This article takes a look at 5 US cities to retire on $3,000 a month. If you wish to check out our detailed analysis on the Social Security storm, you may go to 22 US Cities to Retire on $3,000 a Month.
5. Champaign, Illinois
Insider Monkey Score: 53
Cost of Living: 81.1
Median Home Price: $196,000
Average Rent (1-bedroom): $1,029
Livability Score: 81
Great walkability, low crime, and an amazing livability score make Champaign an awesome place to retire on $3,000 a month. This charming Midwestern city boasts a wide range of parks, many cultural events, and a welcoming community for retirees.
4. Harlingen, Texas
Insider Monkey Score: 54
Cost of Living: 75.9
Median Home Price: $232,000
Average Rent (1-bedroom): $739
Livability Score: 71
This beautiful city along the Texas Gulf Coast may be exactly what a retiree may be looking for in terms of affordability and amenities. Harlingen boasts a great variety of shopping options, many local attractions, and even a historic downtown to explore. Home prices and rents are well below the national average here, making it a cheap place to retire to.
3. Youngstown, Ohio
Insider Monkey Score: 57
Cost of Living: 78.2
Median Home Price: $132,000
Average Rent (1-bedroom): $679
Livability Score: 80
Youngstown has been making it to a lot of our lists recently and with good reason. Boasting a great livability score, low housing costs, and a cost of living index that is well below the national average, living on $3,000 a month is very much possible here in this city. From exploring Mill Creek MetroParks to attending concerts at the Covelli Centre, and even engaging in community events, there’s lots to do here for retirees.
2. Cedar Falls, Iowa
Insider Monkey Score: 63
Cost of Living: 75.7
Median Home Price: $310,000
Average Rent (1-bedroom): $866
Livability Score: 79
Making it to the second spot on our list of US cities to retire on $3,000 a month is Cedar Falls, Iowa. Striking just the right balance between small-town charm and modern amenities, Cedar Falls promises retirees an ideal living experience for their golden years. Scenic parks, recreational activities, and the proximity to the Cedar River make it all the more attractive for retirees.
1. Fort Wayne, Indiana
Insider Monkey Score: 66
Cost of Living: 76.5
Median Home Price: $191,000
Average Rent (1-bedroom): $1,007
Livability Score: 83
Claiming the top spot, Fort Wayne is a winner thanks to its affordable living costs, good livability score, and reasonable housing expenses. The healthcare system here is quite robust, there are diverse cultural attractions for seniors, and even a bustling downtown to boast. Fort Wayne’s strong sense of community, deeply enriched with its rich history and friendly atmosphere, creates just the environment a potential retiree looks for in their golden years.
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