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10 Cheapest Places Across America Where You Will Want to Retire

This article takes a look at the 10 cheapest places across America where you will want to retire. If you wish to check out our detailed analysis on retirement savings in the US, you may go to 30 Cheapest Places Across America Where You Will Want to Retire.

10. Decatur, Alabama

Insider Monkey Score: 25           

Cost of Living: 83.1

Livability Score: 71

Friendly people, plentiful amenities, natural beauty, and good-quality healthcare make Decatur another good option for seniors to call home. There is plenty to do here, such as exploring the many historical landmarks and parks.

9. Cleveland, Ohio

Insider Monkey Score: 25.5

Cost of Living: 83

Livability Score: 71

Cleveland is another cheap place across America where you will want to retire. Homes in the area sell for a median home price of $100,000 as per Redfin, and downtown is the highlight of the city depicting a large metropolis.

8. Brownsville, Texas

Insider Monkey Score: 26

Cost of Living: 74.9

Livability Score: 78

Nearby beaches, low cost of living, and pleasant climate make Brownsville another cheap yet desirable location to retire to. The city offers retirees a good quality of life, affordable housing options, and plenty to do.

7. Wichita, Kansas

Insider Monkey Score: 29

Cost of Living: 82.8

Livability Score: 66

Ignoring the weather extremities, Wichita can be a cheap and affordable retirement destination. The median price of a home in the city is around $220,000; while the average rent for a one-bedroom apartment is $762.

6. Peoria, Illinois

Insider Monkey Score: 29.5  

Cost of Living: 75.6

Livability Score: 74

The picturesque river city of Peoria is an ideal destination for seniors who are looking to retire on a budget. Retirees get to enjoy many restaurants, entertainment venues, and cultural centers, as well as a cost of living that is 24.4% lower than the national average.

5. Hot Springs, Arkansas

Insider Monkey Score: 30

Cost of Living: 83.5

Livability Score: 62

Boasting a mild climate, good healthcare, and an affordable cost of living, Hot Springs also makes it to our list of cheapest places across America to retire to. Seniors can enjoy many activities here, such as a dinner cruise, visiting art galleries and studios, and exploring the many recreation spots.

4. Toledo, Ohio

Insider Monkey Score: 33.5

Cost of Living: 77.4

Livability Score: 66           

Another affordable retirement city worth exploring is Toledo, Ohio. Situated on the banks of the Maumee River, the city is famous for its pleasant small-town atmosphere, friendly locals, and plentiful amenities.

3. Augusta, Georgia

Insider Monkey Score: 35           

Cost of Living: 80

Livability Score: 63

Another nice and affordable place to retire in the US is Augusta, Georgia. The age-friendly city boasts a cost of living that is 20% lower than the national average. Moreover, the median price of a home in the city is $182,000 only.

2. Jackson, Mississippi

Insider Monkey Score: 37.5

Cost of Living: 76.1

Livability Score: 63

Another city revered for its small-town charm without compromising on big-city amenities is Jackson, Mississippi. Seniors get to enjoy a thriving cultural scene, many museums and historical landmarks, and a budget-friendly retirement experience.

1. Shreveport, Louisiana

Insider Monkey Score: 38    

Cost of Living: 77.7

Livability Score: 60

Shreveport in Louisiana is another mid-sized city ideal for seniors to enjoy their golden years. The cost of living in Shreveport is 22.3% lower than the national average, and the livability score is also decent. Besides the low cost of living, the city is also known for its cultural offerings and world-class entertainment options.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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