Cost of Retirement Living
A recent survey by BankRate shows that approximately 3 out of 5 people aged 50-64 say they would consider a move to a different location upon retirement. If you are looking to relocate in retirement, it is important to take various logistical factors into account, including cost of retirement living, that may affect your decision one way or the other. Some of these factors include:
- Sales, income, death, estate, property and inheritance tax rates
- Quality and cost of housing, healthcare, grocery and utilities
- Climate, geography and value adding social support or activities
- Transportation options, population and crime statistics
Although you should always consider all of these factors in conjunction when deciding whether or not to retire in place, cost of retirement living is definitely an important factor that cannot be overlooked by many retirees. Many retirees consider working temporary or part time jobs, which helps them afford to remain where they currently live, as well as where they would like to relocate.
Relocation Cost of Living Calculator
Because cost of retirement living can play a large part in your decision to relocate, we recommend using our relocation cost of living calculator to help decide whether or not making a move is in your best interest. Our calculator allows you to compare the city and state you currently live in, with where you would like to relocate.
If you would like to explore different part time retirement jobs in the city you currently live, or the city you would like to move, you can do so with our retirement income calculator. You can then enter the information you find into the calculator. This will help you get the most comprehensive estimate of what your cost of living will be should you choose to relocate.
If you would like to explore different part time retirement jobs in the city you currently live, or the city you would like to move, you can do so with our retirement income calculator. You can then enter the information you find into the calculator. This will help you get the most comprehensive estimate of what your cost of living will be should you choose to relocate.