It goes without saying that a vital aspect of most retirement plans is the retirement location of choice, and Roanoke, VA is one of the best cities in America to retire in, especially if you are considering senior living. While senior living is an undoubtedly a leisurely way to spend your retirement, but it is by no means a cheap pursuit. There are various factors that affect the cost of assisted living communities and one of the main ones is the cost of living in the city it is located within. Hence, one of the first considerations you have to keep in mind when choosing where to retire is the cost of living. Granted, the amount of money you will spend anywhere is dependent on numerous factors such as your desired lifestyle and the amount of existing financial burdens you have. Nonetheless, it is crucial to do your research on the living costs of the locations you are looking to move to. If you are looking to retire in Roanoke, VA, you have come to the right place. To help you on your journey, here is a breakdown of the cost of living in Roanoke, VA.
Health and Medical Costs
Medical expenses are always on the forefront of the minds of those with aging loved ones. As such, it is arguably one of the most important costs to look at when choosing a city to retire in. Unfortunately, Roanoke, VA is marginally more expensive than the national average when it comes to health-related costs. Do not feel dishearten though, because Roanoke more than makes up for the high medical costs with lower costs elsewhere. Furthermore, you can looking into health insurance as a means to alleviate the heavy burden of medical expenses.
It would come as a relief to those looking to move to Roanoke, VA that transportation costs in the city are significantly lower than the national average. Retirement communities like The Park Oak Grove are designed to have almost everything you may need at your fingertips. This means that they are often located in prime locations, near to shopping malls, local attractions such as museums and opera houses, and medical facilities. Furthermore, it is not uncommon for family members to move to the city their loved ones have retired in so that it would be easier to visit them often. Whether you are looking to take advantage of the area attractions, or to visit your loved ones, transportation expenses can start racking up day after day, so it is great news that Roanoke has extremely low transportation costs.
Retirement communities typically provide delicious and nutritious meals for their residents, but for if you enjoy cooking or perhaps anticipate days where you may not fancy the provided meals, the cost of groceries will be in your sights. Thankfully, groceries in Roanoke are slightly lower than the national average.
Overall, the cost of living in Roanoke is notably lower than that of the average American city. In fact, Roanoke has a lower cost of living than other cities in Virginia. For the financially savvy and those concerned about how they will be able to afford senior living, do consider Roanoke, VA!