A Lancashire town has been named the most affordable seaside town to retire to.
Often, areas along the coast can be pricey when it comes to buying property but there are some more reasonable options available across the UK too.
The life insurance team at Compare the Market researched the 40 most populated coastal towns in England and Wales and ranked them by a range of factors including quality of life, costs of living, number of walking trails and the percentage of the population aged over 65.
Blackpool named most affordable seaside town to retire to in the UK
Compare the Market also ranked coastal towns according to average house prices and monthly cost of living to find the most affordable, revealing Blackpool as the winner.
Blackpool is said to offer the lowest cost of living per month based on one person and excluding rent.
The average price of a house in Blackpool is £164,884 and the cost of living is £431 per month for one person which is lower than any other town.
The full research can be found via the Compare the Market website.
Most affordable seaside towns to retire to in the UK
Here are the most affordable seaside towns to retire to in the UK, along with their cost of living per month, excluding rent.
- Blackpool - £431
- Sunderland - £468
- Barry - £446
- Grimsby - £500
- South Shields - £499
- Llanelli - £499
- Swansea - £488
- Hartlepool - £527
- Birkenhead - £503
- Scarborough - £498
Anna McEntee, life insurance expert at Comparethemarket, said: “Retirement is an exciting time to start a new chapter, and escaping to the perfect seaside town can make all the difference.
"After spending the majority of our adult lives working hard, most of us dedicate our later years to getting some much-needed rest and relaxation – which is why retiring by the coast is such an attractive option.
“Whether you want to spend your retirement exploring the great outdoors and soaking up sea views, or simply need a change of scenery, coastal towns like Sunderland and Bournemouth are ideal locations.
"We encourage anyone planning for retirement to consider some of these seaside spots and explore their options to find the perfect place to enjoy their golden years."
