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Kiplinger
Kiplinger
Business
Drew Limsky

Retire in the Hamptons: Finding the Right Town for Your Budget

EAST HAMPTON, NY - AUG 06: General view of a cocktail party introducing Friends of Quinn, Understood & the National Center for Learning Disabilities partnership at Grey Gardens on August 6, 2016 in East Hampton, New York. (Photo by Kris Connor/Getty Images for My City Gives).

The Hamptons. Few places in the country — or for that matter, the world — carry the cachet of those two indelible words. To be in the Hamptons during the “season” (i.e., the summer) is to inhabit the same Long Island strip of coastal land as the boldest of the boldfaced names: celebrities, famed athletes, CEOs and billionaires of all stripes. (Beyoncé and Jay-Z, Alec Baldwin, Scarlett Johansson and Colin Jost, Jennifer Lopez and Anderson Cooper all own prime properties.)

Off-season, most of them return to Manhattan, California or Palm Beach. But there has long been a thriving year-round community of everyone from artists and shop owners to fishermen (and the accompanying social tensions between the permanent residents and “the summer people”).

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