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Yahoo
2 days ago
- Business
- Yahoo
10 Best Places in the South To Retire With $500K in Savings
Half a million dollars might not sound like a fortune these days, but in the South it can go a surprisingly long way. Retirees can stretch their dollars much further thanks to a lower cost of living, but without compromising on a nice quality of life. Whether you're dreaming of coastal breezes, scenic views or outdoor adventures, there are affordable options. Also See: Learn More: To help narrow down the search, GOBankingRates analyzed U.S. cities with data from the 2023 5-year U.S. Census American Community Survey and compiled a list of places to retire in the South with a nest egg of half a million dollars. Here are the 10 best spots. Sebastian, Florida Livability: 83 Annual cost of living: $48,010 Cost of 20 years of retirement (after Social Security): $481,635 Find Out: See More: Cape Canaveral, Florida Livability: 83 Annual cost of living: $48, 831 Cost of 20 years of retirement (after Social Security): $469,038 Discover More: Kerrville, Texas Livability: 81 Annual cost of living: $47,281 Cost of 20 years of retirement (after Social Security): $465,037 New Port Richey, Florida Livability: 80 Annual cost of living: $45,582 Cost of 20 years of retirement (after Social Security): $431,056 Cold Spring, Kentucky Livability: 78 Annual cost of living: $46,023 Cost of 20 years of retirement (after Social Security): $439,896 Explore More: North Port, Florida Livability: 76 Annual cost of living: $45,617 Cost of 20 years of retirement (after Social Security): $431,771 Tavares, Florida Livability: 76 Annual cost of living: $46,079 Cost of 20 years of retirement (after Social Security): $441,014 Orange Park, Florida Livability: 76 Annual cost of living: $46,106 Cost of 20 years of retirement (after Social Security): $441,551 Read More: South Boston, Virginia Livability: 75 Annual cost of living: $30,813 Cost of 20 years of retirement (after Social Security): $135,695 North Fort Myers, Florida Livability: 74 Annual cost of living: $46,377 Cost of 20 years of retirement (after Social Security): $446,976 Methodology: For this study, GOBankingRates analyzed cities cities across the United States to find the best places to retire with $500,000 in savings. Using the 2023 5-year Census American Community Survey, cities with at least 1,000 residents ages 65 and over were identified. Cost of living was determined using Sperling's BestPlaces and the Bureau of Labor Statistics Consumer Expenditure Survey. The average Social Security income was sourced from the Social Security Administration's Monthly Statistical Snapshot. The livability was sourced from AreaVibes and is used to determine the overall quality of life, representing the 'best' places. Cities with 20-year cost of retirement under $500,000 were sorted to show the highest quality of life, representing the best places you can retire with $500,000 in savings. All data was collected on and is up to date as of June 16, 2025. More From GOBankingRates 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on 10 Best Places in the South To Retire With $500K in Savings
Yahoo
5 days ago
- Business
- Yahoo
Kitsap County apartments for rent saw essentially no changes in June
Renters in Kitsap County saw apartment listing prices essentially unchanged from May's average of $1,903, an analysis of new data from Apartment List shows. The average apartment listed for rent at $1,901 in June. Average listing prices in Kitsap County are trending slightly downwards from May's $1,903 price, up 4.4% from this time last year. The data is inclusive of all bedroom sizes, from studios to three-bedroom units, so while it is a good indicator of how rents are moving in the area, it does not include single family homes for rent, said Chris Salviati, senior housing economist for Apartment List. One-bedroom apartments listed to rent at an average of $1,376, nearly the same as May, when they were $1,378. Since last year, one-bedroom rental prices rose 4.3% from $1,319. Two-bedroom apartments listed for rent were basically flat to May at an average of $1,868, compared to $1,870. Since last year, two-bedroom rental prices rose 4.4% from $1,790. Statewide, Washington rental listing prices are on the rise from May's average of $1,776, at $1,789. In Washington, one-bedroom rentals were listed for an average of $1,568, 0.8% higher than May's average of $1,556. Two-bedroom rental listing prices are trending 0.7% higher than May's average of $1,745 at $1758. In Kitsap County, the average apartment listed for rent is 6% above the state average. One-bedroom rentals were 12% below the state average, while two-bedrooms listed 6% above. Nationwide, apartment rental listing prices are essentially unchanged from last month's $1,398. One-bedroom rentals across the nation listed for an average of $1,231, nearly the same as last month, while two-bedroom rental listing prices approximately the same as last month's average of $1,384. In Kitsap County, the average apartment listed for rent is 36% above the national average. One-bedroom apartment rentals listed 12% above the national average, with two-bedroom rentals listed 35% above. The average apartment rental prices used in this report are gathered from Apartment List, which estimates the median rent using median rent statistics from the Census Bureau's American Community Survey and a growth rate calculated from their listing data. Read more about their rent estimate methodology here. The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Apartment List. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu. Our News Automation and AI team would like to hear from you. Take this survey and share your thoughts with us. This article originally appeared on Kitsap Sun: Kitsap County apartments for rent saw essentially no changes in June Solve the daily Crossword
CNBC
20-07-2025
- Business
- CNBC
Retirees are fleeing these 10 U.S. cities—most are in states where you need over $1 million to retire
Start spreading the news: Retirees are moving out of New York City. As well as other major cities, including Los Angeles, Washington D.C., Denver and San Diego, California, according to a June study by SmartAsset, which analyzed data from the Census Bureau's latest American Community Survey. These cities experienced the highest net loss of residents aged 60 and over in 2023, meaning significantly more people in the age group moved out than moved in. While larger cities could have higher net migration numbers because they have more people, what stands out about New York is the scale of retirees leaving: Nearly 24,000 seniors left the city in a single year — more than triple the number who moved in, and more than three times the net outflow of the next-highest city. Four of the top 10 cities retirees left were in California, which had the highest net loss of residents aged 60 and over. The state lost 56,858 residents over 60 in 2023, according to the study. Here are the top 10 U.S. cities retirees fled in 2023, ranked by the highest net outflow of people aged 60 and over. Retirees may choose to move for various reasons, such as being closer to family, enjoying better weather or taking advantage of more favorable tax laws, but a high cost of living can also be a major factor in deciding to leave a city. In September, WalletHub ranked New York City as the priciest city to retire in, and a majority of the top 10 cities that retirees are leaving are in states where you typically need over $1 million in savings to retire comfortably, according to an analysis by GOBankingRates earlier this year. In New York state, you can expect to need around $1.3 million in savings to retire, while in California you'll need about $1.6 million, the analysis says.
