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Retire Here, Not There

Oct. 8, 2014, 5:00 a.m. EDT

Retire Here, Not There: New York

Empire State cultural buzz, without Big Apple real-estate prices

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By Anya Martin

Continued from page 4


Shutterstock
The Bear Mountain Bridge over the Hudson River, near Yorktown.

Yorktown

Real estate in Westchester County, a suburban stretch just north of New York City, can be notoriously expensive. But for retirees who want to take advantage of Westchester’s proximity, less than an hour’s drive or train ride from Manhattan, Yorktown may be a more affordable exception to the rule. The cost of living in the township is just 9.2% higher than the national average, according to Sperling’s Best Places.

Yorktown’s advantages include a vibrant downtown, a diverse restaurant scene serving up a variety of international cuisines, shopping and musical theater at Yorktown Stage, says William Butler, a salesperson with Somers, N.Y.-based Mancini Realty. Housing choices range from historic homes that back to the 1700s to new construction, he adds.

John and Michele Stevenson settled on an 850-square-foot, one-bedroom condo in Jefferson Village, an age-55-plus community that handles all outdoor upkeep, including snow removal, and provides shuttle service around town and to Jefferson Valley Mall. The couple go into New York City every few weeks for a walk, a show, dinner or to visit their son who lives in Brooklyn, but they also enjoy being within an hour’s drive of a range of locations from Connecticut to Pennsylvania. Among their favorite local pastimes are walking in the woods and treasure-hunting at flea markets; the couple also enjoy traveling up the Hudson Valley to tour historic homes such as Lyndhurst Mansion in Tarrytown, the Vanderbilt and Franklin D. Roosevelt mansions in Hyde Park and painter Frederic Edwin Church’s Olana.

Hudson Valley Hospital Center and Westchester Medical Center, a highly rated trauma-care facility, are within a 20-minute drive (in Cortlandt Manor and Valhalla, respectively). Westchester County Airport, also just 20 minutes away, is served by six airlines. But the Stevensons prefer to fly out of La Guardia in New York City, which offers more (and usually cheaper) options for direct flights.

By the numbers:

  • Population: 36,172

  • Median home cost: $162,100

  • Cost of living: 9.2% higher than average

  • Unemployment: 4.2%

Source: Sperling’s Best Places

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