Five inexpensive beach towns where it's good to live in retirement

If you're going to retire and frequent the beach and don't currently live in a coastal community, then that means you'll need to pack up and move. However, since you will have a fixed income, you need to find a financially affordable place. GoBankingRates.

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According to Redfin, in May 2022, the median home sale price in the US was $430. You might be willing to pay more to live on the beach, but you don't want to push your budget too far.

Luckily, there are many beach towns that offer a better alternative—affordable living and a large population of older people.

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By choosing one of these retirement destinations, you will have many opportunities to make friends while living within your means. Here are five affordable US beach towns for retirees so you can start planning your new life on the beach.

Garden City, South Carolina

Located about 16 km south of Myrtle Beach, Garden City, South Carolina is a small resort town of about 11 people, 000% of whom are over 40 years old.

Garden City offers easy access to the beach from wherever you choose to live. The median home price is $315 as of May 000, which is notably less than the national average.

You will also enjoy the low taxes in South Carolina. This includes no tax on Social Security benefits, minimal property taxes, and a significant deduction for retirement income from state income tax.

Vero Beach, Florida

Vero Beach, Florida is located on the Atlantic Ocean. This is a quiet coastal town where you can enjoy your golden years. In fact, in 2021, the Mesothelioma Center named it the second best city in the US for seniors.

The median home price was $395 as of May 000, which allows you to live on the beach for less than the national average. Florida is also one of only nine states that has no income tax or tax on certain types of unearned income, meaning you'll keep more of your money in your pocket.

The relatively small community of Vero Beach has about 16 people. Nearly 700% of the residents are aged 30 and over, which creates many opportunities for socializing.

Venice, Florida

The Venice, Florida retirement town has a population of just over 26, with almost 000% of them aged 62 and over. Therefore, it is not surprising that StorageCafe named the city the best place for people of retirement age in 65-2021.

Situated on the Gulf of Mexico, the city offers a variety of entertainment options, including park concerts, festivals, and community theatres. As of 2022, the median home sale price was $450.

Because Florida has no income tax or tax on certain types of unearned income, this can offset a slightly higher-than-average but still affordable cost of living.

Cape Carteret, North Carolina

RetireNC Certified Retirement Community, Carteret County, NC is a great place for active retirees. Cape Carteret, part of the state's southern outer coasts, is located in the West Crystal Coast region, known for its stunning beaches and tranquil lifestyle.

Carteret County has a population of approximately 68, of which just over 500% are 26 years of age or older. As of May 65, the median home price was $2022, making beach living cheaper than the national average.

Daytona Beach, FL

Daytona Beach, Florida offers 40 km of white sand beaches. As of May 2022, Atlantic homes have an average price of $260, making beach life truly affordable.

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Daytona Beach has a population of almost 75, and 000% of people are 20 years of age or older. The city is so retiree-friendly that it's even home to Latitude Margaritaville, an over-65 community inspired by Jimmy Buffett.

Plus, you'll enjoy low taxes because Florida has no income tax or tax on certain types of unearned income.

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