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Old 05-16-2014, 06:44 PM
 
Location: Lakeland, Florida
6,972 posts, read 12,480,117 times
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Quote:
Originally Posted by Escort Rider View Post
The ranking of 381 metro areas by cost of living is very interesting and useful, especially as compared to most best/worst for retirement lists posted in this Retirement Forum because:

1. Only one factor is involved - cost of living. No attempt is made to mix in other factors for some sort of overall ranking, which in my opinion results in strange and problematic results. No claim is made as to whether cost of living does, or does not, equate to desirability as a retirement location.

2. The ranking is by metro areas, not states. Trying to assign any kind of ranking to states is problematic, as has been discussed in this forum quite often.

Some random observations on my part:

Boston is 16th - I had expected it to be higher. Los Angeles is tied for 10th - consistent with previous cost of living lists I have seen. California has 9 of the highest 20 metro areas - no surprise there. Two California Bay Area locations are more expensive than San Francisco itself - I had not expected that. The 20 lowest cost metro areas are clustered mostly but not entirely in the southeast (Alabama, Georgia, Mississippi, Tennessee, Kentucky) - no surprise there.
I think with Boston the reference point is the Metro, which has been extending itself even to New Hampshire and Rhode Island now. So the 16 is referring to that. The city of Boston and the close in suburbs are extremely expensive and would be in the top 10 or top 5.
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Old 05-17-2014, 06:20 AM
 
38,105 posts, read 14,885,535 times
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Quote:
Originally Posted by Mr5150 View Post
Yep. This list only takes into account the Cost of living. I'm sorry, but I am not moving to some hell hole to save money.
Quote:
Originally Posted by Escort Rider View Post
That's the whole beauty of the list, that it only takes into account the cost of living! That's all it was designed to do! It was neither designed nor presented as a guide for where people are going to want to move. Cost of living is one single parameter which may be important to many people. People can take that parameter, assign to it the importance which they want, and use it among many other parameters to make decisions.

No one expects anyone else to move "to some hell hole to save money". Do you normally have this much trouble understanding the context of something?
Where was Hell Hole on the list?

I might consider moving there if the HOA gets on my case one more time about my tomatoes.
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Old 05-17-2014, 06:35 AM
 
Location: Sunny Florida
7,136 posts, read 11,008,830 times
Reputation: 9460
We retired and relocated from 245 to 62 and our cost of living has actually gone down. We spend a lot less on utilities and our quality of life is better here, so we are happy.
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Old 05-17-2014, 06:53 AM
 
29,766 posts, read 34,851,819 times
Reputation: 11675
Quote:
Originally Posted by Sunnydee View Post
We retired and relocated from 245 to 62 and our cost of living has actually gone down. We spend a lot less on utilities and our quality of life is better here, so we are happy.
There is a lot of number crunching and angles to be considered in planning retirement. As you note depending on you personal circumstances things can work out for the better going from lower to higher Cost of living.
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Old 05-17-2014, 07:04 AM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,920,408 times
Reputation: 6716
Quote:
Originally Posted by Escort Rider View Post
...Boston is 16th - I had expected it to be higher...
One problem with metro areas is they can vary a lot. Boston has some very high priced spread parts - slums as well. Although it involves more "slicing and dicing" - I think cost of housing by zip code is a more accurate way to look at things.

Also - it's hard to look at something like the cost of housing without comparing what housing you're talking about. $300k might get you a nice new 2500 sf house in place X - a 50 year old 500 sf bungalow in place Y.

BTW - I'm with you in terms of Los Angeles versus New York. At least in terms of visiting. Probably also living as well. I think one can live reasonably well in many nicer parts of the Los Angeles metro area for far less money than it would take in many nicer parts of the New York metro area. Also note that one of the things you mentioned - live theater - isn't anywhere near the draw in New York that it used to be (it's become so expensive to produce shows that they tend to be safe and predictable and boring these days - not fresh and interesting).

In terms of those really expensive areas in northern California - it's totally a tech thing. Every time there's a new successful IPO - a few more bus loads of multi-millionaires are created. All competing for a relatively small amount of housing. The housing costs in and around a place like Palo Alto are truly staggering:

Moderator cut: link removed, linking to competitor sites is not allowed

Robyn

Last edited by Yac; 05-23-2014 at 06:48 AM..
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Old 05-17-2014, 07:14 AM
 
29,766 posts, read 34,851,819 times
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Quote:
Originally Posted by Robyn55 View Post
One problem with metro areas is they can vary a lot. Boston has some very high priced spread parts - slums as well. Although it involves more "slicing and dicing" - I think cost of housing by zip code is a more accurate way to look at things.

