Best Places To Retire On The East Coast

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Lake Success New York

Best Place to Retire On The East Coast

– Population: 3,119 – Median household income: $177,500- Median home value: $1,194,200 – Median rent: $3,501

The name Lake Success is brimming with positivity. A village town in Great Neck, it is also a hub for the medical field while still being close enough to New York City.

– Population: 1,752 – Median household income: $73,558- Median home value: $417,900 – Median rent: $1,986

Hillsboro Beach, located on a peninsula between the Intracoastal Waterway, is just 3 miles long and 900 feet wide. The mainly residential town is a paradise for beach lovers who delight in sea turtle sightings and lighthouses.

– Population: 6,140 – Median household income: $141,856- Median home value: $983,600 – Median rent: $1,479

Pelican Bay, a luxury community in Naples, is the ultimate spot to retire. Surrounded by 88 parks and leisure areas, its peerless amenities include an electric-powered tram system and exclusive access to lifestyle activities including golf, tennis, sailing, and fine arts.

Where To Retire In Watersound

Most people headed to this area are probably going to be interested in Latitude Margaritaville Watersound.

The list of amenities coming to Latitude Margaritaville Watersound is very similar to what weve seen in other Latitude Margaritaville communities. Home prices range from the $200ks to the $400ks.

You can request more information about the community here.

Best Place For Half Back Retirees To Live On The East Coast

Halfback retirees have thought about retirement and Florida but have opted to retire in a state that is further north and offers mild temperatures while still enjoying the changing of the seasons. North Carolina offers half-back retirees a happy medium between the diverse seasons experienced in the north, and the mild winters enjoyed in Florida. North Carolina also offers exceptional access to healthcare with multiple state-of-the-art research universities.

Whether you want to live near the coast or live amongst the mountains, North Carolina truly has it all. Residents and visitors in North Carolina enjoy some of the most beautiful landscapes in the entire country. Wilmington is a wonderful place to retire but can be extremely busy and be overrun with tourists during the summer. If you are a half-back retiree who wants to live near the beach in North Carolina, consider making River Landing your new home in the southeast.

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Where To Retire In Palm Coast

There are several communities in the area that would appeal to a retiring baby boomers active lifestyle, with single-family homes and condos that range in price from the mid $100s up to over $1 million.

One community I discovered recently is Matanzas Lakes, an age restricted community in Palm Coast with just over 100 homes. Another one, American Village, has just 45 homes but also has 96 condos, which I know a lot of people are looking for.

The Best Places To Retire On The East Coast

The Best Retirement Spots on Florida

If your dream retirement involves a beach, one of these cities will probably work for you.

Everybody has their own vision for retirement, but many people seem to agree on warm weather and great views.

Its not surprising, then, that many popular cities for retirement are coastal locations in lower latitudes.

Heres a look at some of the best places for retirees to live on the East Coast.

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Consider The East Coast

When thinking of retiring on the East Coast, most people turn to Florida. The Sunshine State rightfully deserves to be near the top of any list for retirees.

Florida is the fifth most tax-friendly state in the country, according to Kiplinger. The weather is great, the culture is vibrant, and the retirement communities are some of the best in the country.

Georgia also deserves recognition as an emerging retirement option. Its weather is comparable to Florida, and its more affordable according to Bankrates table. Social Security income is exempt from state taxes. Retirement income is also exempt up to a specific amount of money:

  • $35,000 for ages 62 to 64
  • $65,000 for 65 or older
  • $130,000 for couples.

Retirement income includes pensions and annuities, capital gains and so much more. This is why Georgia is growing in popularity among retirees. But theres another state that is quietly surfacing as a diamond in the rough.

North Carolina is one of the best places to retire in the U.S., not just on the East Coast. Bankrate places the Tar Heel State as seventh overall in the country. Its lowest rank in any category is 33rd, for wellness. But only Florida and Nebraska rank 33rd or better in all categories.

The beaches are underrated, the culture and entertainment value are gaining traction, and its one of the most affordable states you can find. Dont underestimate North Carolina as a destination for retirees.

Where To Retire In Ocala:

There are a handful of 55+ communities in Ocala, but two in particular stand out among the crowd.

The first is On Top of the World. Leisure amenities here include 54 holes of golf on three courses, indoor and outdoor swimming pools, tennis courts, a private R/C flying field, bocce, racquetball and basketball courts, fitness center, health club and spa, restaurants, cultural venues, and much more. Residents can also participate in over 175 clubs, leagues, hobbies, and lifelong learning opportunities.

There are 23 floor plans available with prices ranging to suit every budget starting from the $200k’s. You can request more information about On Top of the World right here.

The other Ocala area community you should check out is Del Webb Stone Creek, which is right next door to On Top of the World. It has all of the amenities most people have come to expect from Del Webb communities. Very few new Del Webb’s in Florida have golf courses, but Del Webb Stone Creek does. You can learn more about Del Webb Stone Creek here.

