GOBankingRates Lists 18 Affordable East Coast Retirement Cities
GOBankingRates Lists 18 Affordable East Coast Retirement Cities

GOBankingRates Lists 18 Affordable East Coast Retirement Cities

News summary

As retirees consider moving to the East Coast, Maryland emerges as an attractive option due to its picturesque landscapes and affordable living. Havre de Grace and Easton are highlighted as ideal towns, offering vibrant communities and reasonable housing prices below the state average. However, a broader analysis reveals that many states, including Maryland, require over $1 million in savings for a comfortable 20-year retirement, with Hawaii being the most expensive at nearly $3.1 million. For those looking to retire on a budget, Pennsylvania offers numerous cities where living expenses can be managed under $3,000 a month. This demonstrates the varying costs of retirement across states, emphasizing the importance of financial planning for prospective retirees. Ultimately, the choice of a retirement location will significantly impact the quality of life and financial sustainability for seniors.

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