1. Hot Springs, Arkansas
Hot Springs, Arkansas, offers retirees the best of both worlds: a rich history and affordable lakeside living. Situated along the shores of Lake Hamilton, this town is famous for its natural hot springs and beautiful landscapes. The cost of living here is low, with affordable homes and healthcare options, making it an attractive choice for those on a fixed income. With plenty of lakeside parks, fishing spots, and hiking trails, retirees will never run out of things to do.
Beyond the outdoor beauty, Hot Springs is known for its welcoming community and slower pace of life. The town’s rich history, including the historic Bathhouse Row, provides a unique cultural experience. It’s a place where you can enjoy both relaxation and recreation in a scenic environment. For those seeking a peaceful lakeside retirement, Hot Springs should be at the top of the list.
2. Lake Havasu City, Arizona
Lake Havasu City, Arizona, is a unique lakeside town located on the border between Arizona and California. The lake, which is man-made, offers a warm climate and a wide variety of water sports, including boating, jet skiing, and fishing. Housing in Lake Havasu City is surprisingly affordable, especially considering its popularity as a vacation spot. The city has a range of homes, from cozy lakefront properties to larger, more modern homes, at prices that are more reasonable than those in nearby cities.
Beyond the outdoor fun, Lake Havasu City offers a laid-back lifestyle and a welcoming community. Retirees can enjoy local events, restaurants, and the famous London Bridge, which was relocated here in the 1960s. The area’s warm climate and low cost of living make it a great choice for retirees seeking a lakeside home without a hefty price tag. Lake Havasu City is the perfect destination for those who want to enjoy sunny days and lakeside living on a budget.
3. Coeur d’Alene, Idaho
Coeur d’Alene is another picturesque lakeside town in Idaho that offers affordability with a touch of sophistication. Situated along the shores of Lake Coeur d’Alene, this city is known for its stunning natural beauty and vibrant downtown area. The cost of living here is more affordable than many other waterfront cities, especially considering the level of amenities and activities available. Whether you’re into boating, hiking, or simply soaking in the gorgeous lake views, Coeur d’Alene has it all.
The city’s friendly community and diverse housing options make it a great place to settle down. From charming homes on the lake to budget-friendly condos, there’s something for every taste and budget. The area also has a growing arts scene, with galleries, theaters, and cultural events year-round. For retirees seeking an active yet laid-back lifestyle, Coeur d’Alene is a top choice.
4. Sandpoint, Idaho
Sandpoint, located in northern Idaho, is a hidden gem for retirees seeking lakefront tranquility without the hefty price tag. Nestled on the shores of Lake Pend Oreille, this town offers breathtaking views and a peaceful atmosphere. The cost of living here is much lower than other lakeside locations, with affordable housing options. Whether you’re into hiking, fishing, or simply relaxing by the lake, Sandpoint offers an abundance of outdoor activities.
The local community is friendly and welcoming, making it easy for newcomers to settle in and meet people. The area also has a slower pace of life, ideal for those looking to escape the hustle and bustle. Additionally, Idaho’s tax-friendly policies for retirees help stretch your retirement savings. With its small-town charm and scenic beauty, Sandpoint is an ideal choice for an affordable lakeside retirement.
5. Traverse City, Michigan
Traverse City is a delightful lakeside town located on the shores of Lake Michigan’s Grand Traverse Bay. The cost of living here is affordable compared to other waterfront destinations in the region, making it an excellent option for retirees. Traverse City boasts a beautiful downtown area filled with local shops, cafes, and restaurants, perfect for strolling around on a sunny afternoon. The area’s outdoor activities, such as kayaking, fishing, and hiking, are abundant, making it a haven for nature lovers.
The town’s tight-knit community and excellent healthcare facilities add to its appeal for retirees. In addition, the nearby wineries and orchards make for an enjoyable retirement lifestyle, with local produce and wine readily available. The slower pace of life here is a big draw, and the welcoming atmosphere makes it easy to feel right at home. Traverse City offers an ideal mix of lakeside living and affordability, making it a top contender for retirement.
