GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Varying US dollar bills on California flag stock photo

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.

Living costs vary greatly depending on where in California you live, however.

facebook sharing button

There are still plenty ofeven popular citiesthat come under $5,000 a month.

While many cities are famous for their high property prices, there are many affordable alternatives.

Surrounding neighborhoods ofbigger metropolitan areasor smaller towns provide a break on your mortgage payments.

twitter sharing button

Tax-Friendly for Your Benefits

California providesseveral tax benefits, making retirement more affordable.

Social Security benefits arent taxed at the state level, significantly reducing your tax burden.

These initiatives help lower the financial strain on retirees, making it easier to manage living expenses.

linkedin sharing button

The states home to some of the best medical facilities and healthcare providers in the country.

With numerous hospitals, clinics andspecialized care centers, retirees can find excellent healthcare options without traveling far.

The mild winters and overall gentle climate the state boasts can support outdoor activities all year long.

email sharing button

Staying active can help retirees maintain their health and well-being, potentially reducing medical expenses.

More From GOBankingRates

Share This Article:

The Latest inRetirement