When most people think about retirement, they envision a lengthy period of relaxation in their favorite sunny locale. Unfortunately, for many cash-strapped retirees, that dream is nothing more than a pipe dream. Even if you're living on a limited budget, though, that doesn't mean your retirement has to be spent in an undesirable location. With a little bit of planning, you can find an affordable retirement destination that also features pleasant weather. To help you get started, GOBankingRates looked at hundreds of U.S. cities to find the cheapest places to retire that offer favorable climates. So whether you're looking for a retirement spot with year-round sunshine or mild winters, there's sure to be a location on our list that's perfect for you. And best of all, you can rest assured knowing that you won't have to break the bank to enjoy your golden years.
Living in a warm and sunny place is still the number one dream of many seniors. So we had a look at places like California, Arizona and Florida. But unfortunately, these hotspots are more expensive than ever. In fact, California and Arizona even have such unrealistically high property prices that most retirees can hardly afford them. Retirees looking for affordable housing in a sunny climate should turn their eyes to the South.
Alabama, Arkansas, and Louisiana are among the states with affordable housing options and relatively warm climates. Not only are property prices lower here than they are in more popular retirement destinations, but there is also plenty of affordable activities and attractions to keep retirees busy. In addition, residents of these states are taxed less than in other states, making them great options for budget-conscious seniors.
Our data team also identified affordable retirement cities in some of the cooler climates. Many of these cities are located in the Midwest and Northeast regions, such as Pittsburgh, PA; Lansing, MI; and Syracuse, NY. While these locations may not boast year-round sunshine, they do offer affordable housing costs and plenty of activities for retirees who want to stay active.
So let's dive right into the top 11 affordable places to retire in the United States in 2022. This list is based on median home prices, cost of living, healthcare costs and taxes for retirees. With these affordable retirement locations, you can rest assured that your golden years will be filled with fun activities and affordable housing costs.
Jacksonville, Florida
Jacksonville, Florida is a great choice for retirees. The city has a lot to offer, including beautiful weather, plenty of recreational opportunities, and a low cost of living. In addition, Jacksonville is home to a large number of retirement communities, which can provide retirees with access to amenities like swimming pools, fitness centers, and social activities. And because the city is located on the Atlantic coast, retirees can enjoy easy access to beaches and other water-based activities. Whether you're looking for a laid-back lifestyle or an active community, Jacksonville is sure to have something to offer. So if you're thinking about retiring to Florida, be sure to give Jacksonville a closer look.
Tarboro, North Carolina
If you're thinking about retiring to Tarboro, North Carolina, you're not alone. In recent years, the town has become a popular destination for retirees, thanks to its low cost of living, friendly community, and proximity to amenities. If you're looking for a place to call home in your golden years, Tarboro should definitely be on your radar. Here's what you need to know about retiring in Tarboro.
Tarboro is a small town located in central North Carolina, about an hour's drive from Raleigh. The town has a population of just over 10,000, and its downtown area is listed on the National Register of Historic Places. While Tarboro is a relatively small town, it offers retirees plenty of amenities and activities. There are several golf courses in the area, as well as parks and recreation facilities. The town also has a vibrant cultural scene, with several museums and art galleries. And, of course, Tarboro is also close to some of North Carolina's best beaches. If you're looking for a place to retire that offers both natural beauty and small-town charm, Tarboro should be at the top of your list.
Myrtle Beach, South Carolina
Myrtle Beach, known for its subtropical climate, beautiful beaches, and ample golfing opportunities, is a popular retirement destination. retirees enjoy low taxes, expert health care, and a wide variety of entertainment options. The city is also home to many golf courses, tennis courts, and pools, making it easy to stay active. In addition, the city offers a variety of cultural attractions, including museums, theatres, and festivals. And with average temperatures in the low 80s, retirees can enjoy the outdoors year-round. Whether you're looking for relaxation or excitement, Myrtle Beach has something to offer everyone. So if you're thinking about retiring to this sunny city, you're sure to be making a wise decision.
Birmingham, Alabama
There's a lot to love about Birmingham, Alabama. The city has a rich history and culture, beautiful parks and green spaces, and a thriving food and entertainment scene. It's also a great place to retire. The cost of living is relatively low, and there are plenty of activities and amenities for seniors. If you're thinking about moving to Birmingham in retirement, here are a few things you should know.
The climate in Birmingham is mild, with average highs in the low 80s in the summer and low 60s in the winter. The city gets plenty of rain, so it's important to have good rain gear. And speaking of weather, tornadoes are a real threat in Alabama. Luckily, most residents have access to safe shelter, but it's still something to be aware of.
