Top 10 affordable retirement destinations to consider in 2024

Top 10 affordable retirement destinations to consider in 2024 (Image: Canva)

Looking to retire in style without breaking the bank? Fortune’s inaugural list of the 25 Best Places to Retire Affordably is the ultimate guide for those seeking a perfect blend of affordability, top-tier healthcare, and vibrant communities for their golden years. From coastal retreats to charming small towns, these destinations provide everything you need for an active, peaceful, and fulfilling retirement.

Whether you’re a beach lover, a history buff, or someone who enjoys the outdoors, these towns offer something for every traveler at heart. Here are the Top 10 Best Places to Retire Affordably in 2024:

1. American Canyon, California

If you dream of waking up surrounded by rolling hills, vineyards, and lush landscapes, American Canyon is the place for you. Nestled in the heart of Napa Valley, this peaceful town offers a serene atmosphere, excellent healthcare, and a warm climate. With an affordable cost of living and easy access to nature, it’s perfect for those seeking a quiet life while still being close to the buzz of California's wine country.

2. Newport, Rhode Island

Steeped in rich history and coastal beauty, Newport is the perfect destination for retirees who want to experience classic New England charm. With stunning beaches, beautiful mansions, and a vibrant arts scene, Newport provides a relaxing lifestyle with easy access to top-notch healthcare. If you love history, the arts, and spending your days by the sea, Newport’s a place to retire that feels like a permanent vacation.

3. Santa Clara, California

Santa Clara offers the best of both worlds: a peaceful community with access to Silicon Valley’s amenities. Surrounded by rolling hills, this city offers retirees a mild climate, excellent healthcare, and the allure of California’s tech capital. Santa Clara is perfect for those who want to experience modern living with all the perks, such as world-class dining, entertainment, and outdoor activities—all without the sky-high costs of nearby cities like San Francisco.

4. Beaufort, South Carolina

For those who appreciate Southern charm, Beaufort offers a picturesque coastal setting brimming with history, scenic views, and a slower pace of life. With stunning waterfronts, historic homes, and a thriving arts scene, this low-cost town offers the perfect mix of relaxation and adventure. Enjoy charming streets, local seafood, and mild weather in a community full of friendly faces—ideal for retirees who love Southern hospitality and scenic beauty.

5. Portsmouth, New Hampshire

If you’re looking for a combination of history, charm, and coastal beauty, look no further than Portsmouth. This quaint New England town offers a rich cultural experience with its walkable downtown, historic homes, and beautiful parks. Whether you’re into strolling along the waterfront, visiting museums, or exploring nearby beaches, Portsmouth’s vibrant arts scene and low cost of living will make your retirement feel like a lifelong vacation.

6. Shoreline, Washington

Located just north of Seattle, Shoreline combines the best of both worlds: a quiet, suburban retreat with easy access to city life. Whether you love hiking in the lush forests, exploring the area’s scenic parks, or enjoying local restaurants, Shoreline offers something for every taste. With affordable housing, great healthcare, and a mild climate, Shoreline is the ideal spot for those who want to escape the crowds without sacrificing modern amenities.

7. Maple Valley, Washington

Nestled in the heart of the Pacific Northwest, Maple Valley is a nature lover’s dream. Surrounded by forests, lakes, and parks, this small town is perfect for retirees who want to spend their days hiking, fishing, or simply enjoying the fresh air. With a low cost of living and a strong sense of community, Maple Valley offers peace and tranquility without compromising on convenience or access to healthcare and essential services.

8. Scarborough, Maine

With its beautiful beaches, charming small-town feel, and affordable cost of living, Scarborough is a hidden gem on Maine’s coastline. This town is perfect for those who love the outdoors, offering miles of pristine beaches and walking trails. Enjoy relaxed days by the shore, discover fresh seafood, and explore nearby lighthouses. Scarborough is an ideal destination for retirees who want to experience Maine’s natural beauty while maintaining access to top-tier healthcare and essential services.

9. Portland, Maine

Portland, Maine, is known for its vibrant arts scene, stunning coastal views, and fresh seafood. This walkable, friendly city offers a low cost of living, making it an excellent choice for retirees. From exploring the charming Old Port district to enjoying peaceful walks along the waterfront, Portland provides a perfect balance of relaxation and adventure. Its thriving arts community, excellent dining, and proximity to nature make it an ideal location for a fulfilling retirement.

10. Lafayette, Colorado

Located just outside Boulder, Lafayette offers the perfect mix of small-town charm and mountain views. Retirees can enjoy easy access to hiking trails, biking paths, and a bustling local food scene. Known for its family-friendly atmosphere, Lafayette is perfect for those who enjoy the outdoors and want to live in a place that fosters a close-knit community. With affordable housing and a relaxed vibe, it’s a fantastic option for an active and fulfilling retirement.

Other Top Places to Retire Affordably in 2024

For even more options, check out destinations like Wellington, Florida, Cary, North Carolina, Santa Fe, New Mexico, and Delray Beach, Florida. These towns offer retirees affordable living, scenic beauty, and access to outdoor activities, healthcare, and vibrant communities.

Ready to retire in one of these dream destinations? From beachside living to mountain retreats, these Top 10 Places to Retire Affordably promise a fulfilling, stress-free retirement full of adventure, nature, and comfort. Don't just dream about the perfect retirement—make it a reality in one of these amazing destinations!