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

3. Muncie, Indiana

Insider Monkey Score: 45   

IM Cost of Living Index: 82.2          

Median Home Price: $127,500        

Average Rent (2-bedroom): $916   

Livability Score: 81

Also known as “Middletown USA”, Muncie in Indiana is another retiree favorite for its affordability and amenities. This retirement-friendly city is home to abundant parks and trails, a vibrant culture, and a tight-knit community. It is also home to Ball State University, offering the city a dynamic college-town vibe. Living expenses here are 17.8% lower than the national average, and home prices are well below the national median.