The No. 1 best place to retire is Naples, Florida, according to a recent survey. There’s just one small problem: The average cost of a home is over $1.2 million. And the average income is a lofty $141,000 or so. If that’s too rich for your blood, don’t fret; few retirees could afford it. Good thing there are more cost-effective options lower down on the list. Here are three you’ll want to consider if you have a more realistic retirement budget.
The average home price in South Bend, Indiana is about $151,000, and the average income is around $53,000, according to the latest Best Places to Retire from U.S. News and World Report. It’s a bit small, with only around 105,000 residents, but if you like a small town feel and are on a budget, it could be a great place to start your retirement life.
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