Virginia, with its tapestry of rich history, breathtaking landscapes, and diverse settings, presents an idyllic backdrop for retirees. From the majestic Blue Ridge Mountains to the tranquil shores of the Atlantic, Virginia blends urban sophistication with natural beauty, offering a serene yet vibrant setting for retirement. This exploration delves into the top 10 locales within Virginia that are not only budget-friendly but also rich in culture, history, and natural splendor, ensuring that every retiree can find their perfect place to retire.
10 Best Places to Retire in Virginia on a Budget
- Why Virginia for Retirement?
- Criteria for Selection
- Top 10 Affordable Places to Retire in Virginia
- Final Thoughts
Why Virginia for Retirement?
Virginia stands as a testament to variety, offering a blend of mountains, beaches, historic cities, and picturesque towns. This diversity caters to an array of lifestyles and preferences, perfect for those seeking either the tranquility of nature or the dynamic pace of urban life with historical undertones. Along with its moderate climate — warm summers and mild winters — Virginia’s geographical and cultural richness makes it an unparalleled choice for retirement. This guide aims to spotlight those gems within Virginia that combine affordability with the beauty and opportunities the state is renowned for, making it a treasure trove for retirees seeking quality of life without the financial strain.
Considering retirement in Virginia? Our comprehensive list of pros and cons will help you evaluate whether Virginia is the right place for you to enjoy your golden years.
Criteria for Selection
The selection of these destinations hinges on critical factors vital for a fulfilling retirement: affordability, healthcare access, community engagement, and quality of life. Each chosen location exemplifies how one can enjoy a rich, satisfying retirement experience without compromising on affordability or quality of life. In addition, the presence of thriving senior communities, access to quality healthcare, and low tax burdens for retirees are considered to ensure that each location supports a comfortable and engaging retirement lifestyle.
Top 10 Affordable Places to Retire in Virginia
10. Virginia Beach
- Population (2024): 451,590
- Cost of Living Score: 104.8 (4.8% higher than the national average)
- Median listing price: $505,767
- Top choice for: a coastal retreat with urban flair
Virginia Beach offers retirees a unique coastal living experience with its stunning beaches, vibrant community, and rich cultural history. This city is not just about sun and sand; it also boasts a thriving arts scene with live music, theater, and yearly festivals that cater to a variety of interests.
The Boardwalk at Virginia Beach stretches over three miles, providing a scenic backdrop for walking, biking, and enjoying the ocean views. Nearby, the Chesapeake Bay offers quieter waters ideal for fishing and boating. For those interested in history and nature, First Landing State Park marks the first arrival of the English colonists and offers beautiful trails and educational programs.
Virginia Beach’s community is active and friendly, with plenty of opportunities for socializing and recreation. The city also prides itself on its safety and well-maintained neighborhoods, making it an attractive option for retirees seeking a lively yet peaceful environment. Whether you’re looking for leisure by the sea or cultural enrichment, Virginia Beach serves as a charming and dynamic retirement destination.
9. Blacksburg
- Population (2024): 46,475
- Cost of Living Score: 89.6 (10.4% lower than the national average)
- Median listing price: $559,000
- Top choice for: a university town with cultural depth
Blacksburg, Virginia, known for hosting Virginia Tech, offers retirees a unique combination of collegiate energy and small-town ambiance. This town is celebrated for its educational opportunities and youthful atmosphere, providing countless options for lifelong learning and cultural involvement.
Located in the New River Valley, Blacksburg is surrounded by the natural beauty of the Appalachian Mountains, offering easy access to hiking, biking, and outdoor adventures. The town itself has a welcoming community with a mix of local shops, restaurants, and arts venues, enhancing its lively atmosphere.
The town also hosts various community events and festivals, promoting a strong sense of community and local culture. With its blend of academic resources, engaging community activities, and scenic environment, Blacksburg is an appealing choice for retirees who appreciate intellectual stimulation and active living.
8. Winchester
- Population (2024): 27,863
- Cost of Living Score: 91.6 (8.4% lower than the national average)
- Median listing price: $531,697
- Top choice for: a historic haven close to the capital
Winchester is a charming town where retirees can absorb history while enjoying a relaxed lifestyle. Nestled in the Shenandoah Valley, Winchester is steeped in significant historical events, with numerous well-preserved sites and museums dedicated to its rich past, such as the Museum of the Shenandoah Valley and Old Town Winchester.
