Craving calm waves and serene days? These low-cost waterfront places might be the perfect choice!
Don’t we all dream about a place right on the beach, surrounded by golden sand and the sound of waves crashing near the shore, sunshine all day long, and breathtaking sunrises? There is nothing wrong with retiring on or close to the water. The only drawback is that such a lifestyle is often costly. However, we have encouraging news for you, so don’t give up!
Together with the best real estate experts in town, we’ve made a list of low-cost waterfront locations where you can enjoy an idyllic retirement by the bay, river, or lake without draining all of your retirement funds. Below, you will find their best picks.
Coeur d’Alene, Idaho
Were you thinking about relocating to a French location in Europe, but your budget didn’t seem to “fit” this dream? Well, then you will be happy to learn that Coeur d’Alene, located in Idaho, is one of the top low-cost waterfront places to spend your golden years.
With a vibe similar to the French Riviera, Coeur d’Alene, in addition to being a lovely place to live, is also a great place to invest in real estate. Spending your golden years there doesn’t require you to spend all of your savings. People 60 and older can enjoy boating, fishing, or simply watching the sunset for a median monthly price of $1,232 for a mortgaged home. For retirees with a paid-off home and no mortgage, the monthly cost drops to $405.
In case renting is more cost-effective for you, the median monthly rent in Coeur d’Alene is somewhere around $800.
Duluth, Minnesota
In a few years, Minnesota will be the state where retirees begin to move in greater numbers. For retirees, Duluth in particular has a lot to offer, such as affordable living expenses, secure neighborhoods, and high-quality medical care.
For retirees seeking a little more excitement, there’s also a great arts and culture scene. Real estate experts estimate that the average home price in this area is around $262,257.
