|Texas Has a Low Cost of Living,|
But a Few Other Places Do, Too!
Texas is one of the cheapest places to live in the United States. When Kiplinger listed five of the most affordable communities in the US, three of them were located in Texas. If you are trying to figure out how in the world you are going to be able to survive on your Social Security alone, you may want to do additional research on the communities listed below to see if there is one that appeals to you.
My husband and I lived in Texas for over 25 years, and raised our family there. I also sold real estate in Texas, and know a lot about the large, beautiful homes you can purchase there for reasonable prices. We have visited several of the communities on this list, so I have included my own knowledge of these towns, in addition to what Ms. Browne had to say in Kiplinger. Here is her list, along with some basic facts:
Brownsville, Texas was the cheapest place to live, according to Kiplinger. The median household income is about $30,000 and the average home price is $209,000. Brownsville is right on the Texas border with Mexico, but it is also near the Gulf of Mexico and South Padre Island. We took our daughters on a vacation there, and rented a condo in a gorgeous gated community. There are numerous golf courses and sweeping beaches. Because of the proximity to Padre Island, there are plenty of upscale restaurants and hotels. However, rents in Brownsville average less than $700 for a typical apartments, according to the Kiplinger article. There is one thing you should know: you need to be prepared for the fact that it gets VERY hot in the summer. However, the winters are mild and pleasant.
Pueblo, Colorado is the second cheapest place to live and is ideal if you want to be in the mountains. The median household income is about $41,000 and home prices average about $200,000. This city of 153,800 people has a wide variety of activities, and yet is very affordable. The winters can be tough, however, if you are not used to dealing with ice and snow.
Ft. Hood, Texas has a median household income of $46,200 and an average home price of $220,000. This town is about 60 miles north of Austin, and is on the edge of a major military base. As a result, it has an unusually large population of young adults. However, apartments rent for only about $650 a month. The area around Austin is very popular in Texas. Not very far away you will also find Sun City, Texas, which is located in the town of Georgetown. Many Texans like to retire to the Texas Hill Country, as this region is known. It is affordable, friendly and a spot where most people can live comfortably on either their military pay or their Social Security benefits. (Below, you'll notice that Austin, Texas came in number 10 on Kiplinger's expanded list.)
Fort Smith, Arkansas is a charming town on the border of Arkansas and Oklahoma. The median household income is $37,000 and home prices average about $250,000. The average apartment rent is just $500 a month! This is a comfortable Midwestern town that doesn't get as cold as Pueblo, Colorado in the winter, nor as hot as Brownsville, Texas in the summer.
Sherman, Texas came in on the Kiplinger list at number five. This town is about 60 miles north of Dallas, near Denison. Houses average about $220,000 and apartment rents average around $650. I have driven through this sleepy town many times. Although it is not quite as metropolitan as some of the other communities in Texas, you can always drive to the big cities of Dallas, Fort Worth and Arlington if you seek entertainment ranging from Six Flags, baseball games, elegant restaurants, country western bars, and top-notch symphony orchestras!
Rounding out the Kiplinger list of top 10 cheapest places to live in the United States are: Springfield, Illinois; Waco, Texas; Fayetteville, Arkansas; Austin, Texas; and Springfield, Missouri. Of these, Austin, Texas is one of the most popular communities for retirees. With several colleges and universities in the city, as well as being the state capital of Texas, you will find innumerable activities to keep your mind stimulated and your body busy. Sun City - Texas in Georgetown is only about 30 miles north of Austin and is an exceptional retirement community.
If you are interested in more retirement information including where to retire, medical concerns for retirees, financial planning, family relationships and more, use the tabs or pull down menu at the top of this article to find links to hundreds of additional articles.
You are reading from the blog: http://www.baby-boomer-retirement.com
photo courtesy of morguefile.com