These Georgia cities are perfect for retiring on a budget. Here’s why
A lot of folks dream of retiring somewhere tropical, and let’s face it, somewhere really expensive. But for many Georgians, retirement goals may need to be a little more practical a little closer to home.
According to a new GOBankingRates report three Georgia cities are among the cheapest places to retire in the country. While none cracked the top 25, the cost of living and retirement readiness make them worth a serious look, especially if you’re planning to stretch your savings.
The report surveyed the 100 biggest cities in the U.S., examining a few factors:
Annual retirement income needed to cover basics like housing, healthcare, groceries, etc.
A senior population over 10%
The livability score from AreaVibes, based on dozens of characteristics across nine categories.
Columbus is #31
Monthly expenses: $1,818
65+ population: 14.4%
Livability score: 64
Most of us know that Columbus is a good place to live, but apparently it’s also an underrated retirement contender.
The cost of living in Columbus is notably less than other cities and housing expenses are 23% lower than the national average, according to Pay Scale. Couple that with lower utilities and transportation costs, and it stacks up to be pretty good for retirees.
Macon is #49
Monthly expenses: $1,857
65+ population: 16.2%
Livability score: 75
With a rich music history and a cost of living that’s 32% lower than the national average, Macon could be kind to fixed incomes.
Macon blends culture and affordability. It’s got charm, it’s got soul, and it’s got room for retirees who don’t want to spend their golden years doing budget math every time they hit the grocery store.
Augusta is #36
Monthly expenses: $1,826
65+ population: 14.8%
Livability score: 64
Yes, Augusta is famous for the Masters golf tournament, but beyond the fairways is a city with a relatively low cost of living, proximity to quality healthcare, and plenty of local events. It’s a solid choice for retirees who want to stay connected to city life without paying city-life prices.
Retirement may seem like a long way off for many residents in this economy, but these results suggest that Macon, Augusta and Columbus are worth considering.
Would you consider retiring here or one of these cities? Did you already retire here and love it? Email me at srose@ledger-enquirer.com or find me on social media.
