Top 25 Budget-Friendly Places to Retire

There comes a time in life when you just gotta stop thinking about treating yourself (or should we say spending money just for fun?) and start thinking about investing it on your future. Yes, we’re talking about retirement. Even though being old enough to retire sounds like a dream come true to some, to others it sounds scary… But don’t panic! Take a look at our varied list of places to retire in the US Not only are they amazing, they are budget friendly as well! Make sure you don’t miss #20, #12 and #4!

#25. Cedar Rapids, Iowa

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Some people complain that winters are cold and summers hot and humid in this city… however, isn’t that how the weather is supposed to work? The only minor inconvenient this city may have is rush hour traffic issues but, hey, which city doesn’t? On the bright side, should you ever need medical care, there are 16 healthcare centers you can go to, without living town. Regarding where to live, with an average income of $53,000, housing is inexpensive, with an average 2-bedroom apartment going for $729 per month. Finally, let us tell you that taxes are quite modest. Iowa has a 6% state tax rate with the county charging an additional 1% tax rate. Up next, a beautiful place for sun-lovers!

#24. Las Cruces, New Mexico

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There’s nothing like Las Cruces for those who are sun-lovers. The weather is nice enough to stay warm yet not suffocated during the days, and chilly during the nights. You can even sleep without using the A/C! Although the combine tax rate is 8.31%, the cost of living is very low. Also, there are 18 large healthcare centers, making healthcare easy to access. Slide next to see our recommendation in Texas!

#23. Richardson, Texas

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Not only does this small city have a very low crime rate, but also at least 15 medical centers and 3 hospitals, so there’s no need to travel far for health services. On the not so bright side, Richardson is a bit more expensive than the rest of the cities featured on our list, as the the average 2-bedroom apartment rent about $1,400. However, the beautiful, upscale homes make for pleasant surroundings. The tax rate is a reasonable 8.25%. We’re guessing you’ve never thought of the next one…wanna bet?

#22. Las Vegas, Nevada

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It is true that Las Vegas is a place for gambling and partying. But that’s only half of what it is for. The city also has tons of retirement friendly housing! The average 2-bedroom apartment goes for only $1,000 and the average price of a 1350 square foot housing averages $260K. As you can see, prices are relatively fair, so it is safe to say that this city is not only for rich gamblers. Actually, the average income is $58,000 and the tax rate only 8.25%. On top of that, there are more than 10 hospitals and large number of health care clinics. The next one is only for those who don’t mind tricky weather.

#21. Bethlehem, Pennsylvania

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This town is certainly a good choice: a low sale tax (6%!) and low housing prices, making it possible to live (comfortably) in this retirement friendly town for less than $40K a year! The weather might be a bit tricky, as it can get a bit cold in the winters, muggy in the summers with average temps in July in the mid-80’s and 8 average days of rain. Still, Bethlehem remains a good choice. Even more, if you consider that there are more than 10 hospitals and numerous health care centers to choose from. The next one is one of our favorites!

#20. Athens, Georgia

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With numerous locations listed as Historical Sites, plenty of golf courses, state parks, more than 10 local hospitals, a low cost of living index, reasonable taxes (4%!), and an almost perfect weather, Athens is one of the best choices for the active retirees! Who wouldn’t love its small town Southern charm? You are going to love the flowers of the next city!

#19. Boise, Idaho

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This medium-sized town has more than 10 hospitals, affordable housing prices (varying from $162-$263K), and tax rate of only 6%. It also has a nice weather, especially during cold winters, ideal for those who enjoy skiing! Let’s not forget the nearby mountains, which provide a breathtaking sight when seasons change. Slide to see what other city in Georgia is great!

#18. Savannah, Georgia

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This town is really popular with both tourists and retirees, with summers hot and humid and winters wet but mild, many people believe it has perfect temps. With affordable home sale prices at $104K and rent on a 2-bedroom apartment at around $1200, this growing town seems like a perfect choice for those who want to enjoy life in one of the most beautiful cities in America. Also, there are more than 10 hospitals and numerous health care centers, so rest assured that you will be well taken care of. It may not snow in the next city, but it sure has its charm!

#17. Lawrence, Kansas

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This small-town college community with fewer than 100,000 residents is filled with trees, snow-less winters and very warm summers. Also, there are over than 10 hospitals, so healthcare is definitely not an issue.  On top of that, with an average income of only $26K a year, Lawrence is one of the most inexpensive places you could live in. Even though it rains a few days out of every month, the rain is what keeps everything so green and gorgeous. Slide to see the beautiful waterfalls of the next city!

#16. Brevard, North Carolina

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With a low cost of living, outstanding recreational features and a lovely weather all year long, Brevard is the place to discover. Why not retiring there? Here are more reasons to do it: a very affordable house pricing, a reasonable sales tax at only 6.75%, breathtaking waterfalls, an amazing view of the mountains, and a small population to make sure you become friends with every person that you meet! Up next, a city that provides a wide range of options to chose from!

#15. Ocean Pines, Maryland

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The only con to this city is that the average cost of living is a bit higher ($70K) than those in the other cities of our list, but it makes up for it by offering a lot more to choose from: beaches, golf clubs, tennis, yacht clubs, no state tax on your Social Security, only 6% of sales tax, and soothing summer temperatures. It also provides a very good health service, with a higher number of doctors than other nearby cities. Click next for an option for history lovers!

#14. Lincoln, Nebraska

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With tons of parks and historical neighborhoods, this is the city that can keep your interest for the years to come. If you don’t mind the wide range, the weather isn’t bad either: Summers are 89/68 and January is a chilly 33/14. Regarding the housing situation, you can either purchase or rent a house or an apartment for a budget friendly amount. The tax rate is quite comfortable, too, at only 7.25%. You won’t believe the next one.

