20 Best Cities for Retirees Looking for Affordable Living
Explore these 20 budget-friendly cities that offer great amenities, healthcare, and a relaxed lifestyle to enjoy a comfortable retirement without breaking the bank.
- Chris Graciano
- 4 min read
Selecting a retirement home that is affordable is crucial. You can increase your savings and maintain a high level of life. In this listicle, we identify the top locations for budget-conscious retirees. These towns provide affordable living costs, tax benefits, access to healthcare, and recreational opportunities that are suitable for retirees.
1. Tucson, Arizona
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With low housing costs and no state tax on Social Security benefits, Tucson is a great spot for retirees. The warm, dry climate is perfect for those with arthritis or respiratory issues.
2. Greenville, South Carolina
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Greenville combines affordability with a vibrant arts scene and mild weather. Housing costs are below the national average, and South Carolina offers tax breaks for retirees.
3. Albuquerque, New Mexico
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Retirees love Albuquerque for its low cost of living and breathtaking desert landscapes. The city provides an excellent healthcare system, and Social Security benefits are partially exempt from state taxes.
4. Pensacola, Florida
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Florida’s lack of state income tax makes Pensacola a budget-friendly retirement destination. Beautiful Gulf Coast beaches, warm weather, and affordable housing create an ideal setting.
5. Boise, Idaho
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Boise blends affordability with stunning natural beauty and a welcoming community. While the cost of living is rising, it’s still reasonable compared to larger metro areas.
6. Chattanooga, Tennessee
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With no state income tax and a reasonable cost of living, Chattanooga is a hidden gem for retirees. Nestled in the Appalachian foothills, it offers scenic views, a mild climate, and an active arts scene.
7. Corpus Christi, Texas
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Beachfront living doesn’t have to be expensive—Corpus Christi provides coastal charm at an affordable price. Texas has no state income tax, and the cost of housing remains reasonable.
8. Fayetteville, Arkansas
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Surrounded by the Ozark Mountains, Fayetteville is both scenic and affordable. The cost of living is below the national average, and Arkansas offers tax breaks for retirees.
9. Richmond, Virginia
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History lovers will appreciate Richmond’s blend of affordability and cultural attractions. The city offers tax exemptions on retirement income and a relatively low cost of housing.
10. Sioux Falls, South Dakota
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South Dakota is one of the most tax-friendly states for retirees, with no state income tax or estate tax. Sioux Falls boasts a low cost of living, affordable housing, and excellent healthcare facilities.
11. Augusta, Georgia
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Known for the Masters Golf Tournament, Augusta offers low-cost living and warm weather. Georgia provides tax breaks for retirees, including an exemption on Social Security income.
12. Des Moines, Iowa
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Des Moines consistently ranks as one of the most affordable cities in the U.S. for retirees. Low housing costs, accessible healthcare, and a welcoming community create an ideal retirement setting.
13. Lexington, Kentucky
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Retirees looking for affordability and Southern charm will find Lexington appealing. The cost of living is below the national average, and Kentucky offers partial tax breaks on retirement income.
14. El Paso, Texas
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El Paso offers low housing costs, no state income tax, and warm weather year-round. The city is known for its friendly atmosphere, cultural diversity, and excellent healthcare facilities.
15. Little Rock, Arkansas
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Arkansas’ capital city offers a mix of affordability and big-city amenities. With low property taxes and no tax on Social Security benefits, retirees can stretch their savings.
16. Spokane, Washington
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While much of Washington is expensive, Spokane remains relatively affordable. The city has no state income tax, making it attractive for retirees on a fixed income.
17. Myrtle Beach, South Carolina
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If you dream of retiring near the ocean, Myrtle Beach provides an affordable option. South Carolina offers generous tax breaks for retirees, and the cost of housing is reasonable.
18. Knoxville, Tennessee
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Knoxville is another Tennessee city benefiting from no state income tax and a low cost of living. Nestled in the Great Smoky Mountains, it offers stunning scenery and outdoor recreation.
19. Grand Rapids, Michigan
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Grand Rapids offers a lower-than-average cost of living while providing access to quality healthcare. It boasts a thriving arts and brewery scene, as well as plenty of parks and lakes.
20. Lancaster, Pennsylvania
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Lancaster is perfect for retirees seeking a slower pace of life and affordable living. Pennsylvania does not tax Social Security income, and the cost of housing is reasonable.