Transitioning from work to retirement focuses your mind powerfully on the cost of living. Where you were collecting a paycheck and enjoying regular raises and overtime, you now have to rely on a fixed income and limited savings.
Stretching the finite resources of your retirement funds to last the rest of your life is an important concern for most people. A good way to stretch that retirement dollar is to move from your home state to another part of the country where the cost of living is lower.
Arlington, Texas, may not have the cheapest costs of living relative to other states, but there are advantages that can make Arlington a good place to lower your cost of living expenses.
Read the following article to familiarize yourself with the cost of living in Arlington, Texas and see if it’s a good place to spend your retirement.
The cost of groceries in Arlington is not much different from the national average. You can buy a quart of milk for about $0.75 and a dozen large eggs for between $2 and $2.50. Staple foods like bread are inexpensive at about $1 per loaf; potatoes will be found for $0.75 per pound. Apples are a little more expensive than average at just under $1.80 per pound.
Eating out in Arlington is not expensive. A fast food meal will cost between $6 and $8 for one person, a pub meal will cost more at $7 to $15, and a restaurant meal is broadly priced between $10 and $40. If you enjoy Tex-Mex and Southwestern cuisine, then that may be another consideration.
Gas prices in Arlington are lower than the national average, and auto insurance is about the national average. Of course, a retiree doesn’t have a daily commute, which will reduce the cost of gas and car repairs considerably. A car that is driven fewer miles is also generally cheaper to insure.
Outside the Dallas area, traffic during off-peak hours is light in the Arlington area, and Texas highways are long, straight, and easy to negotiate.
Senior care costs in Arlington are below the national average. Residing in a nursing home facility in Arlington can cost well under the national median cost of $91,000 per year. A semi-private room will cost about $57,000 per year, and a private room will cost approximately $78,475. If you are concerned about the inevitable decline of age making a nursing home inevitable, then Arlington is a good location to consider long-term.
If you want to rent an apartment in Arlington, then the monthly rent will be about $1000 per month for a large one-bedroom in a decent area. Utility costs are cheaper than the national average at about $130 per month for heat, electric, gas, etc., for two people in a one-bedroom apartment.
Consider everything when relocating for a cheaper cost of living; convenience, ease of travel, locality, and amenities. With care, you’ll find the best place to spend your retirement.
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