15 Best Places To Retire In Texas On A Budget| 2022

Screenshot 20220808 092915
Screenshot 20220808 092915

Texas is one of the coolest states in America to spend your retirement, after working and working during your youthful days, planning your retirement in any of these places mentioned here would be the best retirement gift you can give yourself.

Texas is the second-most populous state in the United States and is home to many cool and frenzy destinations where you can relax and enjoy nature after you retire from active service. This article would list out all the best places to retire in Texas on a budget, if you read through this article carefully you wouldn’t need to break the bank to secure a nice retirement home for you and your family around Texas.

Before we list all the best places to retire in Texas on a budget let’s explain briefly the geographical location of Texas.

Where Is Texas Located Geographical?

Texas is a state in the United States’ South-Central region. With a total size of 268,596 square miles (695,662 km2) and a population of over 29.1 million people in 2020, it is the second-largest state in the United States in terms of both area and population (after Alaska) (after California).

Texas is bordered on the east by Louisiana, on the northeast by Arkansas, on the north by Oklahoma, on the west by New Mexico, and on the south and southwest by the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas, and on the southeast by the Gulf of Mexico.

What is Texas Economy Like?

Texas had a gross state product (GSP) of $2.0 trillion in 2021-Q3, the second-highest in the United States.

Its GDP is higher than Brazil’s, Canada’s, Russia’s, South Korea’s, and Spain’s, which are the world’s ninth, tenth, eleventh, twelfth, and thirteenth largest economies, respectively.

The typical household income in the state is $59,206. Texas has the second-largest economy of any country subdivision in the world, after only California.

What Are The Advantages Of Moving To Texas?

Advantages

The following are some of the major benefits of relocating to Texas:

  • Low cost of living,
  • Tax-free income, 
  • Delicious and diverse cuisine,
  • Diverse cities,
  • Rich history, and a
  • Wide range of employment prospects. 
  • There are no state income taxes.
  • Winter weather is mild.
  • Texas is also home to some of the world’s largest oil reserves, the NASA space complex, and other internationally recognized attractions.

Disadvantages

The following are some disadvantages:

  • Severe weather is a distinct possibility. 
  • Property and sales taxes are both extremely high. 
  • Urbanization’s Consequences 
  • In some locations, there are high crime rates.
  • Access to inexpensive health care is limited.

Best Places to Retire In Texas On A Budget

Wondering the best place where you can retire in Texas, here is a full list to start with:

1. Beaumont 

Beaumont is a city in southeastern Texas, it is among the best places to retire in Texas on a budget.

Beaumont is located closely to the Louisiana border, on the Neches River. Sabine Lake connects to the Gulf of Mexico, making it an excellent place for saltwater fishing.

Beaumont is roughly an hour and a half from Houston, providing retirees with access to big-city attractions and health-care options while maintaining a cheaper cost of living.

Population: 395,174

Share of population age 60+: 21%

Median monthly mortgage cost: $1,343

Median monthly rent: $857

2. El Paso

El Paso is another cool places to retire in Texas on a budget, housing here is very cheap and can be a perfect place for people to settle down after retirement.

This city in western Texas is located just over the Rio Grande from Ciudad Juarez, Mexico. The Franklin Mountains State Park, which spans 26,627 acres and is entirely within the city limits of El Paso, is the country’s largest urban park.

Population: 840,477

Share of population age 60+: 17%

Median monthly mortgage cost: $1,235

Median monthly rent: $837

3. McAllen 

The McAllen metro region, which includes the cities of Edinburg and Mission is also a nice place to retire in Texas on a budget.

Housing is very affordable with a small retirement income. McAllen is the country’s only significant metro area where the average home costs less than $100,000.

Snowbird retirees flock to McAllen because of the affordable housing and moderate winter weather.

McAllen also features a World Birding Center at Quinta Mazatlan, a historic rural house, which makes it a suitable retirement destination for birdwatchers.

855,176 people live in the city.

15 percent of the population is over the age of 60.

The average monthly mortgage payment is $1,149.

The average monthly rent is $734.

4. Houston

If you love tourism and recreation and would want to explore more after your retirement then Houston is a perfect place for you to settle down after retirement.

Houston is the United States’ fourth largest city and is located in eastern Texas near the Gulf of Mexico.

Houston has a museum area and a theater district that provides seniors lots of choices for recreation and volunteerism.

