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Retiring? Most affordable Cities According to Forbes

By
Real Estate Agent with Remax equity group DRE# 200506219

 

According to a recent study by Forbes Magazine, three of the most affordable cities are in Texas: San Antonio, Houston and Austin.   The study evaluated communities with populations of 100,000 or more.  It evaluated the cost of living, the job market and the average cost of groceries, health care and transportation.   The study was published before today's NY Times editorial by Paul Krugman, The Texas Omen which relates that Texas is facing enormous deficits.  That of course could change the affordability indexes of the state and those cities as taxes and other costs will more than likely rise.. 

Other cities that made the top ten list include Oklahoma City, Pittsburgh, Buffalo and Rochester NY, as well as Nashville,Louisville and Birmingham.

If you are considering retiring to these or another US city it's a good idea to take a trip and check out the area.  You do want to make sure you like the area and the climate suits you, just  to mention a few of the considerations before making a move.  It's also be a good idea to talk to a local realtor (r) while you are there.  They know the neighborhoods and the amenities, distances to downtown, shopping and libraries and are a great resource prior to your final decision to sell at home, and relocate. Call or email me before you travel, and I'll introduce you to a thorough and reliable realtor where you plan to visit.

 

 

Originally published at Alexsandra Stewart, Portland Oregon Real Estate Blog

 

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Comments (6)

Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Alexsandra, there are some states that have lower taxes for retirees and other benefits... then there are some parts of the country where the cost of living is lower... in the end, thought, I think it boils down to family.  Who wants to retire thousands of miles from their family? 

Jan 08, 2011 01:54 PM
Ellen Wright Adams
Academy Mortgage.......We are a Equal Housing Lender - Eugene, OR
LoansByEllen- Licensed in Oregon

Alexsandra: great statistics.  Not planning on retiring soon, but am passing your article on to a few people!  FYI

Jan 08, 2011 01:57 PM
Alexsandra Stewart
Remax equity group - Portland, OR
Broker - Portland Oregon Real Estate

Margaret --that is the choice isn't it? Close or far from family, or lower costs of living.  Sometimes a person can get both -- that's an ideal situation.

Jan 09, 2011 06:25 AM
Alexsandra Stewart
Remax equity group - Portland, OR
Broker - Portland Oregon Real Estate

Ellen -  great hope it is helpful for them.  Forbes does a great job of putting together a variety of statistics like that -- useful for living and planning.

Jan 09, 2011 06:27 AM
Margaret Oscilia
Creative Concepts-Home Staging and Contracting, Salem Oregon - Salem, OR
Home Stager, Salem Oregon

We have several friends who have purchased second homes in Texas and now spending the winters there.  Amazing property values (maybe their gas tax is less than Oregon too).

Feb 21, 2011 01:18 AM
Alexsandra Stewart
Remax equity group - Portland, OR
Broker - Portland Oregon Real Estate

Yes. have heard the same thing, that Texas is very affordbale right now, and know a couple of people who are looking there.  I think their gas is less in general because there is a source nearby. :-)

Feb 21, 2011 08:41 AM