Likewise, look into how much housing is going to cost you

Housing is important even if you are selling your previous house to relocate for retirement, especially since you may end up renting for a while and the prices you will pay for housing will depend a lot on the location you choose.

If you have chosen to relocate to a rural area, then you can expect it to be less expensive than an urban area. Depending on what your desires are for your new area, you may be more attracted to a rural or urban area, but housing should always be something you consider before you commit to a move of these proportions.

Moving from the hustle and bustle of a city to a more quaint community in another state may come with financial benefits, as you will be able to save more and not spend so much on housing and amenities. This can also translate into a more relaxing environment and way of life when compared to living in a city.

Housing and everything else we have talked about previously is part of your financial planning. If you need a bit of help in this area, we suggest you invest in a Financial Planner to help you keep track of all your monthly expenses before you compare them with those in another location.