Combine the fact that retirees devote such a
large part of their budgets to
housing with the fact that
house and condo prices vary significantly from one part of the country to another — the median home price is $ 692,000 in Anaheim, CA
vs. $ 91,000 in Decatur, IL — and that means moving to an area with lower
housing costs may allow you to cut your spending significantly — or divert much of what you had been devoting to
housing to other activities like travel, entertainment, hobbies, whatever.
Immigrant households tend to be
larger, averaging 3.3 people
vs. 2.5 for native - born households, according to NAR's 2002 report, «
Housing Opportunities in the Foreign - Born Market.»