The town is surrounded by the natural beauty of the Blue Ridge Mountains, offering scenic views and ample opportunities for outdoor activities. The historic downtown area of Old Town Winchester is a draw with its quaint shops, local eateries, and regular community events that bring the town’s history and culture to life. Additionally, Washington DC is only a 1.5-hour drive from Winchester, offering convenient access to the nation’s capital and its array of cultural and historical attractions.
Winchester’s strong sense of community and its commitment to preserving and celebrating its heritage make it an attractive place for retirees. Here, you can enjoy a peaceful lifestyle, engage with history daily, and still find all the amenities needed for comfortable living.
7. Roanoke
- Population (2024): 95,811
- Cost of Living Score: 80.9 (18.1% lower than the national average)
- Median listing price: $357,028
- Top choice for: nature’s paradise in the Blue Ridge Mountains
Roanoke, Virginia, known as the Star City of the South, offers retirees a dynamic blend of outdoor activities and urban amenities. Situated in the Blue Ridge Mountains, the city is a haven for nature lovers, providing extensive trails for hiking and biking, and scenic overlooks, especially from the iconic Roanoke Star and Overlook.
The downtown area is bustling with activity, featuring a variety of shops, restaurants, and markets that contribute to an engaging lifestyle. Roanoke is also home to several historical sites and museums where residents can delve into the local heritage.
With its mix of mountain beauty and city conveniences, Roanoke offers retirees a balance of relaxation and activity, making it an appealing destination for those looking to stay active and connected. Plus, its proximity to larger cities and other scenic spots in Virginia adds to its allure, providing easy getaways and diverse experiences.
6. Richmond
- Population (2024): 231,782
- Cost of Living Score: 95.2 (4.8% lower than the national average)
- Median listing price: $435,329
- Top choice for: affordable urban living with a touch of history
Roanoke, Virginia, known as the Star City of the South, offers retirees a dynamic blend of outdoor activities and urban amenities. Situated in the Blue Ridge Mountains, the city is a haven for nature lovers, providing extensive trails for hiking and biking, and scenic overlooks, especially from the iconic Roanoke Star and Overlook.
The downtown area is bustling with activity, featuring a variety of shops, restaurants, and markets that contribute to an engaging lifestyle. Roanoke is also home to several historical sites and museums where residents can delve into the local heritage.
With its mix of mountain beauty and city conveniences, Roanoke offers retirees a balance of relaxation and activity, making it an appealing destination for those looking to stay active and connected. Plus, its proximity to larger cities and other scenic spots in Virginia adds to its allure, providing easy getaways and diverse experiences.
5. Martinsville
- Population (2024): 13,971
- Cost of Living Score: 67.6 (32.3% lower than the national average)
- Median listing price: $175,000
- Top choice for: scenic and serene living with a sporting spirit
Boogity! Boogity! Boogity! Let’s go racing! Martinsville, Virginia, is famous for its love of NASCAR, hosting exciting races at the Martinsville Speedway that draw fans from across the nation. This small town offers retirees more than just high-speed action; it’s a place where community and tradition are deeply valued.
Aside from the adrenaline of race days, Martinsville provides a peaceful setting with a rich history reflected in its museums and historical sites. The Virginia Museum of Natural History offers insightful exhibitions, while the historic downtown area is perfect for leisurely exploration with its charming shops and local eateries.
Surrounded by the beautiful landscapes of Southern Virginia, Martinsville also offers numerous parks and outdoor activities that encourage a slower, more relaxed pace of life. With its unique blend of fast-paced excitement and traditional small-town charm, Martinsville is an intriguing option for retirees looking for a community that celebrates both heritage and the thrill of the race.
4. Staunton
- Population (2024): 25,997
- Cost of Living Score: 79.6 (20.4% lower than the national average)
- Median listing price: $364,900
- Top choice for: artistic soul in the Shenandoah Valley
Staunton, Virginia, is a gem in the Shenandoah Valley known for its well-preserved Victorian architecture and a celebrated performing arts scene. This small town offers a unique combination of historical depth and creative energy, making it an appealing destination for retirees.
The historic downtown is a delightful stroll through time, with beautifully restored buildings that now house art galleries, antique shops, and quaint cafes. Staunton is also home to the American Shakespeare Center, which features a replica of the original Blackfriars Playhouse, offering year-round performances that bring classic theater to life.
