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  • jeyebolt2003 jeyebolt2003 Mar 14, 2013 11:10 PM Flag

    California no place to retire

    California has 5 of the 10 worst cities to retire in.
    The 10 Worst Places to Retire

    San Francisco

    If you can't stand the heat, head to San Francisco, where you can expect cool and foggy summers and a rainy season in the winter.

    San Diego

    What makes it difficult to retire in the San Diego metro area, which includes Carlsbad and San Marcos, are the high housing costs. People age 60 and older spend a median of over $1,000 per month on rent and $1,971 monthly on their mortgages, although costs drop to $436 monthly for seniors who have paid off their houses.

    San Jose, Calif.

    Retirees with mortgages in San Jose, Sunnyvale, and Santa Clara pay an average of $2,266 per month, and renters are charged a median of $1,059 monthly. Healthcare costs could run $3,500 monthly for an assisted living facility, or $258 per day for a nursing home. Social Security benefits aren't taxed in the state of California, but retirement account withdrawals generally are

    Oxnard, Calif.

    People age 60 and older with mortgages pay a median of $2,107 each month. Retiree renters pay about half that amount, but a still-pricy $1,148 per month. Retirees who have paid off their homes face a more reasonable $476 in monthly housing costs. The daily rate for a nursing home in Oxnard costs a median of $201, which is similar to the national median rate, but assisted living facilities cost an above-average $4,000 per month.

    Los Angeles

    And they tolerate the city's daily traffic congestion and sky-high rent to live there. Retirees who stay in the city pay a median of $1,003 per month in rent or $1,996 monthly in mortgage payments

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • If it wasn't for the drug crime, Mexico would be the place for poor folks to retire....

    • The article failed to note that New York and San Francisco have rent control. A new person will pay maybe $1500 a month more than the article numbers. And the articles just mention cities. In Silicon Valley with San Jose on the south end rents and house prices have soared with recovery. Basically it's risky to retire in anyplace that's nice, it will become popular. Note that in a dozen years whatever the politics, the dollar will likely be half the value it has now. That's great for people paying debts including the US itself. But it's hard on simple savers. SS also is effectively no longer indexed starting next year.

      The indexing has been bogus, though, for many years. GDP and unemployment are iffy too, as we know, and have been for decades. Have any recalculations of these numbers ever made them go the "wrong" way?

    • Jeyedolt,

      It is just terrible here. Definitely, this is a place you want to stay away from. DON'T even visit. EVER. PLEASE!

      /mm

      Sentiment: Strong Sell

    • And Michigan is home to 2 of the top 10 gayest cities (advocate, 2012). Hey, whatever floats your boat, Jeye.

 
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