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

The boardwalk going out to the beaches in Pensacola. Credit: Shutterstock

19. Pensacola, Florida

According to the U.S. News & World Report, Pensacola, Florida, is one of the best places to live in the country. It has beautiful beaches, a walkable downtown area, and a low cost of living. Besides enjoying the beach in the summertime, they have the Pensacola Saenger Theater and the Pensacola Museum of Art, which features pieces by world-famous artists like Andy Warhol and Pablo Picasso. They also have a summer seafood festival, concerts in the park, and plenty of places to go shopping.

The beach of Pensacola, Florida. Credit: Shutterstock

In case you didn’t know, Florida does not have a state income tax. So anything you receive from social security, a part-time retirement job, or withdrawing investments can be done totally tax-free. On average, houses cost just $140,000. Browsing through apartment listings, the average rent hovers somewhere between $800 to $1,500 depending on the number of bedrooms and location.