Property costs have skyrocketed, and there’s a huge gap between the property prices in the big cities compared to the smaller ones. Senior citizens have a limited flow of income, and they may find it difficult to meet the high cost of living in the big cities. Is it worth it for senior citizens to move to a smaller city and end their financial difficulties? Let’s check out various aspects of moving to a smaller city.

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Property Cost And Rent Is Lower In A Smaller City

Depending on which city you move to, you can save a huge amount when it comes to buying a property in a smaller city compared to bigger cities. For example, in cities like Mumbai, Hyderabad, Bangalore, etc., the property rate may vary from Rs 10,000 per square feet to Rs 20,000 per square feet depending on the location and type of property. On the other hand, in smaller cities, you can get a property at a much lower rate, i.e., in the range of around Rs 3,500per square feet to Rs 5,000per sq.ft.The society charges maintenance charges, municipal tax, etc. may also cost you much cheaper than the big cities. So, shifting to a smaller city may save you lots of money in terms of property prices and related expenses.

Reduced Travelling Cost

In a smaller city, you don’t often need to travel as you may get most of the things in nearby locations. So, it can save you money towards travelling costs.

Pollution Free Environment

You can get a pollution-free environment in the smaller cities that can help you stay healthy. In the big cities, senior citizens may find it difficult to cope with the high air and noise pollution. A pollution-free environment can help senior citizens in cutting their medical bills.

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Cheaper Supporting Staffs

Elderly people require 24-hour care and human support. In big cities, they may find it difficult to pay the bill for the supporting staff. In smaller cities, they may find it cheaper to hire supporting staff.

Things To Keep In Mind

Though it may seem cost-friendly to move from a big city to a smaller one to save money, it may not be easy for senior people to adjust to a new environment. Smaller cities often lack adequate medical facilities, which are essential for senior citizens. Senior people should live in a place which is located closer to their relatives and friends so that they don’t feel lonely. In terms of reducing costs, smaller cities may prove to be attractive, but in terms of quality of life, they may not match with the big cities.

Senior people can explore living in a senior living project near to their existing city. It can allow them access to all the essential facilities, provide adequate amenities and keep them close to their family and friends.

The author is an independent financial journalist.