The 10 Best Places To Retire In The United States | Affordable & Cheapest

When it comes to retiring, most people want the same things.

A peaceful, affordable, yet stimulating place that allows optimal enjoyment of the Golden


It can be overwhelming when it comes to choosing a new city.

There are plenty of places you can retire cheaply that boast plentiful entertainment,

charming neighborhoods, affordable property, temperate weather, and lots of other retirees.

1. Pittsburgh, Pennsylvania.

Pittsburgh combines low housing costs with a high quality of life.

The median cost of homeownership is $1,100 per month for retirees making mortgage payments

and $470 monthly for those with paid-off homes, according to Census Bureau data.

The median home price among older homeowners is $140,000.

Renting is also an affordable option for retirees who don’t want the responsibility of maintaining

a home.

The median rent for people age 60 and older is $670 per month.

Pittsburgh is an ideal retirement spot for retirees who are no longer able to drive.

Free public transportation on the bus and rail systems is provided to residents age

65 and older.

2. Nashville, Tennessee.

The housing prices in this melodious city will sound like music for your retirement


Older homeowners face monthly housing costs of $1,200 with a mortgage and $430 with a

paid-off home.

The median home value among people age 60 and older is $230,000.

Renting an apartment costs a median of $830 per month in Tennessee’s state capital city.

There are also tax perks for Tennessee residents who plan to work in retirement.

The state of Tennessee doesn’t tax earned income, but does tax dividend and interest


3. San Antonio, Texas.

San Antonio features a cost of living that's slightly lower than the national average,

with the median home sale price below the national median as well.

Active adults in retirement will find every kind of housing choice – from dedicated

retirement communities to all types of housing in the city’s neighborhoods.

San Antonio offers big-city amenities and world-renowned attractions coupled with a

relaxed and inviting atmosphere.

Most famously known as the home of the Alamo, the spirit of the region expands beyond its

tourist labels, offering a community rich in Spanish and Old West heritage.

San Antonio's sees approximately 300 days of sunshine per year.

During the winter, below-freezing temperatures and snow are very uncommon.

4. Palm Bay-Melbourne, Florida.

The home of Kennedy Space Center and Cape Canaveral Air Force Station is often referred

to as the Space Coast.

A beach retirement along the Atlantic Ocean can be enjoyed at a reasonable price in the

metro area that includes Palm Bay, Melbourne and Titusville.

The area has affordable housing, costing retirees age 60 and older a median of $1,200 per month

with a mortgage, which declines to $440 among those with a paid-off home.

The median home price is just $190,2000.

You could also rent an apartment on a modest retirement income.

Renters pay a median of $900 to live along this part of Florida’s east coast.

5. Greenville, South Carolina.

Located about halfway between Atlanta and Charlotte, Greenville has considerably more

affordable housing than these larger cities.

The median home value among people age 60 and older is only $160,000.

Mortgage-free retirees can live in Greenville for a median of $320 per month, while those

making mortgage payments have $1,000 in monthly housing costs.

Renting a house or apartment allows you to test out a retirement spot before committing

to a home purchase.

It costs a median of $700 per month to rent a home in Greenville.

6. Grand Rapids, Michigan.

You don’t need a fortune to retire in Grand Rapids.

The median home price among people age 60 and older is just $170,000, according to Census

Bureau data.

Retirees with paid-off homes have median housing costs of $450 per month.

Those who are still making mortgage payments are charged a median of $1,100 monthly.

Renting an apartment can be a good way to test out a potential retirement spot and easily

move on if the neighborhood doesn’t suit you.

The median rent is $770 per month in the Grand Rapids metro area.

7. Lakeland, Florida.

Waterfront property doesn’t have to be expensive if you consider retirement in this inland

Florida area with 38 lakes.

The median home price for people age 60 and older is just $146,000.

Retirees with a mortgage pay a median of $1,140 per month in homeownership costs.

Monthly expenses drop to $400 among retiree homeowners who have paid off their mortgage.

Renters age 60 and older are charged a median of $830 per month.

Retirees in Lakeland enjoy mild winters, but watch out for the humid summers and accompanying

air conditioning bills.

There’s no state income tax in Florida, which helps to keep costs low for retirees

with part-time jobs.

8. Daytona Beach, Florida.

Retirement near the beach can be enjoyed on a modest budget in Daytona Beach.

The median home price among people age 60 and older is $185,000.

Retirees who have paid off their mortgage have a median of just $430 in monthly housing


Older homeowners with mortgages pay a median of $1,000 per month.

Renting an apartment in Daytona Beach costs a median of $930 monthly.

But don’t expect a quiet retirement in this dynamic city that contains the headquarters

for NASCAR and hosts several large motor sports events each year.

9. McAllen, Texas.

McAllen residents enjoy some of the lowest housing costs in the United States.

The median home price among people age 60 and older is only $73,000.

The McAllen area, which includes Edinburg and Mission, is the only metro area in the

country where the median home value is a five-figure sum.

Retirees with mortgages on their homes pay a median of $1,080 per month to live in McAllen,

but homeowners without mortgages have significantly lower costs of just $350 per month.

Renting is also a good deal, costing retirees a median of $580 monthly.

10. Indianapolis.

Home to one of the world's largest children's museums, as well as professional and college

sports teams and miles of recreational trails, Indianapolis has plenty to keep locals entertained.

Indianapolis' lively downtown is easily walkable.

With so many things to do, Indianapolis allows its residents to experience big-city living

without too much effort.

The Indianapolis Cultural Trail connects neighborhoods and cultural districts, and offers access

to multiple entertainment venues, public art, restaurants and shops along the way.

The home prices in Indianapolis are reflective of the state’s low cost of living; so low

you will be hard pressed to find many cities of this size with home values which average


While the weather in the fall lends itself to outdoor activity, the winter months can

be brutal.