5 Best East Coast Cities to Retire on a Budget of $1,200 a Month

2. Lynchburg, Virginia

Cost of Living Index: 80.9

Livability Score: 90

Average Monthly Rent (Lower Tier): $809

Average Monthly Groceries (per Person): $330

Another Virginia pick, Lynchburg offers housing for as low as $495 a month, helping retirees live on less during the latter part of their life. With a museum that covers African-American history and an arboretum of antique roses, retirees can indulge in fulfilling experiences to fill their days.