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When it comes to living the lifestyle that they have imagined, today's retirees often have to make sacrifices. But it does not have to be like that.
According to a new report, some of the best places to retire are also the most affordable, which means it's possible to enjoy your golden age in sunny Florida or Arizona and still live within the limits of your means.
First, GOBankingRates compiled a list of the best retirees suburbs, which looked at neighborhoods with at least 1,000 households and ranked them by taxes, living expenses, retirement income, and quality of life.
Then, taking into account rent, utilities, groceries and health expenses, the personal finance site found the overall annual income needed to live there.
In the end, some of the best places to retire were also among the most affordable.
The Sun City, Arizona, suburban city of Phoenix, which has an average monthly rent of $ 1,196 and the lowest cost of living, tops the list. The total annual income required for retirement, including groceries, transportation, health care and utilities, is only $ 33,926.
According to a separate study by Northwestern Mutual, Americans saving for retirement have an average of $ 84,821 in savings.
In fact, it's more than enough to afford each of the first places.
Here is exactly the amount you will need in the top 10 suburbs for retirees:
1. Sun City, Arizona, a suburb of Phoenix
Total annual revenue required: $ 33,926
2. Fairfield Harbor, North Carolina, suburb of New Bern
Total annual revenue required: $ 34,319
3. Green Valley, Arizona, a suburb of Tucson
Total annual revenue required: $ 34,353
4. Timber Pines, Florida, a suburb of Tampa
Total annual revenue required: $ 35,142
5. Sunset Beach, North Carolina, a suburb of Myrtle Beach
Total annual revenue required: $ 35,219
6. Mesquite, Nevada, a suburb of Las Vegas
Total annual revenue required: $ 35,718
7. Bermuda Run, North Carolina, a suburb of Winston-Salem
Total annual revenue required: $ 36,138
8. Sappington, Missouri, a suburb of Saint-Louis
Total annual revenue required: $ 36,162
9. Lady Lake, Florida, a suburb of Orlando
Total annual revenue required: $ 37,021
10. Pecan Plantation, Texas, a suburb of Dallas
Total annual revenue required: $ 37,340
(The study was conducted before flood waters of the storm Florence threatened communities across the Carolinas, including Fairfield Harbor and Sunset Beach.)
A previous report from GoBankingRates compared the average spending of people aged 65 and over, including grocery, housing, utilities, transportation, and health, to the lifetime of a million of dollars.
Similarly, thanks to the low cost of living and the abundance of affordable housing, the dollars were highest in the southern Midwestern states such as Mississippi, Oklahoma and the United States. Arkansas.
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