15 Best Midwest Cities for Retired Couples Living on Just Social Security

4. Fergus Falls, Minnesota

Insider Monkey Score: 43   

IM Cost of Living Index: 84.4          

Median Home Price: $210,000        

Average Rent (2-bedroom): $909   

Livability Score: 82

Bagging the fourth spot on our list of best Midwest cities for retired couples living on just Social Security is Fergus Falls, Minnesota. Situated in West Central Minnesota, Fergus Falls is a nature lover’s dream come true. This land of over 1,000 lakes is known for its scenic beauty and countless recreational opportunities such as hiking, birdwatching, and even wildlife exploration.