03 May Market Watch says You can Retire in the Bay on $40K!
Beach lovers with a penchant for old architecture and affordable renovation spaces will love this small town.
On the beach, and on a budget?
That can be a reality for retirees — that is, if they know where to look. The average over-65 household in America drops $49,000 a year on everything from housing to food, according to the Census Bureau. But you don’t have to spend that much and, in fact, can spend far less — and retire to a sunny beach town. (No, really.)
MarketWatch looked at beach towns across America where the overall cost of living was significantly below average, where housing was reasonably priced and where there are plenty of things to see and do. (Though we can’t promise that summers won’t be hot, and your hurricane risk is admittedly elevated.) We found four attractive beach towns where you could spend roughly $40,000 a year and live a decent lifestyle
Bay St. Louis, Miss.
All your friends may be flocking to Florida for retirement, but you may get more for your money — and a gorgeous beach — in Mississippi. One town to consider: Bay St. Louis. “Beach lovers with a penchant for old architecture and affordable renovation spaces will love this small town,” writes Coastal Living magazine, calling it “a mix of Southern grace, mystery and heat.”
After a day on the beaches here — which Travel + Leisure magazine lauds for “soft and buttermilk white” sand — you can nosh on gumbo, po-boys and fresh Gulf seafood, while strolling down the shop-lined Main Street and chatting with friendly, creative-minded locals. And if you get bored with that, you can be in vibrant New Orleans, which is just about 60 miles away, in an hour.
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