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Home›Expert Advice›California Dreamin’: 5 WORST Places to Retire in the Golden State

California Dreamin’: 5 WORST Places to Retire in the Golden State

By Our Editorial Team  |  Published May 9, 2023

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Our editorial team verifies all financial and lifestyle information for accuracy and relevance to senior living.

California
Photo by Chris LaBasco from shutterstock.com

3. San Francisco to gorgeous Sacramento

San Francisco is surely one of the most popular cities in California, and I can see why, because it’s wonderful and there are a ton of things to do there! From testing all those delicious foods in Chinatown to having fun at a winery and visiting the amazing Alcatraz, this city will surely become one of your favorites.

However, the place that is home to the Golden Gate Bridge won’t go easy on your finances, so don’t assume that you’ll have an affordable retirement there.

I couldn’t believe this information when I first read it, but it’s true: the average price for a home is even more expensive than in LA, with a gigantic price of $1.5 million. And that won’t be the only large sum of money you’ll pay in San Francisco, because the average retiree spends no less than $164,000 a year on necessities.

If living in California is a dream of yours, you can still make it work for both your lifestyle and budget. Sacramento is a better option for people who’re looking for a special California lifestyle without breaking the bank for it.

If you decide to pack your bags and relocate to Sacramento, you’ll only pay around $504,000 for a home, and you’ll pay approximately $82,000 for your yearly expenses.

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