Consider the Location
Think about the type of environment you’re more suited to. You might want to settle in an urban area with easy access to dining, entertainment and cultural activities or a suburban location that will be quieter and more private.
There’s no need to shy away from a big city — many have neighborhoods that are especially friendly to the over-65 crowd. Are you currently a northerner who dreams of retiring to a warm, southern climate? Have you always wanted to live near the mountains or by the water? Pinpointing the type of day-to-day lifestyle you want will help you narrow down your choices.
Next, look at the places that are the least expensive or the most retiree-friendly. A recent GOBankingRates study recently found that Cleveland, Ohio, is the least expensive place to retire, with annual expenditures of just $38,147. If you’re looking for a bigger city, Buffalo, New York comes in third at $40,624.
