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Tag Archives: America

Cost of a Comfortable Retirement in America

Posted on November 28, 2019 by NREIA Posted in News

Cost of a Comfortable Retirement in America

Saving for retirement is on the minds of most Americans, however what that retirement looks like and how much it costs varies across the nation.  The folks over at howmuch.net say that some parts of the country are “friendlier on the wallet” than others when it comes to retirement. In fact, recent data they’ve researched shows the the average amount of money a retiree will need to retire “comfortably” in all 50 states as well as the average age of retirement.  Indeed….

“Taking into account life expectancy as well as yearly expenses, the average savings required for retirement in the U.S. is $ 904,452.   States in the Northeast and the West require the highest savings for retirement, at over $ 1 million, while states in the South and the Midwest require the lowest savings.”

Top 5 Most Expensive States for Retirement

1. Hawaii: $ 1,844,556, average retirement at 66 years old
2. California: $ 1,456,286, average retirement at 64 years old
3. New York: $ 1,408,121, average retirement at 64 years old
4. Alaska: $ 1,341,805, average retirement at 61 years old
5. Oregon: $ 1,335,752, average retirement at 63 years old

Bottom 5 Least Expensive States for Retirement

1. Mississippi: $ 617,661, average retirement at 63 years old
2. Tennessee: $ 660,870, average retirement at 64 years old
3. Alabama: $ 712,832, average retirement at 62 years old
4. Oklahoma: $ 723,859, average retirement at 62 years old
5. Arkansas: $ 728,010, average retirement at 62 years old

Click here to read the full story at howmuch.net.

 

The post Cost of a Comfortable Retirement in America appeared first on Real Estate Investing Today.

America Comfortable Cost Retirement

Best Small Cities in America

Posted on November 7, 2019 by NREIA Posted in News

Best Small Cities in America

What are the best “small cities” in America?  Well, of course WalletHub put pen to paper to find out!  They say “no two small cities are made equal” but which ones stand out among the rest?  To get their list they compared more than 1,200 cities with populations between 25k and 100k using 42 key metrics of livability – ranging from housing costs and school quality to restaurants per capita.  Indeed…

“Small-city life can be best for those who appreciate more wiggle room, fewer degrees of separation and shorter commutes, to name just a few of its advantages.”

Here are their top 10 best small cities in America:

  1. Leawood, KS
  2. Brentwood, TN
  3. Sammamish, WA
  4. Melrose, MA
  5. Carmel, IN
  6. Lexington, MA
  7. Milton, MA
  8. Brookfield, WI
  9. Fair Lawn, NJ
  10. Cedar Park, TX

Source: WalletHub

Click here to read the full story on WalletHub.com.

The post Best Small Cities in America appeared first on Real Estate Investing Today.

America Best Cities Small

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