Retire In These 20 Beach Towns For Only $40,000 Per Year

By Shannon
Retire In These 20 Beach Towns For Only $40,000 Per Year

So many people picture their retirement lying on a beach. However, finding somewhere to live on a budget can be difficult, let alone on the beach. According to Market Watch, the average retired American lives on just over $45,000 per year.

Considering that most married couples over the age of 65 receive $2,340 per month in social security, this is $28,080 per year in social security checks. So, unless they have a hefty IRA stashed away in addition to their social security benefits, finding an affordable beach town may seem like a pipe dream. Thankfully, these places truly do exist, however. Here are 20 beach towns where it’s actually possible to retire for under $40,000 a year.

The beach at Bay St. Louis, Mississippi. Credit: Shutterstock

20. Bay St. Louis, Mississippi

Bay St. Louis Mississippi is located along the Gulf Coast. It’s a great town for retirees because it has golf courses, hiking trails, fishing, museums, and more. You can visit the Alice Moseley Folk Art & Antique Museum, the Hollywood Casino, the Buccaneer State Park, or the Bay St. Louis Beach.

St. Louis Bay in Missippi. Credit: Shutterstock

According to Area Vibes, renters make a median salary of $28,739 while homeowners make $51,080. So with $40,000 a year, you would land somewhere in between the two. For a married couple, they should expect to budget $1,192 per month on living expenses if they live in Bay St. Louis. This leaves plenty left over to enjoy life.