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Where To Retire In Daytona Beach

Latitude Margaritaville is a new 55+ community in Daytona Beach, inspired by the lifestyle and music of Jimmy Buffett.

Amenities include a fully outfitted gym / Spin Room, aerobics room with virtual personal trainer, indoor whirlpool spa and lap pool, Latitude Town Square where youll find the Bandshell with live music, The Last Mango Theater includes a banquet hall with stage for performances and dancing, Barkaritaville Pet Spa, Coconut Telegraph Business Center, Latitude Bar & Chill Restaurant, Changes in Attitude Bar, Paradise Pool with beach entry, cabanas, and tiki huts, plus, an amenity that you dont see every dayyour very own private beach club! Home prices start in the $200ks.

Where To Retire On The Nature Coast

Top 5 BEST Places To Live On East Coast Of Florida [#1 is Growing Fast!]

Just a short drive from Tampa, the Villages of Citrus Hills is a Florida Retirement Community with single family homes and maintenance free villas that have been built with todays demanding baby-boomer in mind. But what makes the promise of Florida Retirement in the Villages of Citrus Hills truly come together for todays new breed of active adult retiree is its extraordinary collection of world-class community country club amenities and extensive social activities. A wide variety of homes and homesite packages are available.

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The Best States To Retire In 2021

According to Bankrates study, Georgia is the best state to retire, followed by Florida, Tennessee, Missouri and Wyoming. Maryland, on the other hand, held last place in our ranking. The state was dragged down by a lack of affordability and by mediocre scores on culture and weather.

Why should retirees pull the moving van off Interstate 75 and unpack in Georgia? Affordability is one big selling point. The state combines a low cost of living and a light tax burden to rank No. 3 in affordability.

Weather is another strong point. The state has an average annual temperature of 64 degrees, fifth-warmest in the nation. Earthquakes are rare, and tornado risk is about average. The one downside is hurricanes Georgias small coastline puts it at risk of tropical cyclones.

Georgia places in the middle of the pack in our rankings of wellness and crime. The states only weak spot is in the culture category the Peach State has one of the nations lowest percentages of over-65 residents, and it ranks near the bottom in arts and entertainment establishments per capita, based on a Bankrate analysis of Census data.

The rest of the top five:

Southern Shores North Carolina

– Population: 2,899 – Median household income: $96,553- Median home value: $465,200 – Median rent: $1,914

In North Carolina’s Outer Banks, Southern Shores is 1 mile wide and 4 miles long. Along with natural splendor, the coastal area boasts beaches, golf, and dining and is close to two major shopping centers.

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The Palm Beaches Florida

As one of the best places to retire in Florida, The Palm Beaches is featured on our 2022 list of the best places to retire in the country. Known for its white sand beaches, palatial estates, golf, and watersports, theres something for all retirees here. If you love to play golf, you get your choice of more than 160 golf courses in the area. Baseball afficionados get to enjoy spring training, as MLB teams descend on the city each year. The Palm Beaches is a great place to retire if you want to soak up the warm Florida sun and enjoy the finer things in life along the Atlantic Ocean.

Florida Government Exemps Cigars From Taxation

Best Places To Retire On The East Coast

An amusing fact about this state is the exemption of cigars from all taxation. This unusual policy is due to the sunny states long history as a cigar-manufacturing location. Other sin taxes are:

  • Cigarettes: $1.34 a pack
  • All other tobacco products: 85% of the wholesale price
  • Beer: $0.48 per gallon
  • Wine: $2.25 per gallon
  • Liquor: $6.50 per gallon

There is also an oddball tax exemption for purchasing youth bicycle helmets, booster seats, and other motor vehicle safety restraints. Thats an excellent perk for seniors who want to spend some quality time with their grandchildren.

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Trent Woods North Carolina

– Population: 4,050 – Median household income: $90,119- Median home value: $237,800 – Median rent: $1,292

Residents of Trent Woods can enjoy a quiet town with easy access to amenities in neighboring communities. The small North Carolina town sits right alongside the Trent River and enjoys all four seasons.

Visit Floridas Naples And Venice

Have you dreamed of visiting Italy and feeling the Mediterranean vibe? In the Sunshine State, it is possible to catch a glimpse of the Italian culture if you visit these two places named after their more famous Italian namesakes. The town of Venice is located south of Sarasota and nearly 60 percent of its inhabitants are older residents. They have the opportunity to enjoy downtown walking, hunting shells, and spending time with their friends and pets on beautiful shores.

Naples, with its magical architecture and plenty of retirement centers and medical institutions, is among the best places in the country to retire in.

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How To Choose A Retirement Location In Canada

Youâre going to have your own preferences when it comes to the best place to retire in Canada.

This could be anything from the temperature to the number of hiking trails near you. You may have already created an intensive checklist to help you find your retirement location.

Your personal preferences are just the beginning. Youâre also going to need to stay within your budget. Living in Vancouver, BC on the west coast of Canada may be highly desirable but can you afford it on your budget?

Here are the top considerations when it comes to finding the best place in Canada to retire.

