Traverse City, Michigan
According to ten real estate agents, Traverse City is one of those low-cost waterfront places to spend your retirement. It is located directly on the shore of Grand Traverse Bay in Lake Michigan. The median monthly payment for a home with a mortgage for retirees is $1,272, while the median monthly payment for a home without a mortgage is $471. People 60 years and older require about $833 per month in median rent.
Still in doubt? The mouthwatering local tart cherries, the well-known film festivals, and, of course, the breathtaking lake views and the Sleeping Bear Dunes National Lakeshore might make you want to relocate to Traverse City and never regret it one bit.
Savannah, Georgia
Savannah is unquestionably your favorite destination, whether you’re inclined to the serene ambiance and mouthwatering regional cuisine or the water-based outdoor activities like kayaking and fishing, which you will be able to do from your backyard. Sounds fun, right?
This lovely city, which is very close to Tybee Island, has endless access to water for a median monthly housing cost of $1,388 or a median monthly rent of $879 for retirees. The cost of housing is about $468 for those who have been fortunate enough to pay off their mortgage.
