Most, Least Affordable Retirement Towns

As more and more Baby Boomers join in on the hunt for the best places to retire, a new study finds the most and least affordable markets.

Sebring, Fla. is the most affordable, while San Luis Obispo, Calif. is the least affordable, according to analysis done by Realtor.com. The median list price for a single-family home in Sebring is $180,100, while San Luis Obispo's median list price offering is $729,600. Comparing the shares of residents aged 60 years and up, seniors account for 40.8 percent of Sebring's population, and 26.2 percent of San Luis Obispo's.

After decades of hard work, real estate agent Sharon Clift, 62, decided to retire along with her husband, a former machinist at Caterpillar. So in April, the couple uprooted their lives and moved from Peoria, IL, to Sebring, Fla., where they had purchased a 2,500-square-foot ranch on an acre of land for $340,000. The home came with maple cabinets, charming crown molding, and two garages—one of them just perfect for a fully appointed man cave.

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