When facing a tight money situation, some older women respond by moving to a lower-cost location. It’s not an easy decision. In fact, it can be soul-wrenching, because it means leaving neighbors and friends and the home you’ve lived in for many years. But still, the cost of living in one city can be dramatically less than in another.
Relocating to Save Money
Geography affects cost of living
For example: According to Sperling’s Best Places (see link below), the general cost of living in San Antonio, TX, is 51 percent less than in White Plains, NY—and housing is 79 percent less.
If relocating to save money is on your agenda, here are 2 websites that can help you make a good choice:
- Area Vibes: Names 10 cities with the lowest cost of living, plus 51 other low-cost cities.
- Kiplinger: Shows lists of cities: 10 lowest-cost, 5 best for retirees, 10 best for next decade, according to Kiplingers.
Other reasons to relocate
Of course, saving money is not the only reason to consider relocating. Many women 55 or more move to be close to family, to enjoy better weather, or to take advantage of outdoor or cultural opportunities. If you’re thinking about relocating for those kinds of reasons, see Relocating under AskNelly LIFESTYLE.