14 places you can retire in the US where the typical home value is less than the cost of a new car
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- When deciding on a place to retire, questions like weather, taxes, and housing affordability all need to be considered.
- We teamed up with Zillow to find US cities where homes are more affordable than the average price of a new car - roughly $37,000.
- Based on median home value, cities in the south and Midwest are the most affordable places to retire.
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Picking a place to retire boils down to a number of factors.There's weather and climate, retiree taxes, access to healthcare, cost of living, and housing affordability to consider. But depending on how much you're saving for retirement, the latter might be the most important item to check off the list. Homes are getting more expensive - the median home value is currently $226,300, according to Zillow.Advertisement
But that's not to say more affordable homes don't exist. We teamed up with Zillow to find some of the most affordable places to retire, where the median home value is less than the average cost of a new car (and therefore the car's current value) - around $37,000, according to Kelley Blue Book. While a few of these cities are located in the Carolinas, most are sprinkled throughout the midwest.
Below, take a look at places you can retire in the US for less than the cost of a new car.
14. Eldorado, Illinois
13. Blair, South CarolinaAdvertisement
12. Princeville, North Carolina
12. Oakwood, OhioAdvertisement
10. Jonesboro, Louisiana
9. Nanty-Glo, PennsylvaniaAdvertisement
8. Society Hill, South Carolina
7. Naoma, West VirginiaAdvertisement
6. Commerce, Oklahoma
5. Nunnelly, TennesseeAdvertisement
4. Earlington, Kentucky
3. Milan, MissouriAdvertisement
2. Montezuma, Indiana
1. Flint, MichiganAdvertisement
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