5 expensive US cities to retire in

Retirement » 5 Expensive US Cities To Retire In

San Jose, Calif.
San Jose, Calif. © cheng/

In San Jose, Calif., average energy costs are $243 per month, compared to $172 in San Francisco. Food, medicine and gasoline tend to cost about the same, but a car is a necessity in San Jose.

MaryAnn Ellison is a San Jose native who retired in her hometown after a 30-year career. "My husband and I bought our home over 35 years ago, and that alone has made it possible to retire in this city," she says. "We paid our mortgage off a long time ago and never got a home loan. That's a huge mistake too many people made; then it blew up in 2008. … If we'd taken a second mortgage like our friends, I'd probably need to work into my 70s, or we'd have to sell the house and move somewhere cheaper."

At $783,250, the average home price in San Jose is a bit less than San Francisco's, but still far above national averages. "I guess if we sold, we could have a more lavish lifestyle someplace cheaper, but this is my home," MaryAnn said. "I'm not going anywhere."


Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.


Jennie Phipps

Why Obama’s plan is good for retirement

The president's proposed fiscal 2017 budget includes some provisions to encourage workplace retirement plans.  ... Read more

Partner Center

Connect with us