6. Smith Mountain Lake, Virginia
Smith Mountain Lake, located in the Blue Ridge Mountains of Virginia, is a serene and affordable retirement destination. The lake offers over 500 miles of shoreline, perfect for retirees who love outdoor activities such as boating, fishing, and swimming. The cost of living in this area is quite affordable, with many homes available at a fraction of the price of lakeside properties in more well-known regions. The town surrounding the lake offers quaint shops, restaurants, and a peaceful atmosphere.
Retirees in Smith Mountain Lake enjoy a slower pace of life, surrounded by natural beauty. The area is also known for its vibrant community, with frequent social events and active lifestyle clubs for retirees. With plenty of parks and recreation areas, there’s always something to do on or around the lake. For those looking to enjoy lakeside living without breaking the bank, Smith Mountain Lake is a fantastic option.
7. Lake Chelan, Washington
Lake Chelan, Washington, is an affordable lakeside destination for retirees who love outdoor activities and breathtaking scenery. Located in the Cascade Mountains, the lake provides stunning views and a variety of recreational opportunities such as boating, fishing, and hiking. The cost of living here is relatively low compared to other scenic locations in Washington, and housing prices are more affordable. The town of Chelan itself is small but offers everything you need for an enjoyable retirement.
The area’s mild climate, coupled with a friendly local community, makes it a great place to relax and enjoy retirement. The town also has a vibrant arts scene, with galleries, wineries, and theaters offering entertainment throughout the year. Retirees can enjoy a more active lifestyle, with year-round access to outdoor adventures. Lake Chelan combines affordability, natural beauty, and a laid-back lifestyle, making it an excellent choice for a lakeside retirement.
8. Grand Lake, Colorado
Grand Lake, located in the Rocky Mountains of Colorado, offers an affordable option for retirees who love the outdoors. The town is situated on the shores of Grand Lake, the largest natural lake in Colorado, offering plenty of water activities such as boating, fishing, and paddleboarding. The cost of living is lower than many other Colorado towns, with housing prices that allow retirees to live comfortably. In addition to the lake, retirees can enjoy the surrounding national parks and hiking trails.
The town itself is small and tight-knit, offering a peaceful and welcoming atmosphere for newcomers. It’s also home to a historic downtown area, where you’ll find unique shops and restaurants. The scenic beauty and the variety of outdoor activities available make it a perfect spot for retirees who want an active yet relaxed lifestyle. For those who love lakeside living surrounded by mountains, Grand Lake is an affordable option worth considering.
9. Eagle River, Wisconsin
Eagle River, Wisconsin, is a charming town located on the shores of the Eagle River Chain of Lakes, offering affordability and natural beauty. This area is known for its crystal-clear lakes, making it an ideal location for retirees who enjoy fishing, boating, and water sports. The cost of living is lower than in many other lakeside towns, with affordable real estate and reasonable property taxes. The area also boasts plenty of green space and nature trails for outdoor enthusiasts to explore.
Eagle River is a small, close-knit community, providing a relaxed and friendly environment for retirees. The local amenities, including healthcare facilities and shopping centers, make it easy to live comfortably. The town also hosts various local events and festivals, which help create a vibrant atmosphere. With its affordable housing and scenic beauty, Eagle River is an excellent option for lakeside living on a budget.
10. Norris Lake, Tennessee
Norris Lake, situated in the foothills of the Great Smoky Mountains, offers an affordable lakeside retirement for those who love outdoor activities. The lake spans over 800 miles of shoreline, providing plenty of opportunities for boating, fishing, and swimming. Housing costs are affordable compared to other lakeside areas, and the surrounding towns offer a variety of budget-friendly living options. The area is also home to numerous parks, hiking trails, and natural reserves for retirees to explore.
