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10 Most Affordable Places to Retire in the U.S. in 2024

This article takes a look at the 10 most affordable places to retire in the U.S. in 2024. If you wish to check out our detailed analysis of financial realities, you may go to the 25 Most Affordable Places to Retire in the U.S. in 2024.

10. Florence, Alabama

Insider Money Score: 56

IM Cost of Living Index: 83

Median Home Price: $235,000

Livability Score: 81

One of the best southern cities to retire to, Florence in Alabama doesn’t only boast affordability for its seniors, but also cultural richness, outdoor recreational opportunities, and access to quality healthcare facilities. Seniors can also engage in lifelong learning at the University of North Alabama.

9. Asheboro, North Carolina

Insider Money Score: 59

IM Cost of Living Index: 82.8

Median Home Price: $230,000

Livability Score: 72

Residents can stretch their retirement dollars quite far when they choose to retire in Asheboro, North Carolina. Its touristy vibe, attractive downtown, and golf courses keep residents busy and entertained.

8. Kalamazoo, Michigan

Insider Money Score: 59

IM Cost of Living Index: 85.4

Median Home Price: $195,000

Livability Score: 75

Beautiful countryside, good access to healthcare, and reasonable costs of living make Kalamazoo a truly affordable place to consider for your golden years.

7. Brownsville, Texas

Insider Money Score: 67

IM Cost of Living Index: 80

Median Home Price: $225,000

Livability Score: 78

Nearby beaches, out-of-this-world Mexican and Tex-Mex cuisine, and affordable costs of living make Brownsville a destination worth retiring to. Local events, festivals, and gatherings keep retirees busy all year round.

6. Harlingen, Texas

Insider Money Score: 67

IM Cost of Living Index: 76

Median Home Price: $253,000

Livability Score: 71

Owing to its warm climate, affordable cost of living, and welcoming community, Harlingen in Texas provides retirees with a relaxed and comfortable lifestyle in a vibrant setting.

5. Huntington, West Virginia

Insider Money Score: 69

IM Cost of Living Index: 83.5

Median Home Price: $126,450

Livability Score: 80

Those in West Virginia looking to retire on a budget can choose Huntington. Boasting a cost of living that is 16.5% lower than the national average, this city has restaurants, museums, music, art, and every other facility that a senior might need for a comfortable retirement.

4. Springfield, Missouri

Insider Money Score: 72

IM Cost of Living Index: 79

Median Home Price: $197,000

Livability Score: 72

Springfield, Missouri, stands out for retirees with its affordable living and a mix of cultural amenities, offering a friendly community and diverse recreational opportunities for a fulfilling retirement experience.

3. Tupelo, Mississippi

Insider Money Score: 74

IM Cost of Living Index: 78

Median Home Price: $210,000

Livability Score: 73

Tupelo, Mississippi, offers retirees a charming Southern atmosphere, affordable living, and a rich cultural scene, providing a tranquil yet vibrant environment for a fulfilling retirement experience.

2. Peoria, Illinois

Insider Money Score: 76

IM Cost of Living Index: 82.8

Median Home Price: $110,000

Livability Score: 74

Another appealing choice for retirees, Peoria is appreciated for its affordable cost of living, diverse recreational activities, and welcoming community, creating a comfortable and enriching environment for those looking to retire.

1. Youngstown, Ohio

Insider Money Score: 82

IM Cost of Living Index: 78.2

Median Home Price: $124,900

Livability Score: 80

This isn’t the first time Youngstown has ranked top in our list of best places. Undeniably, this city offers the best blend of amenities and affordability, offering a fulfilling retirement experience for seniors.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at 16 Safe and Affordable Cities in South America for Expats and 35 Best Places to Live in the U.S. for Quality of Life.

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.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • 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.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

The best part? You can discover everything about this company and its groundbreaking technology right now.

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Buy This $3 Stock Now Before the 400% Surge Begins

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.

Since March 2017, my stock picks have returned 16.5% annually. Today, I’ve found an opportunity even bigger than my British American Tobacco call.

Two years ago, Wall Street wrote off British American Tobacco (BTI) as a “melting ice cube.” The stock had crashed 40% from its peak, and consensus said the business was dying.

We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

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

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

Get the ticker for our new “Underdog” pick and the full BTI case study for just 99 cents.

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2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

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