USA Today
20-07-2025
- Business
- USA Today
Water and wealth: Here are the 10 richest suburbs in America
New York State, California and Texas are home to eight of the 10 wealthiest suburbs in America, according to a new ranking drawn from Census data. The nation's wealthiest suburb is Scarsdale, in New York's leafy Westchester County, with an average household income of $601,193, according to an analysis released July 16 by the personal finance site GOBankingRates. The Westchester suburb of Rye ranks second, with an average household income of $421,259. No two suburbs are alike, but the cities near the top of this ranking share some features in common. Many are on the water, or near it. Several are college towns. Affluent suburbs tend to sit a good distance from the urban center, but close enough for a sane commute. 'You can stay in your bubble, but also get out of your bubble and still get the things you need,' said Rudri Patel, a senior financial expert at GOBankingRates. The ranking is based on average household incomes for suburbs of at least 5,000 households, according to the 2023 American Community Survey. If you don't see your favorite wealthy suburb on the list, that may be the result of statistical choices that shaped the results. This GOBankingRates ranking considers mean household incomes, which can be skewed by the ultra-rich. Other rankings have looked at median incomes, which are often lower. By median income, the wealthiest U.S. city is Sammamish, Washington, a Seattle suburb, according to a U.S. News analysis. The median household income in Sammamish is $238,750. Some wealthy suburbs were too small for the GOBankingRate ranking. The Chicago suburb of Kenilworth and the Washington, D.C., suburb of Chevy Chase, for example, have fewer than 5,000 households each. Here are the 10 wealthiest suburbs in America Here are mini-profiles of the 10 wealthiest suburbs in America. Here are the richest suburbs of other big cities Don't see your city or suburb on the Top 10? Here are some other wealthy suburbs attached to big metros.
New York Post
19-07-2025
- Business
- New York Post
This is America's wealthiest suburb where annual household income tops $600K — and it's located in New York state
Big Apple commuter town. Seriously big bucks. Scarsdale has been named America's wealthiest suburb in a new study, with the mean household income exceeding an eye-popping $600,000 in 2023. The tony Westchester town, with a population of 17,723 residents, topped the rich list, compiled by GOBankingRates. The company analyzed suburbs with at least 5,000 households, using data from the US Census, 5-year American Community Survey and the Bureau of Labor Statistics to reach its findings. 3 Scarsdale, New York has been named as the wealthiest suburb in the United States. Getty Images/iStockphoto Scarsdale came out on top by a considerable margin, with the mean household income determined to be $601,193 — more than $150,000 above its closest competitor. Nearby Rye was named as the second wealthiest suburb in the US, with researchers revealing that the mean household income there was $421,259 in 2023. West University Place, a suburb of Houston, Texas, rounded out the top three with a mean household income of $409,677. Scarsdale and Rye were the only New York towns in the top 20. 3 The Westchester town of Rye is the second most expensive suburb in the US. Getty Images/iStockphoto California boasted a whopping 10 of the top 20 wealthiest suburbs in the United States, with many of them clustered around Silicon Valley. GOBankingRates also looked at the average property prices in the wealthiest suburbs, revealing that the swanky New York zip codes offer far better bang for your buck than those in the Golden State. In Scarsdale, for instance, the average home price is $1.2 million. In Los Altos, California (named as the fourth wealthiest suburb with a mean household income of $403,512) the average home price is now a staggering $4.5 million. 3 In Los Altos, California (named as the fourth wealthiest suburb with a mean household income of $403,512) the average home price is now a staggering $4.5 million. Getty Images Meanwhile, a handful of other towns in the tri-state area made the top 50 wealthiest suburbs. Tenafly, Summit and Westfield were the New Jersey towns that made the list, while Greenwich, Conecticut came in at 34th place on the list. There, the mean annual income for 2023 was determined to be $297,081.
