2. Walnut Creek, Calif.
Walnut Creek is a city in Contra Costa County, located in the East Bay region of the San Francisco Bay Area, about 16 miles east of Oakland. Walnut Creek consists of a bustling, upscale downtown with established neighborhoods in its surrounding areas. It has a total population of 70,127 per the 2020 census, according to Wikipedia.
• % of population 65+: 29.3
• Annual expenditures as a homeowner: $118,693
• 2024 home value: $1,480,984
• Yearly mortgage cost: $93,541
• Annual grocery cost: $5,373
• Annual healthcare cost: $9,131
• Annual utilities cost: $4,346
1. Rancho Palos Verdes, Calif.
The “most expensive” U.S. community for retirees according to the new GOBankingRates survey is Rancho Palos Verdes, a coastal city located in south Los Angeles County that sits atop the bluffs of the Palos Verdes Peninsula. It is known for its extensive nature preserves and hiking trails, school district, as well as high property values. Incorporated in 1973, the city has a population of 42,287 as reported in the 2020 United States Census, according to Wikipedia.
• % of population 65+: 26.2
• Annual expenditures as a homeowner: $149,970
• 2024 home value: $1,995,454
• Yearly mortgage cost: $126,036
• Annual grocery cost: $5,277
• Annual healthcare cost: $6,801
• Annual utilities cost: $3,770
SEE ALSO:
• 2024’s 10 Best Places in the World to Retire
• 10 U.S. Cities with the Highest Retirement Income
• Most Expensive Cities to Retire: Where $1 Million Isn’t Enough (And Where it Is)
NEXT PAGE: Original article from June 2019