In addition to its cultural offerings, Staunton is surrounded by the natural beauty of the Blue Ridge Mountains and provides easy access to outdoor activities like hiking and bird watching in the nearby national parks and forests. With its rich history, active arts community, and stunning surroundings, Staunton is a charming and engaging place for retirees who appreciate a slower pace of life with plenty of cultural enrichment.
3. Lynchburg
- Population (2024): 79,601
- Cost of Living Score: 80.9 (19.1% lower than the national average)
- Median listing price: $288,938
- Top choice for: a blend of history, education, and nature
Lynchburg, positioned along the historic James River, offers retirees a city steeped in American history combined with the scenic beauty of the Blue Ridge Mountains. This city, often referred to as the “City of Seven Hills,” is renowned for its historic homes, vibrant downtown, and a strong educational presence influenced by several colleges and universities.
Lynchburg’s historic downtown is a hub of activity, offering an array of local shops, restaurants, and cafes that contribute to its lively atmosphere. The community is deeply engaged in preserving its rich heritage, with numerous museums and historical sites, including the Lynchburg Museum and the Old City Cemetery, which provide insight into the city’s past.
The surrounding area offers ample opportunities for outdoor recreation, with easy access to hiking, boating, and fishing along the James River and in nearby parks. Lynchburg’s combination of historical charm, community involvement, and natural beauty makes it an attractive destination for retirees seeking a peaceful yet engaging lifestyle.
2. Abingdon
- Population (2024): 8,304
- Cost of Living Score: 83.7 (16.3% lower than the national average)
- Median listing price: $419,900
- Top choice for: affordable arts and culture in the Appalachian Highlands
Abingdon is a charming town rich in culture and history, celebrated for its well-preserved 18th-century architecture and vibrant arts scene. Home to the famous Barter Theatre, the state theater of Virginia, Abingdon offers a robust lineup of plays and musicals, drawing theater enthusiasts from across the region.
The town’s historic downtown area is lined with antique shops, art galleries, and gourmet restaurants, all set against a backdrop of quaint streets and historic buildings. Abingdon is also known for the Virginia Creeper Trail, a 34-mile rail-to-trail conversion that invites biking and walking enthusiasts to explore the scenic landscapes of Southwest Virginia.
Surrounded by the beauty of the Appalachian Mountains, Abingdon provides a picturesque setting for retirees who enjoy outdoor activities as well as cultural pursuits. With its rich history, active arts community, and stunning natural environment, Abingdon is an ideal place for retirees seeking a tranquil yet culturally rich lifestyle.
1. Hopewell
- Population (2024): 22,914
- Cost of Living Score: 79.9 (20.1% lower than the national average)
- Median listing price: $250,000
- Top choice for: waterfront living with a small-town vibe
Hopewell, located at the confluence of the James and Appomattox Rivers, offers retirees a peaceful riverside setting combined with a rich industrial history. This small city boasts a close-knit community atmosphere and is known for its charming riverfront and historical landmarks, such as the City Point National Historic Site, which played a significant role during the Civil War.
The downtown area of Hopewell provides residents with a variety of local dining and shopping options, fostering a sense of community and convenience. The city also offers numerous outdoor recreational opportunities, including fishing, boating, and scenic walks along the rivers that frame the city.
Hopewell’s commitment to community and culture is evident in its annual events and festivals, which celebrate the city’s history and river heritage. With its affordable living, scenic views, and historical charm, Hopewell is a great option for retirees looking for a quiet, community-focused lifestyle in Virginia.
Final Thoughts
Virginia offers a compelling proposition for retirees: the chance to enjoy a high-quality lifestyle without financial strain. Whether drawn to coastal retreats, historic cities, or tranquil towns, Virginia provides a spectrum of retirement options that cater to various preferences and lifestyles. With its unique blend of affordability, cultural richness, and natural beauty, Virginia stands as a premier destination for a rewarding retirement experience.
If you are considering retiring in Virginia on a budget, we recommend exploring our comprehensive lists for North Carolina, Delaware, and Tennessee as well. These neighboring states offer a variety of budget-friendly retirement options that provide similar benefits to Virginia, such as beautiful landscapes, rich history, and a wide range of recreational and cultural activities.
Median listing price data provided courtesy of realtor.com
All population data is courtesy of World Population Review
Cost of living score provided courtesy of BestPlaces.net
