Where you retire has a big impact on how far your savings will go. đź’¸ According to recent data, the average annual cost of retirement in the U.S. ranges from under $60K in some Southern and Midwestern states to over $120K in coastal states like California and Hawaii.
80K to retire in Washington State
When evaluating a new location for retirement, be sure to factor in the average local cost of:
🍎 Groceries
🏠Housing and property taxes
đź’Š Healthcare and insurance
đźš— Transportation
đź’ˇ Utilities and home maintenance
As well as…
🎉 Discretionary spending like travel and entertainment
đź’° A savings buffer for the unexpected
If you’re over 55 and thinking about relocating to stretch your retirement dollars or simplify your lifestyle, give me a call.
I can help you explore your housing options—whether that’s downsizing locally or moving to a more affordable state that supports your long-term goals.