The community around Norris Lake is warm and inviting, with a focus on outdoor activities and a relaxed pace of life. Retirees can enjoy year-round access to the lake and nearby nature, making it perfect for those who appreciate scenic views and a slower lifestyle. There’s a range of social clubs, community centers, and local businesses to explore as well. Norris Lake offers an affordable yet active retirement lifestyle in a stunning natural setting.
11. Lake James, North Carolina
Lake James, located in the Appalachian foothills, is a peaceful and affordable place to retire by the water. With over 6,000 acres of pristine lake, retirees can enjoy boating, fishing, and hiking in the surrounding Pisgah National Forest. Housing prices are much more reasonable than many other lakeside locations, allowing for a relaxed lifestyle without sacrificing the beauty of nature. The lake also offers stunning views of the Blue Ridge Mountains, making it a perfect place for nature lovers.
The town around Lake James offers a small, close-knit community with a slower pace of life, ideal for retirees looking for peace and serenity. The area also boasts a range of local parks and recreational activities, providing plenty of options for those who enjoy outdoor adventures. With its mix of affordable living and natural beauty, Lake James is a fantastic option for retirees seeking lakeside living on a budget. Whether you’re a fisherman, hiker, or simply love the outdoors, this place will make you feel at home.
12. Lake of the Ozarks, Missouri
Lake of the Ozarks is a fantastic option for retirees seeking a balance of natural beauty and budget-friendly living. The region is known for its sprawling lakes and extensive recreational opportunities, from boating to golfing. Housing costs are relatively low compared to other lakefront communities, allowing retirees to enjoy a comfortable lifestyle without breaking the bank. The area offers a variety of affordable homes, from cozy cottages to larger lakeside properties.
The Lake of the Ozarks area also has a strong sense of community, with plenty of local events and activities to enjoy. Residents can take advantage of the many parks, golf courses, and nearby hiking trails. It’s an excellent location for retirees who enjoy an active lifestyle with a relaxed pace. The local shops and dining options add to the charm, creating a warm and inviting environment for retirement.
13. Lake Livingston, Texas
Lake Livingston, located in East Texas, is one of the largest lakes in the state and a surprisingly affordable retirement option. With over 450 miles of shoreline, it offers endless opportunities for boating, fishing, and swimming. The cost of living in the surrounding towns is well below the national average, making it easy for retirees to stretch their savings. Affordable housing options range from small cottages to modest lakefront homes.
The area around Lake Livingston is known for its friendly community and peaceful atmosphere. Retirees will find local shops, restaurants, and healthcare facilities that meet daily needs without the stress of big-city living. The slower pace of life allows for relaxation, while the abundance of outdoor recreation keeps life engaging. For those who want affordability and year-round lakeside charm, Lake Livingston is a top contender.
14. Lake Cumberland, Kentucky
Lake Cumberland in southern Kentucky is an excellent choice for retirees seeking affordable lakeside living in a scenic environment. With more than 1,200 miles of shoreline, this massive lake is perfect for boating, fishing, and camping. The housing market here is budget-friendly, offering everything from cozy cabins to waterfront properties at prices lower than many other vacation-style destinations. The cost of living is also well below the national average.
Retirees here enjoy a welcoming community that thrives on outdoor recreation and a laid-back lifestyle. Local festivals and events bring neighbors together, fostering a strong sense of belonging. Healthcare services and essential amenities are easily accessible in the nearby towns. With its affordable housing and endless recreational activities, Lake Cumberland offers retirees both relaxation and adventure.
15. Lake Marion, South Carolina
Lake Marion, known as South Carolina’s largest lake, is an affordable destination for retirees who enjoy the outdoors. The lake covers over 110,000 acres, making it a hotspot for fishing, boating, and birdwatching. Housing costs are attractively low, with plenty of modest homes and lakeside cottages to choose from. The overall cost of living in this part of South Carolina is also quite budget-friendly.
