ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

The Cheapest Places to Retire by Far

Updated on November 9, 2011

The Cheapest Places to Retire

In your retirement planning cost of living needs to be a high priority concern. Retirement planning for both early retirement and later retirement must pay attention to how much it costs to live somewhere. Whether your retirement nest egg was cut down by a third in recent stock market swings or you are simply looking to retire on the cheap so you can retire young, here are some ways to places to make retirement happen cheaper.

The Clear Blue Sea

That's right. One of the cheapest places you can imagine for retirement may very well be the open seas. You can live in the Caribbean or some other highly sought after real estate by simply making your home base a boat. Called cruisers, people who choose this retirement pay much less for their boats than the typical retirement home. They certainly pay less for their boats than they would on beach front property. They go to sleep each night to the sound of the waves. They own two or three outfits (a swimsuit, a casual outfit, and an eating out on the town outfit). They avoid harbor and docking fees by anchoring out in free floating communities in common waters off shore. They simply dry dock in hurricane season and make the rounds to family before hitting the open seas again. Utility bills are nil since a small turbine and a solar panel set gives them the lights they need and hot water for showers. No mortgage, no property tax on a home, and no worrying about leaving behind a home while you are traveling.

The Midwest: A Cheap Place to Retire

The median list price for a home in Peoria, Ill is $120,000. In Palo Alto, CA it is 1.2 million. Is it worth the difference in cost? Maybe. But think of it this way: you could buy a dream mansion in Peoria and regularly hop on a plane for a week in California and still save money over living in California for your retirement. Planning to retire in the midwest is a great way to stretch a thin budget, and make it feel thick. One smaller town (35,000 residents in limits) in central Indiana has a median list price of homes of $69,000 with many 2000 square foot homes available at that price. Think about that and you will realize a hot tub and a bi-yearly trip to warm places during cold months might make the weather a non-issue. Pay someone to shovel your drive and take care of your dog while you are often away and it will still be huge savings for your retirement planning.

Alabama and Louisiana

Sporting some of the lowest property tax rates in the country, Alabama and Louisiana also have access to the ocean and a wide variety of cultural attractions. The warmer climate draws all kinds of snow bird retirees for good reasons. Do not overlooking the coastal south in your retirement planning considerations. It may give you some of the best of both worlds. One of the cheapest places to retire and one of the best places to retire.

International Retirement

Some of the cheapest places to retire without a doubt are not in the United States. Costa Rica, Ecuador, Malaysia, Mexico, or Thailand all offer incredibly cheap places to retire for those in retirement planning mode. Be careful to understand all property ownership laws (especially in Mexico), get a good local lawyer, and have all your plans drawn up carefully. But if you are the adventurous type, but do not want to retire at sea, this is likely the cheapest option for you in terms of life quality per buck that you can find in retirement.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)