It’s the big vs. small debate, complete with data. Which helps you save faster for early retirement: big cities, which tend to be more expensive, or small towns, which may be cheaper but may also have less opportunity and higher costs in some areas. Let’s break it all down, and weigh how your personal tendencies and interests play into it all.
We love the small mountain town where we live, but the reality is that we’re not actually here all that much because of work travel. What happens when we stop getting our fill of city time, courtesy of work? Are we cut out for small town living for the long haul?
we’ve mentioned many times that we live in a small town, and very deliberately moved here as a part of our early retirement plans. while we for sure could have still saved for retirement in the expensive city we came from, it would have taken longer, and we wouldn’t have had the lifestyle we wanted. and we’re happy living in our small mountain town, though it’s not all sunshine and roses. here’s our breakdown of the pros and cons.
today’s post continues the conversation about whether you should move to retire, and asks: should you downsize your home when you retire? we bought our house thinking it was our forever home, but now realize it’s more house than we need, and are pondering one last move when we quit our jobs in a few years.
