8 Beach Locations Where You Can Retire With $250K

You can still retire by the beach with as little as $250,000 in savings — if you choose an affordable beach town to call home.

leisurely walk by the sea
Updated July 3, 2024
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Most retirees will receive Social Security, but they might not have more than $250,000 in savings to help supplement that income. However, that doesn’t mean you can’t choose a beach destination to live out your golden years with little stress.

These eight beach towns are more affordable than most, making them great options for retirees who want to live near the water. Whether you plan to rent or buy or want a hot or mild climate, these places make it possible to retire by the beach without running out of money.

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Cape Coral, Florida

Michael Carroll/Adobe cape coral waterfront with boat and palm trees

Florida is a popular retirement destination. No state income tax means you can keep more of your money. You won’t pay taxes on Social Security income or retirement withdrawals, and access to white sandy beaches makes the Sunshine State even more appealing.

You don’t need to be rich to retire near the beaches of Cape Coral, Florida. Cape Coral is only 15 minutes from Fort Myers and features more than 1,500 acres of parks. There’s no lack of things to do. Fishing, boating, and visiting museums are only a few activities retirees can enjoy in Cape Coral.

Michigan City, Indiana

Andy Konieczny/Adobe dramatic sunset at michigan city

Not all retirees want to relocate to Florida, and Indiana could prove a good alternative. Michigan City, Indiana, is a good option for lake lovers since retirees can enjoy the infamous Lake Michigan.

However, you can enjoy plenty of other attractions too. You can visit the lighthouse at Washington Park, go birding or biking on one of the city’s nature trails, or spend some time in the botanical gardens.

Myrtle Beach, South Carolina

Kevin Ruck/Adobe pier in Myrtle Beach South Carolina drone aerial

Myrtle Beach is one of the better-known beach towns in South Carolina. It’s also one of the most popular retirement destinations. It could be one of the most affordable beach towns for homeowners, given that property taxes are much lower than the national average.

Of course, there’s more to love about Myrtle Beach than just its tax-friendliness. Retirees will always have something to do, whether relaxing on the beach, fishing, boating, or visiting one of the area’s many attractions.

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Pensacola, Florida

Laura/Adobe colorful sunset in pensacola florida

If you’re in the market for a new home, Pensacola is a beach town to consider. Home prices are below the national average, and approximately one-fifth of the town’s residents are 65 or older. That means there’s a one in five chance your neighbors will also be retirees.

Of course, Pensacola is located in the Sunshine State, so it’s a true win if you love hot weather and sandy beaches.

Corpus Christi, Texas

SeanPavonePhoto/Adobe corpus christi skyline during sunset

Texas has become a popular state for relocation, but not everyone considers it a top retirement destination. However, retiring in Corpus Christi might be too good to pass up. Home prices are fairly low compared to the rest of the country, and there are plenty of places to relax by the shore.

If you’re not convinced Corpus Christi is a win for retirement, here’s another pro; there are no state income taxes in Texas, which means you can keep more of your retirement savings.

Gulfport, Mississippi

David/Adobe joseph t. jones educational plaza

Mississippi might not be as far south as Florida, but it’s a state to consider if you’re sick of northern winters. Residents of Gulfport, Mississippi, can enjoy 26 miles of white sandy beaches, and nearly 20% of the area’s population are retirees.

Housing costs are well below the national average in Gulfport. So, it’s a real contender for retirees looking for their new home.

Brunswick, Georgia

Ercan Ekinci/Adobe sydey lanier bridge

Georgia is a close second for retirees who love the heat, and Brunswick is a great beach town if you choose to move to the Peach State. Housing prices are below the national average, and more than 15% of the city’s population are retirees.

There are plenty of things for retirees to do in Brunswick, Georgia, even if you’re on a budget. The city is full of historic buildings and is home to several festivals and events throughout the year.

Tampa, Florida

bonniefink/Adobe Tampa Florida

The last place to retire with $250,000 or less takes us back to Florida. Tampa is a good option for city lovers. The downtown area is packed with restaurants and shopping centers. But there’s much more for retirees to love about this Florida beach town.

Residents — and their visitors — can visit the Florida Aquarium, attend a pro football or hockey game, or head to the trails for a leisurely hike.

Bottom line

SUPERMAO/Adobe asian couple sitting on the beach

Social Security isn’t meant to completely replace your pre-retirement income. And not everyone has $1 million saved when it’s time to retire. While it’s possible to retire with $250,000 in savings, choosing a location with a low cost of living can make it a lot more comfortable.

Beach towns aren’t out of the question for people with $250,000 in retirement savings, but some are more affordable than others. It’s important to do your research before leaping to relocate by the ocean.

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Katelyn Washington

Katelyn Washington is a writer with a passion for finance and business. She put herself through business school as a single mother of three and has had pieces commissioned by national magazines. When she’s not writing, she enjoys spending time with her family and editing manuscripts for indie authors.