8 Popular Mountain Towns Retirees Can No Longer Afford (And Where To Move Instead)

If you love living near mountains, you’re not alone. Because it’s a popular destination, finding an affordable retirement city with the natural beauty you crave can be tricky.

Retiring with the right amount of money has never become more important, and these cities have become too expensive.

Still, there are other mountain towns to consider nearby that can help you enjoy a stress-free retirement . Here are our picks.

1. Nashville, Tennessee

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If you love country music and good food, you probably love Nashville.

But the city has grown dramatically over the last few years, and the cost of housing and other goods has risen , too. You'll be able to stretch your retirement savings by choosing other retirement options .

Alternative: The nearby city of Knoxville seems like it could be a good fit. The city itself hosts 112 miles of hiking trails and is only an hour’s drive from Great Smoky Mountain National Park.

2. Denver, Colorado

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Over the past decade, people have become wise to the charms of Colorado. Hiking, skiing, natural beauty, and endless recreation opportunities make the state a hub for retirees.

But if you had your heart set on Denver, you might want to reconsider. The cost of living has risen dramatically over the last few years, and living there on a fixed income might be challenging.

Alternative: You might want to consider Colorado Springs. It’s a beautiful mountain town with the same natural beauty but a better cost of living. You can have all the same perks as Denver for less. Plus, it’s less crowded.

3. Boise, Idaho

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If you’ve ever dreamed of moving to Idaho and living among the state’s rivers, lakes, and snow, you’re not alone.

Residents from more expensive states have been flocking to Idaho over the past few years, raising the cost of living.

Alternative: Even though Boise might be too expensive for retirees, Idaho Falls might not. With a thriving arts culture and excellent medical facilities, Idaho Falls is a great spot for retirees.

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4. Flagstaff, Arizona

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If you’re interested in mountain living, you’ve probably had Flagstaff on your radar. It’s a bustling area with great outdoor activities and access to endless hiking opportunities.

It sounds like an excellent spot for retirement. But the part that’s not great? The cost of living. It’s expensive to lie next door to the Grand Canyon.

Alternative: If your heart is set on mountain life during your golden years, you might want to consider Tucson instead. It boasts similar amenities and enjoys beautiful mountain vistas, but the cost of living is 19.4% less, largely due to cheaper housing.

5. Park City, Utah

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Park City, Utah, is one of the top skiing destinations in the country. It’s easy to understand why — the air is crisp, and the sun is bright.

Plus, there are great amenities for shopping and anything else you could desire, and it’s home to the Sundance Film Festival. But it comes with a steep price tag and might not be the best option for retirees on a fixed income.

Alternative: Provo is an overlooked mountain town with access to the same outdoor beauty but for a lower cost. Plus, it’s less crowded with tourists. It’s a win-win.

6. Lake Tahoe, California

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Even if you’ve never heard of this mountain town, you’ve probably seen photos of its glistening lake and stunning mountains.

The cost of living in California is high in most areas, but Tahoe real estate is expensive. It’s a tough place to live on a budget.

Alternative: Lake Arrowhead is another California gem. It’s more than seven hours south of Lake Tahoe but boasts a gorgeous lake and mountains for hiking.

It might be a great fit if you’re looking for a cheaper spot — by California standards — although by most standards, it’s still pretty expensive.

7. Asheville, North Carolina

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With a bustling outdoor scene and delicious dining options, Asheville is a great spot to visit and live. But the beauty of the city comes at a price. As the city’s reputation has taken off, so has the cost of living.

Alternative: You might want to consider Hendersonville instead. It’s a quaint mountain town with a much smaller population, but that’s part of its charm. Escape the high cost of living and opt for a slow pace of life in retirement instead.

8. Spokane, Washington

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Spokane is usually considered one of the best towns for retirement, and that’s part of the problem. The city was once a hidden gem, but it’s become a well-known destination for retirees.

As a result, the cost of living has drastically increased, requiring many to earn extra cash to make ends meet .

Alternative: You might consider Grandview instead. Located near Yakima, east of the Cascade Range, its cost of living, including housing, is less than the average for the U.S. and Washington.

Bottom line

Finding the perfect place to retire is nearly impossible, especially when searching for an affordable mountain town or city.

But even if your retirement readiness is better than most, it’s still a good idea to stretch your money as much as possible. With a little research into some outside-the-box ideas, you can find a spot that’s perfect for you.

Money tips that can work for everyone

No matter what your bank account balance is, there's always an opportunity to optimize and improve your finances. Here's a quick checklist of things you can look at today.

Focus on paying off your debt . Debt can hold you back from making progress with your overall financial well-being. Aside from cutting expenses, there are tools that can help you pay off debt faster like balance transfer credit cards and debt counseling.

Earning extra income can give you breathing room. If finances are tight, earning some extra money to supplement your income can make a huge difference. A new job is one option to consider, but if you're not ready to make a big change or already retired, a part-time side job could be a better choice.

Cut your expenses. It sounds painful and so not fun, but it doesn't have to be. Take a look at your biggest expenses because that's where you'll probably find the biggest savings. For example, auto insurance rates have been soaring so shopping around for a new insurance company can be the fastest way to cut your bill. Also, look for ways to cut your grocery bill (despite rising inflation).