Where To Retire Near Palm Beach

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Cresswind Palm Beach at Westlake is an active adult community located in Westlake, FL between Wellington and Palm Beach Gardens. The clubhouse offers residents a place to gather and participate in social activities facilitated by a full-time Lifestyle Director.

Outdoor amenities include pickleball & tennis courts, walking trails, resort-style pool and spa, resistance pool, dog park, event and entertainment areas.

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The Palace Group In Miami

65 years old and over residents of Miami enjoy the special offer to ride public transit for free. The average home price ranges between $407,242. The Miami Palace Group, designed gorgeously, caters to residents looking to socialize and stay physically active.

This amazing new community features a stunning selection of a fitness center, a heated pool, a library, restaurant-style dining facilities, and clubs.

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The 5 Best Places To Retire On The East Coast

Retirement when the biggest decision of each day is whether you want to play a round of golf, or take a stroll on the beach. If retirement is on the horizon for you, you may be carefully considering where you want to spend your golden years. Whether you prefer white sand beaches or majestic mountain ranges, read on to discover the best places to retire on the east coast.

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Biltmore Forest North Carolina

– Population: 1,473 – Median household income: $180,781- Median home value: $910,400 – Median rent: $1,083

Tucked into the Blue Ridge Mountains, Biltmore Forest is less than 3 square miles in size, offering a quaint respite from the hustle and bustle of nearby Asheville. When price is not a factor in the buying decision, beautiful real estate and an affluent community awaits retirees here.

– Population: 3,388 – Median household income: $69,279- Median home value: $330,100 – Median rent: $1,284

For those who enjoy the energy and accommodations of a university town, Pantops is just 4 miles from the University of Virginia. For easy travel, local bus routes can transport residents to nearby Charlottesville and its commuter airport that connects to larger airports.

– Population: 10,557 – Median household income: $97,055- Median home value: $380,700 – Median rent: $1,366

The quiet town of Timonium is about 20 minutes away from Baltimore. The quaint suburb is close to Towson, which has abundant shopping centers, entertainment options, and eateries.

Where To Retire Near Amelia Island

Best Places To Retire On The East Coast

Del Webb Wildlight is a new 55+ community scheduled to open soon in the Amelia Island area. For those who plan to travel frequently, the community is only about 15 minutes from Jacksonville International Airport. You can expect to see the same types of homes and amenities offered in other Del Webb communities here in Florida.

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Garden City South Carolina

– Population: 10,669 – Median household income: $44,862- Median home value: $145,800 – Median rent: $1,062

A tax-friendly area for South Carolina retirees, Garden City is blooming with many reasons to retire there, not limited to golfing, fishing, shopping, and sandy beaches.

– Population: 1,400 – Median household income: $114,583- Median home value: $1,017,100 – Median rent: $1,261

Dolphins, birds, and beaches are just some reasons retirees flock to Rehoboth Beach, Delaware. Only about 1 square mile, the popular beach area has a small-town feel and was named as a best place to retire by the AARP.

– Population: 5,573 – Median household income: $102,143- Median home value: $715,000 – Median rent: $1,730

If retiring to a world-famous beach is on your bucket list, be sure to check out Siesta Key in Sarasota. Crescent Beach on Siesta Key boasts a popular sand beach. Mild weather, no income taxes, low property taxes, and 99% pure quartz sand are just a few more benefits.

– Population: 13,479 – Median household income: $54,778- Median home value: $232,600 – Median rent: $972

An annual pineapple festival is held each year in Jensen Beach, once known as “The Pineapple Capital of the World.” Located between Fort Pierce and West Palm Beach, this coastal town offers endless shopping and seafood restaurants galore.

– Population: 3,885 – Median household income: $115,219- Median home value: $591,500 – Median rent: $2,325

Accessibility To A Doctor

If youâre relocating and need to find another doctor, itâs important that you can get one. Even in smaller towns, there may be a waitlist to get your own doctor.

If you canât find one, youâll be thrown back and forth having to explain your medical conditions to different doctors you see. Itâs important for retirees to have a medical facility and doctors accessible.

The concentration of doctors and how many people live in your desired area is something to take into account so you can get medical care when you need it without any hassle.

Some places are better than others and weâre going to add this important information to our list of the best places to live in Canada.

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Where To Retire In Boynton Beach:

Valencia Grand in Boynton Beach offers truly premium 55+ living unlike anywhere else, with a prime South Florida location, sophisticated country-club lifestyle, and all-new unmatched amenities. Valencia Grand takes sophisticated living to the next level with one-story home designs made for 55+ living with stand-out features including expansive high ceilings, transom windows that let in even more Florida sunshine, impressive gourmet kitchens, spa-like baths, spacious outdoor living areas and more starting from the $900k’s.

Why You Can Trust Bankrate

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Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. Weve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.

Bankrate follows a strict editorial policy, so you can trust that were putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.

Our reporters and editors focus on the points consumers care about most how to save for retirement, understanding the types of accounts, how to choose investments and more so you can feel confident when planning for your future.

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