15 Safest Places to Retire in the US

As retirement age approaches, you’re probably looking for housing that fits your lifestyle, but also offers a sense of security. Wherever you call home, you want to feel safe, while still living within your means.

Look back: annual overview 2022
Read more: 5 things to do when your savings hit $50,000

GOBankingRates looked at the safest places to retire and then examined how affordable they were. Here are the 15 safest places to retire that won’t deplete your savings.

Sarasota, Florida, USA skyline of downtown on the bay at sunrise.

15. Sarasota, FL

Imagine relaxing on Florida’s coastal beaches without a care in the world. That’s what it’s like to live in Sarasota. Your annual cost of living in Sarasota is approximately $53,653, of which $11,872 goes toward housing.

Take Our Poll: Do You Think You Can Retire at 65?

Florida

14. Port St. Lucie, FL

When you talk about places to retire, you know Florida has plenty of destinations to offer. Port St. Lucie is the spring training site for the New York Mets, so you can attend games during the off-season. The annual cost of living in Port St. Lucie is $52,505.99, of which $10,272 goes towards your annual housing costs.

A colorful gold and purple sunset falls below the horizon at the Fort Myers Beach Pier in Florida, USA.

13. Fort Myers, FL

Another Florida city that promises both safety and affordability, Fort Myers is home to beautiful white sand beaches. Plan to set aside $773,837 in savings to retire comfortably here. The annual cost of living in Fort Myers is $50,524.

The historic center of Melbourne Florida is located on the banks of the Indian River Lagoon.

12.Melbourne, Florida

Yet another Florida city that you can safely call home. Known as The Harbor City, Melbourne offers numerous beaches, fishing spots and golf courses. The annual cost of living is $49,221.10, with housing being about $9,867 of that amount.

Young man cycling on bike path in Bella Vista, Northwest Arkansas - Image.

11. Bella Vista, AR

Bella Vista’s motto is literally “a place to call home”, so why not? There are plenty of hiking trails and golf courses to enjoy, as well as a thriving farmers market. You need about $721,696 in savings to retire in Bella Vista.

Lancaster, up.

10. Lancaster, Pennsylvania

Interestingly, Lancaster is home to one of the oldest Amish communities in the country. Many tourists come for something quieter. Plan to spend $47,604 per year on living expenses. In terms of medical costs, health care will be about $7,887 per year for the average retiree.

Lake Mirror in Lakeland, Florida.

9.Lakeland, Florida

Lakeland is part of the Tampa Bay Area and, as the name suggests, offers many lakes to see. The cost of living per year in Lakeland is $46,040. Plan to allocate $7,873 of that to housing.

View of Pensacola Beach and Gulf of Mexico.

8. Pensacola, FL

Pensacola offers amusement parks for grandkids to visit, plus plenty of outdoor activities like fishing, hiking, and cruises. Pensacola has an annual cost of living of $45,466. To retire in Pensacola, you must have approximately $647,395 in the bank.

Daytona Beach Florida

7. Daytona Beach, FL

Daytona Beach is perhaps best known as the World Center of Racing, so if you like fast cars, this is the place to be. Daytona Beach also offers – you guessed it – beaches, hiking trails, golf and fishing. The annual cost of living is $45,206. Housing is about $6,928 of that.

Sioux Falls is the most populous city in the US

6. Brookings, SD

If Florida isn’t your scene, consider Brookings. The city is home to South Dakota State University and offers plenty of family-friendly events to participate in while your grandchildren are visiting. Plan to save about $605,682 to retire here.

Ocala, Fla

5.Ocala, Florida

Ocala is home to many museums and lakes for you to explore. The annual cost of living is $43,798, and it’s wise to have about $605,682 in savings to retire comfortably here.

Mobile, Alabama Skyline from Cooper Riverside Park.

4. Mobile, AL

Mobile is home to many historic sites, as well as a Mardi Gras festival that is known to get pretty exciting. The annual cost of living in mobile is $43,224. Health care costs the average retiree about $8,204 a year.

Downtown Green Bay - image.

3. Green Bay, WI

If you are a Packers fan, you can move to their hometown and enjoy a safe city with great entertainment. In addition, you will enjoy one of the cities on beautiful Lake Michigan. Plan to save $557,452 to retire in Green Bay.

Illinois-Chicago

2. North Chicago, IL

A suburb of Chicago, North Chicago offers everything the city has to offer, but at a fraction of the price and with heightened security. The cost of living per year in North Chicago is $41,034, and you can plan to put aside $536,595 in savings to retire here.

Sunset over the EJ&E Railroad Trefoil - Matteson Illinois.

1.Charleston, IL

The safest and most affordable place to retire is Charleston, IL. Enjoy Lake Charleston and enjoy all it has to offer on one of the many trails. The cost of living is the lowest on this list: $36,915 per year.

More from GOBankingRates

This article originally appeared on GOBankingRates.com: 15 Safest Places to Retire in the US

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Leave a Reply