Retiring from the workforce brings numerous benefits — ample free time for pursuing long-held desires, the flexibility to travel and explore hobbies, and perhaps even the opportunity to purchase a luxury item you’ve always wanted. However, one thing that remains constant is the need to monitor your budget. While some individuals might be saving to live comfortably in retirement, others work jobs with retirement plans to supplement their Social Security income. Regardless, it’s crucial to manage your fixed income wisely.
For this reason, a town in Texas emerges as the perfect retirement spot, even if your savings or income aren’t substantial. Bastrop, Texas, is renowned for its suitability as a retirement destination, where a single person can live comfortably on approximately $45,600 annually, as noted by World Atlas.
What makes Bastrop so appealing to retirees?
Retirees have diverse interests, and Bastrop caters to a wide range of activities and preferences. It offers small-town charm yet is conveniently located just 33 miles from Austin, should the allure of the big city call. Nature enthusiasts will appreciate Bastrop State Park and the Colorado River, which provide numerous opportunities for hiking, camping, and exploration. For those interested in concerts or rodeos, the official Bastrop events calendar lists various entertainment options.
While some seniors may curtail spending in retirement, Bastrop residents benefit from Texas’s lack of income tax. This means that even with an income of around $46,000 a year, you can save a bit extra to continue enjoying the things that enhance your happiness and lifestyle during retirement.
The history of Bastrop, Texas
While Austin boasts a vibrant music and cultural scene, Bastrop offers a quieter, more intimate setting with a rich historical background. Established in 1832, the area’s roots trace back to 1804. History enthusiasts will find interest in learning about the Tonkawa, the indigenous people who originally inhabited the land before Spanish colonization, followed by the Texas Revolution of 1836 and the timber boom in the Lost Pines Forest during the 19th century.
Historically, many have come to Texas in search of prosperity, and Bastrop has been a part of that journey. While being upper-class in Texas requires an annual income of at least $152,584, Bastrop is known for respecting its history while offering retirees a chance to enjoy a future without excessive financial strain. If you’re seeking a retirement location where you can be part of a historical legacy without the need to scrimp on every expense, Bastrop might be the ideal place to settle.
