5 Affordable Places to Retreat Near the Beach

Richard McGuirk/Getty Images/iStockphoto

Richard McGuirk/Getty Images/iStockphoto

You are preparing for your retirement and you want to go to the beach – possibly every day. Not currently living in a coastal community means packing and moving.

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Living near the beach has been your dream for years. However, since you have a steady income, you need to find an affordable place.

According to Realtor.com, the average listing price for a home in the US was $435,000 in August. You may be willing to pay to live on the beach, but you don’t want to stretch your budget too much.

Thankfully, there are plenty of beach towns that offer the best of both worlds — affordable housing and large senior populations.

Choosing one of these retirement hotspots offers plenty of opportunities to make friends while living within your means. Here’s a look at five affordable beach towns in the US for retirees to help you plan your new beach life.

Denis Tangney Jr / Getty Images / iStockphoto

Denis Tangney Jr / Getty Images / iStockphoto

Garden City, South Carolina

Garden City, South Carolina, located about 10 miles south of Myrtle Beach, is a small resort community with a population of about 11,000 — and 40% of residents are 65 and older.

Covering approximately 5.5 square miles, Garden City offers easy beach access from anywhere you choose to live. The median home selling price in May 2022 is $315,000, well below the national average.

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You’ll also enjoy South Carolina’s low taxes. This includes no taxes on Social Security benefits, minimal property taxes, and a notable deduction of retirement income from your state income tax.

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CG Photos / iStock.com

CG Photos / iStock.com

Vero Beach, Fla

Located on the Atlantic Ocean, Vero Beach, Florida is a quiet seaside town in which to enjoy your golden years. In fact, it was named the second best city in the US for elderly health by the Mesothelioma Center in 2021.

The median home selling price as of May 2022 was $395,000, allowing you to live on the beach for less than the national average. Florida is also one of nine states that have no income tax or tax on certain types of unearned income, meaning you can keep more of your money in your pocket.

Vero Beach is a relatively small community of approximately 16,700 residents. Almost 30% of residents are 65 years and older, which creates many opportunities for socializing.

Jim Schwabel / Shutterstock.com

Jim Schwabel / Shutterstock.com

Venice, Fla

Venice, Florida is a haven of tranquility and has a population of just over 26,000 – almost 62% are 65 and older. So it comes as no surprise that the city was named the top destination for snowbirds by StorageCafe 2021-22.

Located on the Gulf of Mexico, the city offers plenty of entertainment, including concerts in the park, festivals and community theater. As of 2022, the median home selling price was $450,000.

Since Florida doesn’t have an income tax or a tax on certain types of unearned income, this can offset the slightly higher-than-average — but still affordable — cost of living.

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DawnDamico/Getty Images/iStockphoto

DawnDamico/Getty Images/iStockphoto

Cape Carteret, North Carolina

A certified retirement community by RetireNC, Carteret County, North Carolina is a great place for active retirees. Part of the state’s southern outer shores, Cape Carteret is located in the Western Crystal Coast region, known for stunning beaches and quiet living.

Carteret County has a population of approximately 68,500 residents, of which just over 26% are 65 years of age and older. As of May 2022, homes had a median selling price of $398,000, making beach living cheaper than the national average.



Daytona Beach, Fla

Daytona Beach, Florida, home of the Daytona 500 and many more, offers 23 miles of white sandy beaches. Located on the Atlantic Ocean, home sales in May 2022 averaged $260,000, making beach life truly affordable.

Daytona Beach has nearly 75,000 residents – and 20% of the people are 65 years and older. The city is so retiree-friendly it’s even home to Latitude Margaritaville, a Jimmy Buffet-inspired 55-plus community.

Plus, you’ll enjoy low taxes because Florida doesn’t levy an income tax or a tax on certain types of unearned income.

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Please note: photos are for representative purposes only. Unless otherwise noted, all data is from Redfin and the US Census Bureau. All information is correct as of July 11, 2022 and is subject to change.

This article originally appeared on GOBankingRates.com: 5 affordable places to retire near the beach

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