median home price is $110,400 in Bangor, the median mortgage payment is $421 and the median property tax is $1,303.

4. Greenville, S.C.-The median home price is $127,600, the median mortgage payment is $487 and the median property tax is $753 in Greenville.

5. Grand Rapids, Mich.-The median home price is $114,200, the median mortgage payment is $436 and the median property tax is $1,830.

6. South Bend, Ind.-The median home price is $82,500, the median mortgage payment is $315 and the median property tax is $846.

7. Erie, Penn.-The median home price is $106,600, the median mortgage payment is $407 and the median property tax is $1,899.

8. Louisville, Ky.-The median home price is $128,200, the median mortgage payment is $489 and the median property tax is $1,116.

9. Sherman/Denison, Texas-The median home price is $79,400, the median mortgage payment is $303 and the median property tax is $1,158.

10. Pueblo, Colo.-The median home price is $102,600, the median mortgage payment is $392 and the median property tax is $765.

From AARP via MarketWatch

2 comments:

  1. As a former resident of Daytona, I'd like to point out a few things about the city. First, it's a great place to live if you're into surfing. Ponce Inlet / New Smyrna Beach has the best break in Florida and one of the best on the east coast. Water temps are manageable and you can drive on the beach. The fishing is pretty good as well.

    A positive for some and a negative for others, the town is riddled with NASCAR fans. Races occur a few times per year at the Daytona International Speedway. Traffic becomes absurd.

    Motorcycle enthusiasts, aka bikers, also flock to the area twice a year during Bike Week and Biketoberfest. I found this to be incredibly annoying as bikers hold the phrase as their mantra "Loud Pipes Save Lives." Sure they do. They also annoy the hell out of the elderly and scare small children.

    On the negative side is the large amount of drug users that riddle the beachside area, along with numerous tourist shops and trinket stores. Nor can I forget to mention Spring Break (a monthlong party for college students) and Black College Reunion.

    There are nice areas around Daytona that might be worth looking into. Ormond Beach to the north and Port Orange to the South. Both these towns are far enough from the aforementioned events but may still be relatively cheap for retirement.

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  2. And the reason they are so inexpensive? [Drumroll]

    Nobody wants to live there...

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