The Motley Fool's "2026 Best Places to Retire" report is a deep dive into where to live and why. It examines multiple factors, from quality of life to affordability.
Most retirees have to balance those two factors, since high costs can make living in certain areas a stretch. But there's a sweet spot to be found by living near a high-cost area that's culturally rich but far enough away that the cost of living is more reasonable. This is why you might want to look at Paterson, New Jersey and Allentown, Pennsylvania.
1. Paterson, New Jersey
Paterson is within driving distance of New York City, which means you have access to all of the benefits of city living without having to actually live in the city. Plus, as The Motley Fool's "2026 Best Places to Retire in the Northeast" report highlights, Paterson has lower living costs than other areas in the region.
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That said, housing costs and taxes aren't the lowest you can find in the Northeast. But balancing cost and amenities requires trade-offs, and a higher going-in price may be worthwhile if your everyday costs are more affordable.
There are other areas of compromise here, as well, noting that the city's infrastructure could use some updating. However, Paterson is home to Great Falls National Historic Park, which would be a huge plus for those who appreciate outdoor life.
2. Allentown, Pennsylvania
Allentown provides an affordable cost of living and is within driving distance of both Philadelphia and New York City. It has a growing downtown area, but healthcare access isn't exactly top of the heap and taxes are on the high side. That said, if you like the charm of older homes and enjoy watching the snow fall, it could be the right fit.
One major issue for retirees, however, is limited access to public transportation. You'll need a car to get around. If you plan to visit New York City or Philly, that probably won't be a big deal since you'd likely be bringing a car, anyway.
Branch out and find out more
The Northeast is a big place, so there are plenty of other options to consider on The Motley Fool's "2026 Best Places to Retire in the Northeast." But don't limit yourself as you look for places to live; there could be other locations outside of the Northeast that you aren't thinking about right now, but should be.
Check out The Motley Fool's "2026 Best Places to Retire" report in its entirety and see what else the country has to offer... and then hit the road and visit the places you think you'll like the most.