Houston also has much lower housing expenses than similar-sized cities in other states.

The Best Hospitals Honor Roll lists Houston Methodist Hospital as one of the best. There are several universities in the vicinity, including the University of Houston and Rice University, where seniors 65 and older can audit classes for free.

6,884,138 people live in the city.

16 percent of the population is over the age of 60.

The average monthly mortgage payment is $1,738.

$1,101 is the average monthly rent.

5. Dallas

According to the Census Bureau, Dallas and neighboring Fort Worth have been quickly gaining new people for the past decade.

Relocation is inexpensive because of the low housing expenses. Baylor University Medical Center and UT Southwestern Medical Center are two major health-care providers in the area.

The Cowboys, Mavericks, Rangers, and Stars are just a few of the professional teams to root for, while those interested in the arts can volunteer and attend social events at the city’s various museums.

7,320,663 people live in the city.

16 percent of the population is over the age of 60.

The average monthly mortgage payment is $1,758.

$1,139 is the average monthly rent.

6. Arthur

Port Arthur is a fun seaside town and the best place to retire in Texas on a budget.

Port Arthur has a vibrant culture

combined with the cheap median house price, makes it ideal for active adults on a fixed income.

If you want to retire to the beach but don’t want to deal with gators, Port A has all the advantages of a Florida retirement ­ without the enormous reptiles or the exorbitant expense of living!

12.7 percent of the population is above the age of 65.

$65,800 is the median home value.

The number of violent crimes committed in the previous year was 344.

Property Crimes in the Most Recent Year: 1,203

Three hospitals are within one mile of the city.

7. San Antonio

San Antonio is one of the most rapidly rising cities in the United States. According to U.S. Census Bureau data, the metro area grew by 107,218 people in the last decade.

Methodist Hospital-San Antonio provides medical services. For those on a tight budget, San Antonio might be the perfect spot to retire.

Retirees can enjoy the picturesque beauty of the Texas Hill Country without having to worry about excessive housing costs.

In 2015, UNESCO designated the San Antonio Missions, including the Alamo, as a World Heritage Site.

2,468,193 people live in the city.

18% of the population is over the age of 60.

The average monthly mortgage payment is $1,505.

$1,024 is the average monthly rent.

8. Corpus Christi

Corpus Christi is also among the best place to retire in Texas on a budget. Corpus Christi is located close to the Gulf of Mexico and has affordable houses.

Padre Island National Seashore offers a 70-mile stretch of unspoilt coastline where visitors can relax and enjoy the sand, sun, and animals.

The Texas State Aquarium, the USS Lexington, and the South Texas Botanical Garden and Nature Center are all places where retirees can visit or volunteer.

The population is 428,548 people.

20 percent of the population is over the age of 60.

The average monthly mortgage payment is $1,502.

$1,014 is the average monthly rent.

9. Weslaco

Weslaco is another lovely Rio Grande Valley village. Because of Weslaco’s historic downtown and several parks, it is one of the greatest Texas communities for seniors to retire comfortably.

Parks like Estero Llano Grande State Park allow you to take part in a variety of activities even in your senior years.

13.7 percent of the population is over the age of 65. 

The average home is worth $83,900.

Annual Number of Violent Crimes: 155 in the most recent year.

10. Harlingen

Harlingen, is also among the best city for retirees In Texas.The Lower Rio Grande National Wildlife Refuge and Hugh Ramsey Nature Park are two of the several parks in the area.

They highlight the Valley’s magnificent wetlands while also providing active adults with various locations to explore, ensuring that you never run out of things to do.

15.1 percent of the population is over 65 years old.

$87,500 is the median home value.

Annual Number of Violent Crimes in the U.S.: 274

Property Crimes in the Most Recent Year: 3,155

Within a one-mile radius of the city, there are seven hospitals.

11. San Juan

San Juan is another beautiful Rio Grande Valley community.

If you’re looking for a quiet suburban retirement, San Juan is the perfect place to choose.

The city has low cost accommodations as well as cheap health care services.

9.9% of the population is over the age of 65.

$90,300 is the median home value.

Number of violent crimes committed in the previous year: 173

Property Crimes in the Most Recent Year: 858

Six hospitals are within one mile of the city.

12. Brownsville

Begin your journey in Brownsville! This city in the south offers a gorgeous coast, old architecture, and a vibrant culture.

