What's your basic housing expenses after retirement (excluding electric, gas. water)?

[Vacation4us]

Actually this thread is very helpful for comparison . What it tells me is now that my house is paid for a LCOL or MCOL location will not necessarily decrease what I spend on taxes and insurance. So unless I need access to the large equity in my home there is no point in selling and moving to parts unknown.

 

[Sirka]

+1

Example our property taxes are roughly $5,000 per yr. as we live in IL.

If we move to TN the same house would be approximately $1,000 in property tax.

+2
Housing costs depends on where you choose to live in retirement.

 

[meleana]

Retirement house is paid for. Was brand new at $274, 400. Just moved in February of this year.



Pay $415 per month in real estate taxes and HOA is $150 per month. Homeowners insurance is $42 per month. (does not include umbrella insurance which is $26 per month).

 

[Suppertime]

No mortgage, HCOL area.

Prop tax: $15,000/yr
Insurance: $1,000/yr
HOA: $2,400/yr

$1,533/month

 

[james22]

If you paid off your mortgage, you still have to pay for 1) realty taxes + 2) home insurance + 3) HOA for some. If you exclude your electric/gas/water bill, how much do you pay for very basic housing cost?

Austin, TX condo

$550 property tax
$20 insurance
$360 HOA
$930/month, $11,160/year

 

[DrRoy]

Tax, Insur, Hoa about $410/mo.