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Houston is one of the best places to downsize and save in retirement

by Emily Marek

The Bayou City is a perfect match for homeowners looking to downsize in their golden years, according to research from Mirador Living.

The assisted-living search platform analyzed Zillow data and found that Houston is the No. 10 city for seniors who stand to save big money by downsizing from a three-bedroom living space to a one-bedroom space.

Given the average price of a three-bedroom living space — $404,260 — downsizers in Houston stand to decrease their housing costs by 53.76% when selling and moving into one-bedroom spaces, which carry an average price of $186,919.

On the flip side, in a place like Oklahoma City, where the average three-bedroom home costs $225,625, one-bedroom homes are only 6.57% less expensive.

“Downsizing can be a complex decision, but understanding where it offers the greatest financial benefits can help retirees make informed choices for their next chapter,” Dharam Khalsa, CEO and co-founder of Mirador Living, said in a press release.

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