Birmingham has a lively downtown area with plenty of things to do and see. The arts are particularly well represented, with several museums, theaters, and musical venues. There's also a variety of shopping and dining options. If you're looking for some outdoor time, you can enjoy one of the city's many parks or take a walk or bike ride on one of the many trails.
Retirement can be a great time to try something new, and Birmingham is a great place to do that. Whether you're interested in exploring the city's history and culture or enjoying its diverse food and entertainment scene, Birmingham has something for everyone.
Syracuse, New York
With its affordable cost of living and its thriving cultural scene, Syracuse is an attractive option for retirees. The city offers a variety of activities to keep residents active and engaged, from museums and art galleries to hiking and biking trails. And with no state income tax and a moderate climate, Syracuse is an appealing choice for retirees who are looking for an affordable place to live. Whether you're interested in exploring the city's history or taking advantage of its natural beauty, Syracuse has something to offer everyone. So if you're considering making the move to Syracuse, you'll be sure to find everything you're looking for in this vibrant city.
Fort Myers, Florida
Florida is a state that’s known for its retirees. In fact, about 17% of Florida’s residents are age 65 or older. So, it’s no wonder that many retirees are drawn to the Sunshine State. If you’re thinking about retiring to Florida, you may be wondering what Fort Myers has to offer. Here are a few things to consider:
The weather in Fort Myers is ideal for retirees. The average temperature is a comfortable 72 degrees Fahrenheit. And, Fort Myers gets an average of 234 days of sunshine each year. That means you can enjoy plenty of time outdoors, whether you’re hitting the beach or exploring one of the city’s many parks.
Fort Myers is also home to a number of retirement communities. These communities offer amenities like swimming pools, clubhouse access, and social activities. They’re also typically located in proximity to grocery stores, pharmacies, and other businesses that retirees may need.
If you’re looking for affordable housing, Fort Myers is a great option. The median home value in the city is just $186,900. And, there are plenty of apartment and condo options available as well.
So, if you’re considering retiring to Florida, be sure to add Fort Myers to your list of potential cities. With its great weather, retirement communities, and affordable housing, Fort Myers has a lot to offer retirees.
Knoxville, Tennessee
Picture perfect, Knoxville is set against the stunning backdrop of the Great Smoky Mountains. Hailed as one of the best places to retire by U.S. News & World Report, the city offers affordable living, top-notch healthcare, and a wealth of recreational and cultural activities. The cost of living in Knoxville is nearly 10% below the national average, while housing costs are more than 20% lower. And with no state income tax, retirees can stretch their savings even further. Knoxville also boasts an excellent healthcare system, with three hospitals ranking among the best in Tennessee. When it comes to recreation, Knoxville has something for everyone. From hiking and biking in the great outdoors to exploring the city's vibrant arts scene, there's always something to do. Add in a friendly community and it's easy to see why Knoxville is such a popular retirement destination.
San Antonio, Texas
San Antonio, Texas is a great place to retire. The cost of living is relatively low, there are plenty of things to do, and the climate is pleasant. Here are a few things to keep in mind if you're thinking about retiring to San Antonio.
One important factor to consider is your housing budget. San Antonio has a wide range of housing options, from affordable apartments to luxury homes. If you're on a fixed income, you'll want to make sure that you can find an affordable place to live. There are also a number of 55+ communities in San Antonio, which offer amenities like swimming pools, clubhouses, and social activities.
Another thing to consider is your healthcare needs. San Antonio has many excellent hospitals and medical facilities. If you have any special healthcare needs, you'll want to make sure that they can be met in San Antonio. There are also a number of retirement communities that offer on-site healthcare facilities.
Finally, you'll want to think about what you'll do with your time in San Antonio. There are plenty of opportunities for recreation and entertainment. You can enjoy the city's many museums and historical sites, or take advantage of the city's thriving arts scene. There are also a number of golf courses and parks in the area. Whatever your interests, you're sure to find something to do in San Antonio.
Saint Albans, West Virginia
Saint Albans, West Virginia is a beautiful town located in the Appalachian Mountains. The town is home to a variety of businesses and activities, and its residents are friendly and welcoming. retirees who are looking for a place to enjoy their retirement will find that Saint Albans has much to offer. There are plenty of opportunities for hiking, fishing, and canoeing in the area, and the town is also home to a number of museums and historic sites. In addition, Saint Albans has a thriving community of artists and musicians, making it a great place to enjoy the arts. With its scenic beauty, vibrant community, and wide range of activities, Saint Albans is an ideal location for retirees who want to enjoy their golden years.
