There are many differences between staying in the city compared to the suburbs. When it comes to picking the best retirement location, you will find that you have many options to choose from. Do you want to stay in a suburban environment for more space and peace? Or do you want a city setting where you can be close to exciting attractions and accessible transport options? If you are thinking about whether to retire in the city or the suburbs, you have to get all the information to make the important decision. Read on to learn whether the big cities or suburbs are the better option for retirement!
The financial aspect is one of the key factors in choosing a retirement place. One of the retiree’s goals is to enjoy life without having to worry about money. There would be difficulties, especially if the finances you have is not big enough for your lifestyle needs. Up to 40% of retirees have moved to a new home in order to reduce living expenses. Some other factors include being closer to family and enjoying a better climate.
Small towns have the upper hand in this aspect because the cost of a property is significantly lower as compared to the big cities. You can buy a property in a small town for a lower price compared to an in a big city. If you want a more spacious living space, there are plenty of houses for sale in the suburbs that are ideal for retirement.
For the cost of living, big cities are more expensive than small towns. With all the restaurants, shops, and various amenities available, there is no limit to what you can spend your money on. Small towns have fewer restaurants and shops. So you may choose to cook dinner at home instead of eating out. You will be less tempted to spend money as there is less impulsive buying.
Transportation options between a big city and the suburbs differ as well. Small towns have limited transportation, so you may need to drive if you want to get to certain establishments. Depending on where you live, shops may be a 15-minute drive from your house. This could be an issue especially if you don’t live with family.
Meanwhile, big cities have public transportation that you can take. Restaurants, parks, theaters, and grocery stores are usually found near each other in the cities.
Another factor to consider is the community where you want to live in. If you are a private individual, then city life might be for you. You will only get to know a few people living there such as your neighbors and friends. On the other hand, small towns have close-knit communities. Most people will know who you are. You will run into people who will talk to you and make you feel welcome. Small towns have a real sense of community where everybody plays a part. The advantage is having friendly people check up on you to see how you are doing.