Ready for Retirement? Move to One of These 5 Low-Cost Sports Cities
Today's retirees, according to an article published by Time Business & Money, need between eight and 18 times their final pay (depending on the analyst) to fund their retirement. This means an individual with a household income of $50,000 would need to save between $400,000 and $900,000.
If this tells us anything, it's that analysts are not on the same page about how much we'll need for retirement. To be fair, though, there are lots of tricky variables.
Many of those variables, such as inflation and investment returns, are almost completely out of your hands. Controlling your cost of living, however, is something we can all do.
The fact is we all want to enjoy our retirement free of fear of high medical and housing costs draining our hard-earned savings. So why not move somewhere you can stretch your money as far as it can possibly go?
That doesn't mean spending your retirement in the middle of nowhere. We should all have the opportunity to retire somewhere full of culture, scenic views, and of course, lots of good sports.
It's for that reason, and with the help of PayScale.com, I have gathered some of the most affordable and enriching sports cities the U.S. has to offer.
Each slide below, will have a chart similar to this one:
The blue line suggests the estimated cost of living for the city in question. And the bars represent how much more or less expensive it is compared to other U.S cities. For instance, the cost of living is 38% higher in New York City than in San Francisco.
With that said, check out the slideshow below for five of the best sports towns with incredibly low cost of living.
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