#13. Columbia, Missouri

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With comfortable temperatures, healthcare at arm’s length and a very low cost of living and even lower rents, this city could be a perfect fit for you. The only bad thing that we can think of, is the tax rate, which is a bit higher than some at 8.47%. Even so, nothing beats being able to purchase your own home at approximately $155K, right? The next one is also one of our favorites.

#12. Harrinsonburg, Virginia

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Nestled in the breathtaking Shenandoah Valley, this small town has a very low tax rate (5.3%) and an accessible cost of living, at only $40K. With its old fashioned style charm and grace, plenty of hospitals and healthcare centers, mountains and the beautiful Shenandoah river for picnics and fishing, this town is surely one to consider. Oh, and the weather is nearly perfect, with summers topping out at about 86/62 and winters 42/22. The next one is specially for winter-sports fans!

#11. Fargo, North Dakota

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For any winter sports enthusiast, Fargo is the perfect choice. From very cold winters to nice summers, this is the largest town in North Dakota. The cost of living is very attractive and even though housing prices are at $225K, there is always the possibility to rent a two-bedroom apartment for about $700, which is rather low. Regarding health facilities, more than enough doctors and hospitals for its population of 120,000. Slide to see out Top #10!

#10. Grand Prairie, Texas

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With a middle-ground cost of living, warm temperatures, beaches, a marina, a race track, public fitness centers, parks, numerous hospitals, and a 20-minute drive to the Dallas airport, Grand Prairie is very a very popular town between retirees. Cost of living is middle ground (about $60K) and the tax rate is 8.25%. Housing is at $184K and rent for a two-bedroom apartment runs $1,000 on average. Up next, a choice for those who don’t mind the heat!

#9. Green Valley, Arizona

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Many seniors choose to retire here for numerous reasons: middle ground cost of living (about $60K), a tax rate at 8.25%, reasonable housing for this income level at $184K and rent for a two-bedroom apartment at $1,000, on average. With very hot summers and very mild winters, retirees love Green Valley because not only does it have 13 public recreations centers with gymnasiums, golf courses, swimming pools, and community get-togethers, but also top notch hospitals with easy access. Slide next a city where the weather is nice all year!

#8. Jefferson Citi, Missouri

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This city in the middle of Kansas City and St. Louis has a seriously low cost of living, at 10% below average. For those who choose to live here, there are not only houses and apartments to invest in, but also more than 30 retirement communities and plenty of top rated hospitals and healthcare centers. On top of that, the weather is quite nice all year.

#7. Iowa City, Iowa

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This college town is one of the most retirement-friendly places around, with a tax rate of only 6%. Also, there is a very low crime rate, good air quality, and plenty of hospitals and healthcare centers. It sounds lovely, doesn’t it? In addition,  the average cost of living is only $35K and there is zero tax on social security earnings, and a lower state-tax rate for persons living on a pension. Sadly, this town is not made for those who enjoy warm weather, as summer temps only hit the low to mid 80’s and winter days are almost always below freezing. Slide to see the next beautiful city!

#6. Jacksonville, Florida

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This city provides an affordable life, with the average house price around $158K and rent on a two-bedroom apartment at only $1100. The sales tax rate is also reasonable (7%), and there are no state income tax or estate taxes. Unfortunately, Jacksonville is familiarized with crime. But, as you may know, most big cities are. On the bright side, the weather is quite nice, with hot summers and beautifully mild winters. Our Top #5 next!

#5. Lewiston, Maine

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A low crime rate, a low cost of living, 3 hospitals, multiple museums, the Androscoggin river, a theater, a home-town brewery, plenty of hiking trails, bike trails, and both indoor and outdoor activities to keep seniors active and engaged are some of the things this small city has to offer. Regarding the weather, summers rarely top 80/60 and winter days rarely come close to even the freezing level. The next one is for the beach lovers!

#4. Largo, Florida

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Largo is undoubtedly the perfect place for people who hate winter, since January temps rarely go below 56 at night and they remain a comfortable 66 in the day. Summers can be hot, but not to the point where it becomes unbearable. Also, with a low cost of living, no state taxes, and a reasonable sales-tax rate, retirees can either buy or rent a house or an apartment. There’s nothing to complain regarding health services, as there are 3 hospitals in Largo. Slide to see our Top #3!

#3. Lexington, Kentucky

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This land of whiskey and horses is quickly becoming one of the top spots for retirees, since it provides good air quality, a low crime rate, no state taxes on social security earnings and a tax break on pensions. Also, the volunteerism attitude of the community, plenty of walking friendly areas, bike paths, and a moderate climate are some of the things that make this city a perfect choice. However, we have to mention the only not-so-perfect aspect of the city: currently, it only has 2 hospitals.

#2. Colorado Springs, Colorado

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With 415K residents, Colorado Springs is the second largest city in the state. Its breathtaking scenery of the surrounding mountains (especially when it snows) and change of seasons are to die for. The city is suitable for those who love both winter and summer activities. Also, there are two hospitals in town and numerous other healthcare centers, and even though housing seems to be the biggest cost, the cost of living is quite reasonable. Click Next to see which city made it to the top!

#1. Sun City, Arizona

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Even though the air quality is not the best during the summer, due to big city Phoenix next door, the country’s first community planned around retirees has a lot to offer for those who want to stay warm and active. Let’s take a look at all the pros this city has to offer: numerous golf courses, shopping malls, activity centers for seniors, a low rate of crime, a low cost of living (at $32K, which is 9% below the national average), and even lower taxes!

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