Lake towns are often charming, picturesque communities that offer a mix of recreation and relaxation. And while many lake towns are vacation destinations that have high in-season prices, there are plenty of communities where retirees can affordably settle down year-round.
On average, household spending for those 65 years and older — with an average household size of 1.7 people — is about $5,000 per month, according to the Consumer Expenditure Surveys (CE) program from the U.S. Bureau of Labor Statistics.
