One of the Most Affordable Parts of Ohio to Retire Has Been Revealed

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In a recent report by Gobankingrates.com, a Midwestern gem has emerged as the most affordable place to retire in the United States.

This accolade goes to Toledo, Ohio, a bustling city that combines cost-effectiveness with a rich array of amenities, making it an ideal destination for retirees.

Toledo's Winning Formula for Retirement

Toledo's claim to fame in the retirement arena is not just about affordability. The city offers a balanced mix of low living costs and high-quality lifestyle options. With an annual budget requirement of $37,646 for retirees, nearly 28 percent below the national average, Toledo stands out financially. This figure considers essential expenses like housing, healthcare, food, transportation, and utilities.

Approximately 16 percent of Toledo's population is aged 65 and over. This significant percentage points to a thriving community of retirees, fostering a sense of belonging and community for those who choose to spend their golden years there.

One of the most attractive aspects of retiring in Toledo is its housing market. With a median listing price of $113,033, as reported by Zillow, housing in Toledo is significantly more affordable than in many other parts of the country. This price point opens up opportunities for various housing options, from cozy condominiums to spacious single-family homes.

Healthcare: Accessible and Advanced

Toledo is not just about affordable living; it also boasts excellent healthcare facilities. The city is within a 60-mile radius of renowned medical centers like the Cleveland Clinic and the University of Michigan.

Additionally, the recent introduction of a new clinic in the Aurora Gonzalez Community Center, specializing in care for senior Medicare and Medicaid recipients, further enhances Toledo's healthcare offerings.

Strategic Location

Toledo's location is another plus. Nestled on the border of Michigan and along the Maumee River, with direct access to Lake Erie, the city's position is ideal for those who appreciate both urban living and the beauty of nature.

Sources:

Most Affordable Places to Retire in U.S.| GOBankingRates

https://www.niche.com/places-to-live/toledo-lucas-oh/