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Old 06-07-2020, 07:58 AM   #101
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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.
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Old 06-07-2020, 12:22 PM   #102
Recycles dryer sheets
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Quote:
Originally Posted by Sunset View Post
+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.
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Old 06-07-2020, 12:45 PM   #103
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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).
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Old 06-09-2020, 05:23 PM   #104
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No mortgage, HCOL area.

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

$1,533/month
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Old 06-11-2020, 03:58 AM   #105
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Quote:
Originally Posted by cyber888 View Post
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
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Old 06-11-2020, 06:23 AM   #106
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Tax, Insur, Hoa about $410/mo.
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