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Examine: Seniors can retire in San Antonio for lower than $50,000 a 12 months | San Antonio

July 5, 2024
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click on to enlarge San Antonio's Alamo is just one of several affordable attractions that makes the Alamo City an attractive place to retire. - Shutterstock / EndeavorMoorePhotography

Shutterstock / EndeavorMoorePhotography

San Antonio’s Alamo is only one of a number of reasonably priced sights that makes the Alamo Metropolis a lovely place to retire.

These seeking to retire on a funds could wish to look no additional than San Antonio, in response to a brand new research by private finance web site GoBankingRates.

After operating numbers, GoBankingRates researchers decided that seniors can retire on a little bit greater than $47,000 yearly within the Alamo Metropolis, making the nation’s No. 27 finest place to retire.

“Housing prices are nearly 25% lower than the nationwide common, at $14,248.36 per 12 months,” the research stated. “The town additionally supplies a wealth of alternatives to go exploring and nice climate to discover in, making it probably the most reasonably priced cities for lively retirees.”

Certainly, retirees will solely want an extra $1,498 month-to-month after social safety to afford to to dwell out their golden years right here, in response to GoBankingRates. That might be why 13% of San Antonio’s 1.4 million individuals residents are over the age of 65.

The one different Texas metropolis to beat out San Antonio on GoBankRate’s record was Lubbock, which ranked because the fifth-cheapest spot to retire. Of us would solely want $42,000 yearly to retire there.

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