Also - it's hard to look at something like the cost of housing without comparing what housing you're talking about. $300k might get you a nice new 2500 sf house in place X - a 50 year old 500 sf bungalow in place Y.

BTW - I'm with you in terms of Los Angeles versus New York. At least in terms of visiting. Probably also living as well. I think one can live reasonably well in many nicer parts of the Los Angeles metro area for far less money than it would take in many nicer parts of the New York metro area. Also note that one of the things you mentioned - live theater - isn't anywhere near the draw in New York that it used to be (it's become so expensive to produce shows that they tend to be safe and predictable and boring these days - not fresh and interesting).

In terms of those really expensive areas in northern California - it's totally a tech thing. Every time there's a new successful IPO - a few more bus loads of multi-millionaires are created. All competing for a relatively small amount of housing. The housing costs in and around a place like Palo Alto are truly staggering:

Moderator cut: link removed, linking to competitor sites is not allowed

Robyn
One of the nice things about the Raleigh/Durham area is you can get great shows in pre and post Broadway runs at a much lower costs at quality performing arts centers.

Last edited by Yac; 05-23-2014 at 06:47 AM..
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Old 05-17-2014, 07:38 AM
 
Location: Glenbogle
730 posts, read 1,026,458 times
Reputation: 1046
Quote:
Originally Posted by MadManofBethesda View Post
Huh? You're from NY and you're not familiar with what encompasses the New York Metropolitan Statistical Area? Of course, LI is part of the NY MSA.
Yes it certainly is. I am just amused that the list-makers mentioned NJ and PA but *not* Long Island in the "description" of the NY Metro Statistical Area and anyone who lives in the tri-state knows that.

However, someone elsewhere in the country may have no clue that "NY Metro" encompasses Manhattan/Brooklyn/Queens/Bronx/Staten Island/Westchester/LI and the commuter/bedroom counties (only) of CT and NJ.

On the other hand I don't think many people from this area would consider ANY part of PA as part of NY statistical metro. That's just silly.
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Old 05-17-2014, 08:26 AM
 
Location: Center City
6,850 posts, read 7,795,643 times
Reputation: 9469
Quote:
Originally Posted by mastequila View Post
Challenge accepted! "you get what you pay for" NOT as generally true as "you pay for what you get".
Ah, but I never said I would accept the challenge.
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Old 05-17-2014, 10:01 AM
 
Location: Ponte Vedra Beach FL
14,628 posts, read 17,920,408 times
Reputation: 6716
Quote:
Originally Posted by TuborgP View Post
One of the nice things about the Raleigh/Durham area is you can get great shows in pre and post Broadway runs at a much lower costs at quality performing arts centers.
I think that's true in just about any metro area in the US these days. Except for the "pre-Broadway" tryouts. I've only been to one that I can recall - for one of Jackie Mason's Broadway shows. JAX was an odd place for this "tryout". Guess Mr. Mason figured it was about as far away as he could get from Broadway - and he could also invite the entire Jewish community . It's interesting going to a try out for a standup comedy show. Because when jokes didn't work - Mr. Mason would stop - and rework them. Until he got laughs. Robyn
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Old 05-17-2014, 10:09 AM
 
Location: Keystone State
1,765 posts, read 1,884,661 times
Reputation: 2118
Quote:
Originally Posted by Minervah View Post
One thing I would wonder about is the amenities these places have to offer senior citizens. I can't see myself moving to many because they don't have what I need. My choice, to which I am moving in a few weeks is Cleveland Hts, Ohio. It has bus service, is located four miles from the Cleveland Clinic which is a big reason for my move, a neighborhood that is a couple of blocks from a grocery store and other shopping. There are also other advantages for seniors. All this and a reasonable COL.

This "Best Places" lists are never really accurate. Best places for whom?

Best of luck in your move Minervah! I hope you post about your experiences and how everything works out for you. I am thinking of relocating in a couple of years, first I thought of checking out the Pacific NW, but I think it would be way too expensive for me. Now I'm thinking of heading back towards where I'm from. Ohio would work for me because it is close enough to family, but maybe not as expensive. It sounds like you're moving to an ideal place to meet your needs which are similar to what I've been searching for.

Good Luck! Safe Travels!
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