St. Petersburg & Tampa Bay Area, Florida
Sunshine, warm weather, and beaches- what's not to love about Florida? For retirees looking for a place to enjoy their golden years, the state of Florida is hard to beat. St. Petersburg and the Tampa Bay area offer retirees a wide range of activities and amenities, as well as a variety of housing options to suit any budget.
The St. Petersburg area is home to a number of museums and cultural attractions, including the Dali Museum and the Chihuly Collection. The area also has several professional sports teams, including the Tampa Bay Rays baseball team and the Tampa Bay Lightning hockey team. And of course, retirees can enjoy plenty of time outdoors, whether it's soaking up the sun on one of the area's many beaches or taking a leisurely walk through one of the many parks.
There are also a number of retirement communities in the St. Petersburg area that offer retirees a wide range of activities and amenities, as well as a sense of community. These communities often include features like swimming pools, golf courses, clubhouse facilities, and social events. Many also offer transportation services to help residents get around town without having to drive themselves.
Whether you're looking for a place to enjoy your retirement years or just hoping to escape the cold winters up north, St. Petersburg and the Tampa Bay area offer retirees everything they could want in a retirement destination.
St. Louis, Missouri
As anyone who's retired knows, there's a lot to think about when it comes to finding the perfect place to live. But with so many retirement communities and cities to choose from, it can be hard to know where to start. If you're looking for a place that has everything you need for a comfortable retirement, you can't go wrong with St. Louis, Missouri.
St. Louis is a great choice for retirees for a number of reasons. First, the cost of living is very reasonable, especially when compared to other major metropolitan areas. There are also plenty of activities and attractions to keep retirees busy, including museums, theaters, and historic sites. Additionally, the city is home to a number of excellent hospitals and medical facilities, which is important for retirees who want to be close to good healthcare. And finally, St. Louis has a mild climate, which means that you won't have to deal with extreme temperatures or weather conditions.
If you're thinking about retiring soon, be sure to add St. Louis, Missouri to your list of potential places to live. The city has everything you need for a comfortable and enjoyable retirement.
Gulfport, Mississippi
If you're thinking about retirement, Gulfport, Mississippi is a great place to consider. The city has a mild climate, low cost of living, and plenty of activities for seniors. Gulfport is also located near some of the best beaches in the country, making it a perfect place to enjoy your retirement. Here are a few more reasons why Gulfport is a great choice for retirees:
The city has a variety of housing options for seniors, from apartments to single-family homes. There are also several 55+ communities in Gulfport that offer amenities like swimming pools, golf courses, and clubhouses.
Gulfport has low crime rates and is rated as one of the safest cities in Mississippi. This makes it a great place to live if you're looking for peace of mind in retirement.
There are plenty of things to do in Gulfport, from visiting museums and art galleries to exploring the local restaurants and shops. There's also a vibrant nightlife scene if you're looking for some fun after dark.
If you're considering retirement, Gulfport should definitely be at the top of your list. With its affordable housing, low cost of living, and abundance of activities, it's a great place to enjoy your golden years.
Montgomery, Alabama
Montgomery, Alabama is a friendly city with a rich history waiting to be explored by retirees. The state capital, Montgomery is home to a number of historical sites, including the Civil Rights Memorial and the First White House of the Confederacy. The city also offers a variety of recreational activities, such as hiking and golfing, and is within driving distance of a number of beaches. In addition, Montgomery has a growing healthcare industry, making it a great choice for retirees who are looking for quality medical care. With its warm climate, friendly people, and abundance of things to do, Montgomery is an excellent choice for retirees looking for a new place to call home.
Cheyenne, Wyoming
For retirees looking for a change of pace, Cheyenne, Wyoming, might be the perfect place to call home. Nestled at the base of the Rocky Mountains, Cheyenne offers breathtaking views and an abundance of outdoor activities to enjoy. The city is also home to a thriving arts and culture scene, with plenty of museums, galleries, and theaters to explore. And, with its low cost of living and friendly community, Cheyenne is an ideal location for retirees. So whether you're looking for a slower pace of life or an adventure in the great outdoors, Cheyenne has something to offer. Come see for yourself why this western gem is such a popular retirement destination.
Final Thoughts
Life has become expensive with the economy struggling and the cost of living increasing. Affordable places to retire in the United States are becoming more scarce. However, with a little bit of research and planning, you can find a place that fits your lifestyle and budget. From Gulfport, Mississippi to Cheyenne, Wyoming, there are plenty of affordable cities in the United States that offer retirees peace and tranquility. So go ahead and explore your options – you never know what great retirement destination you’ll find.
