10 Worst Cities To Retire If You Still Have Debt

Carmel-by-the-Sea, California

This quaint little beach town is basically a gourmand’s seaside dream. But all that Carmel charm comes at a price. According to BestPlaces, the cost of living (COL) is 51.9% higher than the US average. With housing costs and everyday living expenses through the roof, retiring here with debt is like swimming against the current with a ball and chain.

Sag Harbor, New York

Tucked away in the glitzy Hamptons, Sag Harbor offers those East Coast vibes. The catch? The infamously high property values are one thing. Additionally, there’s the elevated cost of living, which is 47.1% higher than the US average, according to Bestplaces. Those Hampton’s holiday price tags don’t take a break for retirees still paying down debts.

Sullivan’s Island, South Carolina

This barrier island just outside Charleston drips southern sophistication. Think gorgeous mansions, championship golf and breezy Atlantic beaches. But all that low country luxury also means bigger bills, month after month, because the COL is about 12% higher than the national average. Retiring here while chipping away at debt is like ordering the surf and turf — but only getting the turf.

Coronado, California

Just across the bay from San Diego, Coronado is a straight-up island escape with pristine beaches and resort vibes galore. But all that sandy, sun-kissed bliss doesn’t come cheap. According to BestPlaces, the cost of living is 54.9% higher than the national average. That debt burden will feel a lot heavier in this pricey paradise.

Aspen, Colorado

Hiking trails, ski slopes and a bumpin’ aprés ski scene — Aspen has all the Rocky Mountain magic. But it also has a luxury price tag that could turn your retirement funds to slush if debt is still melting away your savings. According to BestPlaces, the cost of living is a whopping 120.4% higher than the US average.

Hanalei, Hawaii

This idyllic town on Kauai’s north shore is about as close to a tropical, hammock-swaying-in-the-breeze postcard as you can get. But the sandy stretches and lush rainforests come at a premium: BestPlaces says the COL is 54.6% higher than the US average. That means retirees with debt may not be able to afford it.

Newport Beach, California

Craving that sun-kissed SoCal lifestyle? Unfortunately, the beachside indulgence of places like Newport Beach doesn’t come cheap. According to BestPlaces, the cost of living is 64.9% higher than the US average. Retiring here with debt is like forking over a luxury car payment every month just to keep window shopping.

Stanford, California

The intellectual elite calls this leafy university town home. But unless you’re a tech bazillionaire emeritus, retiring here with debt still lurking means you’re going to be struggling to make ends meet. According to BestPlaces, the cost of living is astronomical — 131.0% higher than the US average.

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Carmel-by-the-Sea, California

Sag Harbor, New York

Sullivan’s Island, South Carolina

Coronado, California

Aspen, Colorado

Hanalei, Hawaii

Paradise Valley, Arizona

Newport Beach, California

Stanford, California

Montecito, California

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