Exploring historic buildings, spending a day on the beach watching dolphins, and visiting all of Brownsville’s parks and wildlife centers are all options for retirees.

12 percent of the population is over 65 years old.

$90,000 is the median home value.

The number of violent crimes committed in the previous year was 846.

Property Crimes in the Most Recent Year: 4,774

Six hospitals are within one mile of the city. Are you on the lookout for your next adventure?

13. Austin

Many individuals, even retirees, flock to Austin because of its hot employment market and unique, eccentric culture.

The University of Texas—Austin is in this state capital city, and seniors 65 and above can take up to six tuition-free credit hours per semester.

Apple, Dell, and IBM, among others, have offices in the neighborhood. St. David’s Medical Center and Ascension Seton Medical Center Austin are two major health-care providers in Austin.

Although housing in Austin is more expensive than in many other parts of Texas, seniors moving from more expensive places with equal amenities may save money.

2,114,441 people live in the city. 

16 percent of the population is over the age of 60.

The average monthly mortgage payment is $1,909.

$1,273 is the average monthly rent.

14. Del Rio 

Del Rio is a lovely city on the Rio Grande’s banks, as well as a safe and busy retirement community.

Moore Park and San Felipe Springs, for example, are great places to get out and enjoy nature.

You may also unwind at the Val Verde Winery, a laid-back hangout for good times with excellent people.

14.9 percent of the population is above the age of 65

The average home is worth $100,600

Annual Number of Violent Crimes: 38 in the most recent year

Number of Hospitals within One Mile of the City: 1 Most Recent Annual Number of Property Crimes: 610

15. Wichita Falls

Wichita Falls is a picturesque community on the banks of the Red River in Northern Texas.

It’s ideal for energetic folks who want to enjoy the outdoors: retirees adore the parks along Lake Wichita’s shores.

The World’s Smallest Skyscraper, the Museum of North Texas History, the Wichita Falls Museum of Art at Midwestern State University, the Wichita RailRoad Museum, and the Professional Wrestling Hall of Fame & Museum are all in Wichita Falls.

13.5 percent of the population is over 65 years old

The average home is worth $102,400

Number of violent crimes committed in the previous year: 364

Property Crimes in the Most Recent Year: 3,183

Within a mile of the city, there are 5 hospitals.

16. Haltom City

Retired people who desire to live in the Dallas-Fort Worth Metropolitan Area may want to consider Haltom City as their new home.

This city offers many benefits to seniors, combining a low cost of living, convenient access to Downtown Dallas, and a safe and private suburban living environment to create the town that many retirees call home.

9.9% of the population is over the age of 65.

$111,300 is the median home value. 

Number of violent crimes committed in the previous year: 126 

Property Crimes in the Most Recent Year: 1,173

There are 37 hospitals within a mile of the city.

 Best Places To Retire In Texas On A Budget (Recap)

  1. Beaumont
  2. El Paso
  3. Mcallen
  4. Houston
  5. Dallas
  6. Arthur
  7. San Antonio
  8. Corpus Christi
  9. Weslaco
  10. Harlingen
  11. San Juan
  12. Brownsville
  13. Austin
  14. Del Rio 
  15. Wichita Falls
  16. Haltom City

Frequently Asked Questions (FAQs)

Is Texas a good state for retirees?

Yes, Texas is a fantastic place to retire! If you like the concept of cheap taxes and a low cost of living, Texas can help you stretch your fixed-income further. In prosperous Texas towns like Houston and Dallas, retirees can also enjoy warm winters and fascinating cultural possibilities.

A property tax deferment or exemption for their primary house is available to retirees over the age of 65 or a surviving spouse who is at least 55 years old.

They can defer property taxes for principal residences for anyone over the age of 65.

In a normal year, you can expect snow in Texas throughout the winter, however, it will be far less than in other northern states. The average snowfall is 0.1 inch, and it normally melts in a few days, so there isn’t much of a problem.

Conclusion

This are the best places to retire in Texas on a budget, this cities mentioned here have different attractions depending on your specification, houses are affordable and tax rates are minimal.

References

https://www.newhomesource.com/learn/best-places-to-retire-in-texas/

https://money.usnews.com/money/retirement/baby-boomers/slideshows/best-places-to-retire-in-texas

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