5 Best Southern Cities to Retire on a Budget

In this article, we will be taking a look at the 5 Best Southern Cities to Retire on a Budget. For our detailed analysis, you can go directly to the 17 Best Southern Cities to Retire on a Budget.

5. Laredo, Texas

Cost of Living Index: 82.0

Due to Laredo’s proximity to the Mexican border, seniors may explore cross-cultural interactions and benefit from Mexican shopping, eating, and cultural exchanges. Through art, music, gastronomy, and regional festivals, retirees may encounter a fusion of Mexican and American cultures.

4. El Paso, Texas

Cost of Living Index: 82.0

El Paso experiences over 300 days of sunshine annually in a mild desert climate. For seniors who like milder weather and enjoy outdoor activities all year round, the moderate winters and scorching summers create a suitable climate. El Paso’s  rating as the third safest city in the USA only adds to its retirement charm.

3. Eureka Springs, Arkansas

Cost of Living Index: 80.6

There are well-renowned medical services in neighboring bigger cities like Berryville (19 minutes drive) and Harrison (55 minutes drive) that are accessible from Eureka Springs. To satisfy the medical requirements of retirees, these establishments offer healthcare services and specialized therapies. In the city, the average rent for a home is about $709. The city may be regarded as the best place for seniors to reside based on its livability score of 66 out of 100.

2. Florence, Alabama

Cost of Living Index: 79.4

The rich cultural and historical history of Florence is well-known. With connections to illustrious musicians like W.C. Handy and the origin of the Muscle Shoals Sound, the city has a rich musical past as well. Thus, the city develops a close-knit and cooperative musical society, and seniors who enjoy music may interact with others who share their interests, work together on projects, and take part in workshops and musically-related events.

1. Montgomery, Alabama

Cost of Living Index: 77.3

Montgomery is mainly known for its religious diversity. Across the city, there are places of worship representing numerous religions, promoting a climate of religious tolerance and understanding. Valuable historical and cultural history may be found in Montgomery. The Civil Rights Movement was greatly aided by the city. Additionally, there is a ton to see and do without spending a lot of money in one of the states with the most natural diversity. The city is renowned for having some amazing Korean eateries.

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 look at 20 Countries With the Most Skyscrapers and 30 Most Unstable Countries in the World.