10 Best Cities to Retire on $3,500 a Month

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2. Waterloo, Iowa

Insider Monkey Score: 172

Cost of Living Index: 75.7    

Average Rent (1-bedroom): $702

Median Home Price:  $149,900

Livability Score: 80

One of the best Midwest cities to retire to, Waterloo is both welcoming and affordable for retirees. The city’s many beautiful parks, golf courses, and cultural attractions like the Grout Museum District add to its appeal.

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