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Where you retire has a big impact on how far your savings will go. đ¸ 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:
đ Groceries
đ Housing and property taxes
đ Healthcare and insurance
đ Transportation
đĄ Utilities and home maintenance
As well asâŚ
đ Discretionary spending like travel and entertainment
đ° A savings buffer for the unexpected
If youâre 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 optionsâwhether thatâs downsizing locally or moving to a more affordable state that supports your long-term goals.
