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You can afford to buy a $ 300,000 home in Ski Town, but not if your HOA membership fee is $ 6,000 a year. So where can I retire?

We will retire in 2021 if possible, and our annual income from pensions will be approximately $ 30,000 to $ 40,000. I would like to live in Summit County, Colorado. Here you’ll find everything great, mountain biking, skiing, paddleboarding, but it’s ridiculously expensive.

After retiring, I plan to teach skiing and want to work at Copper Mountain, but I can’t buy anything around me. Do you have any advice on such mountainous areas where I might be able to afford something? You can probably afford a $ 250,000 or $ 300,000 home, but not if your HOA membership fee is $ 6,000 a year.

Please let us know what you think. I am desperate and discouraged.


Dear Mac,

Yeah, the popular ski town is expensive.And as I pointed out to someone Same problem, but bigger budget, Officials at these locations are not in a hurry to build more homes. And the coronavirus pandemic only made the wonderful mountain towns even more expensive by turning so many office workers into remote workers and then moving to the mountains.

If you’re looking to Summit County (home to Breckenridge, Keystone, and Arapahski Basin, as well as Copper Mountain), rent a season, ski to your heart’s content (and teach, or become a ski patroller). Would you like to consider that)? ?? ) And do you want to remove it from your bucket list? You may need to accept life in a smaller space than before, but at least you will be living your dreams. You can always expect to find a reed in an affordable permanent housing spot. I think it’s Silver Thorn or Dillon.

Where else can I go if I’m not in Summit County? Bad news: Other popular ski towns are also expensive. It will be difficult to get close to the west slopes. Probably the best ski in America. If you want to go to an affordable city and drive to the slopes, you might look at Reno. (Suggested here) And Salt Lake City.Grand Junction (Suggested here) And Wenachi, Washington, (Suggestions here) A small option with skis nearby.

Be realistic about your budget. You know your lifestyle. I don’t Talk to your pension provider (or 401 (k)?) To get a more accurate estimate of your annual income. That range makes me nervous. How does social security fit in? How much can you earn as a ski instructor unfamiliar with the resort? Remember to leave a line for income tax when you do math.

And can you hide more cash before you retire and grow it over the decades you still live? You don’t want to run out of money when you retire.

That said, I asked MarketWatch’s “Where to Retire” tool for suggestions on your ersatz dream spot, focusing on ski towns and median home prices of less than $ 300,000. You (and your wife) may have other criteria that can lead to other suggestions when you are not on the slopes.

You still have to compromise on that wishlist. Here are three places to get started:

Getty Images / iStockphoto

Logan, Utah

Living in this city of 51,500 people in northeastern Utah, the Wellsville Mountains are the western background. I’m a fan thanks to the additional equipment that the university town brings, which is home to Utah State University and 19,000 students.The Milken Institute includes it in 10 best little metros for successful aging..

Skiing is east.To follow Logan Canyon Scenic Byway To Beaver MountainA small family-owned resort just below the border of Idaho. It has that Utah powder, but little is known to anyone but the locals. It’s also small: only 4 lifts but 48 trails.

The downside of Logan is that it is 30 miles away from the slopes. Garden City on the east side is half the distance, Bear Lake, But finding something in your price range can be difficult. On the other hand, there is a lake, which is the second largest freshwater lake in the state, and tourists have such dark blue water and sandy beaches, “Caribbean Sea in the Rocky Mountains.. “

You can also ski Cherry peakA small resort less than 20 miles north of Logan.

Click here for mountain biking Some options To get started with Logan.Or head to Uinta Wasatch Cash National Forest Located north of town and in Beaver Mountain. And keep an eye out for the hot springs in this area.

Of the three suggestions, this gives you the hottest and driest summer weather.

Take a look to get a feel for Logan’s housing market list (Similar to MarketWatch, owned by News Corp.).

Downtown Rutland

Getty Images / iStockphoto

Killington, Vermont

Well, it’s likely to be Rutland 15 miles away Kirington Resort, The largest ski area on the east coast. (((Pico mountain A nearby ski option. ) Kirington itself has less than 1,000 people, and Mendon on the way to Rutland is just above that.

However, Rutland has 15,000 inhabitants, about a quarter of the 58,000 in Rutland County. And the homes here will be cheaper than Logan.

One of the compromises you need to make is that East Coast skis are more ice than West powder.

You can start mountain biking away from the slopes Pine Hill Park..With paddle board Chittenden Reservoir Rutland or 16km from it Lake Bomocine (The largest lake in the state) 20 miles away. Check out 26 miles Delaware and Hudson Rail TrailThe northern end is located in Castleton, less than 15 miles west of Rutland, and meanders back to Vermont in New York State (with a gap).

This is What is currently on the marketUse the list again

Along the road of Cordarine

Courtesy Idaho State Park and Recreation

Kellogg’s, Idaho

This suggestion is from the list. The most affordable ski town.. Shoshone County, located in Idaho Panhandle, is not part of the Government-labeled metropolitan or micropolitan statistical area and is not included in the MarketWatch Retirement Tool.

Your ski resort Silver Mountain Resort, Right next to the town’s interstate highway. It snows 340 inches a year and is said to have seven lifts, 1,600 acres and 2,200 feet of vertical descent.

Only 2,100 people live in Kellogg and less than 13,000 in the county. It’s not a booming area, but it’s 30 minutes from Idaho’s fast-growing and expensive coderlane and an hour from Spokane, Washington.

Paved 73-mile trail of Coeur d’Alenes Partly through the town along the Courdalene River. If you can’t row the board in the river, head to the lake around Corder Lane.

The median home price fits your budget. On the contrary, because it is a small town, supply is always limited. A little history: this is a mining area, 1972 Fire at Sunshine Mine The town, which killed 91 people, is considered the worst mining accident in Idaho.

This is What is currently on the market..

Readers, where should Mack and his wife retire? Please leave your suggestions in the comments section.

Retirement details:

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You can afford to buy a $ 300,000 home in Ski Town, but not if your HOA membership fee is $ 6,000 a year. So where can I retire? You can afford to buy a $ 300,000 home in Ski Town, but not if your HOA membership fee is $ 6,000 a year. So where can I retire?

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