The surrounding communities are small and welcoming, providing retirees with a slower pace of life. Local farmers’ markets, small-town festivals, and scenic drives create a charming atmosphere. Retirees can also take advantage of nearby golf courses and nature trails. Lake Marion is perfect for those who want affordable lakeside living with a strong sense of community.
16. Lake Guntersville, Alabama
Lake Guntersville in northern Alabama is a hidden gem for affordable retirement living by the water. The lake is known for its fishing, boating, and birdwatching, with beautiful views of the Appalachian foothills. Housing around Lake Guntersville is surprisingly affordable, offering retirees lakefront options without premium price tags. The cost of living in this region is also significantly lower than the national average.
The community is warm and inviting, with plenty of local activities to keep retirees engaged. From small-town events to state parks and hiking trails, there’s always something to do. Healthcare access is reliable, and amenities such as shopping and dining are close by. For those seeking affordability paired with Southern charm, Lake Guntersville is an excellent pick.
17. Lake Sinclair, Georgia
Lake Sinclair, located in central Georgia, is an affordable and peaceful destination for retirees who love lakeside living. The lake is popular for fishing, boating, and swimming, and the surrounding areas offer a slower pace of life. Homes in the Lake Sinclair region are very reasonably priced compared to many other lakefront communities. The overall cost of living is low, helping retirees maximize their savings.
The nearby town of Milledgeville provides access to healthcare, shopping, and cultural activities. Retirees can enjoy small-town charm with plenty of opportunities for socializing and community involvement. Outdoor enthusiasts will find plenty of trails, parks, and water activities to fill their days. Lake Sinclair offers a perfect blend of affordability, natural beauty, and comfort.
18. Lake Greenwood, South Carolina
Lake Greenwood is another South Carolina gem that offers affordability alongside lakeside serenity. The lake spans 11,000 acres and is a popular spot for fishing, boating, and kayaking. Housing around Lake Greenwood is modestly priced, with options for cozy homes and cabins that fit within most retirement budgets. The cost of living in the area is also significantly lower than in many other retirement destinations.
The local community is welcoming and offers a relaxed, friendly atmosphere. Retirees can enjoy farmers’ markets, festivals, and local dining while staying connected to nature. Healthcare and essential services are within easy reach, adding to the convenience of retiring here. With its mix of affordability and lakeside charm, Lake Greenwood is a peaceful retreat for retirees.
19. Lake Keowee, South Carolina
Lake Keowee, located in the foothills of the Blue Ridge Mountains, is both affordable and scenic. Known for its clear water and stunning surroundings, this lake offers retirees ample opportunities for boating, swimming, and fishing. Housing is budget-friendly compared to other mountain-lake communities, making it possible to retire comfortably by the water. The cost of living in this part of South Carolina is also lower than many national averages.
The nearby town of Seneca provides all the amenities retirees need, from healthcare to shopping and dining. The community is active and welcoming, with local clubs and events to help newcomers feel at home. Outdoor enthusiasts can enjoy nearby hiking trails and mountain views. For retirees who want mountain beauty paired with affordable lakeside living, Lake Keowee is a perfect choice.
20. Lake Eufaula, Oklahoma
Lake Eufaula in eastern Oklahoma is one of the state’s most affordable and beautiful retirement spots. As the largest lake in Oklahoma, it offers endless outdoor activities, including fishing, boating, and camping. Housing prices are low, with plenty of small homes and lakefront cabins available for retirees. The cost of living is also budget-friendly, making it a practical option for those on a fixed income.
The surrounding community is warm and relaxed, with a focus on outdoor living and small-town hospitality. Retirees can enjoy local festivals, farmers’ markets, and plenty of scenic trails. Healthcare and everyday amenities are close by, ensuring a comfortable lifestyle. Lake Eufaula combines affordability with lakeside recreation, making it a top pick for retirees looking for value and beauty.
This post Want to Retire by the Lake? These 20 Communities Are Incredibly Affordable was first published on American Charm.
