Retiring and moving to the beach full time sounds like a dream come true. But for some retirees, the shocking price of oceanfront real estate is a real eye-opener. Owning even a small slice of paradise comes at a premium, and that doesn’t even consider other factors like HOAs, maintenance fees, taxes, and the inflated cost of living in resort towns.
But even if you haven’t managed to save several million dollars for your nest egg, it doesn’t mean you have to give up on your dream of having sun-kissed skin and sandy toes all year long. SmartAsset recently released a list of the most affordable beach towns for retirees.
Ahead, check out some of the most affordable beaches where you can put down permanent roots without breaking the budget.
15. Ormond Beach, Florida
- Median home value: $169,900
- Median annual property tax: $1,900
- Median monthly housing cost: $901
Florida, right? But seriously, there are lots of Florida towns on the list for a very important reason: retirees can find their dream homes at affordable prices in this warm and welcoming place. Ormand Beach is a resort destination with a small town feel, with plenty of stuff to do from shopping to restaurants and community events.
Next: Gulfport, Florida
14. Gulfport, Florida
- Median home value: $144,300
- Median annual property tax: $1,184
- Median monthly housing cost: $870
Described as quirky and quaint, this beach town offers a little something for everyone. The Gulfport Art Walk caters to artistic types and collectors alike, while the food and arts festivals throughout the year give a healthy dose of culture.
Next: Gulf Shores, Alabama
13. Gulf Shores, Alabama
- Median home value: $236,600
- Median annual property tax: $774
- Median monthly housing cost: $907
Situated on Alabama’s Gulf Coast, Gulf Shores offers white sand beaches, tasty seafood, golf courses, fishing, and outdoor recreation as adventurous or tame as you like. The housing prices here are a little higher than others on the list, but the taxes are low and the living is good.
Next: Myrtle Beach, South Carolina