This article takes a look at the 5 best places to retire in Mississippi. If you wish to check out our detailed analysis on retiring non-traditionally, you may go to the 15 Best Places to Retire in Mississippi.
In addition to covering topics like best places to retire, at Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, artificial intelligence technology is on the cusp of earth-shattering breakthroughs, so we identified the cheapest AI stock that is trading at less than 5 times its market value excluding cash and investments with the potential to deliver 100x returns. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. You can subscribe to our free daily enewsletter by entering your email address below. Now, let’s take a look at the 5 best places to retire in Mississippi.
5. Petal
Insider Monkey Score: 47
IM Cost of Living Index: 82.7
Median Home Price: $260,000
Average Rent (1-bedroom): $685
Livability Score: 72
Number five on our list of best places to retire in Mississippi is Petal. Situated in Forrest County, Petal lies along the Leaf River and largely appeals to retirees because of its affordable cost of living and safe environment. At the time of the last census, our town boasted a population of around 11,010. This size strikes the perfect balance, offering seniors the opportunity to relish in a close-knit, small-town atmosphere while still enjoying all the amenities and conveniences associated with big cities.
4. Hattiesburg
Insider Monkey Score: 48
IM Cost of Living Index: 82.7
Median Home Price: $273,200
Average Rent (1-bedroom): $802
Livability Score: 78
Retirees claim that Hattiesburg is one of the best small towns to retire in Mississippi. Home to a thriving healthcare system, a vibrant community, and a college town atmosphere thanks to the University of Southern Mississippi, this city can provide the ultimate retirement experience for seniors. The city is brimming with antique shops, outlets, restaurants, championship golf courses, lakes, and state parks. There are two major hospitals in the area, and major cities such as Jackson are in proximity.
3. Oxford
Insider Monkey Score: 48
IM Cost of Living Index: 80.9
Median Home Price: $425,000
Average Rent (1-bedroom): $966
Livability Score: 87
Known to be the center of Southern art, literature, and culture, Oxford is the right place for literary enthusiasts. Home to the University of Mississippi, Oxford boasts an air of “literary mystique” that is said to inspire poets, artists, and retirees alike. However, what many don’t know is that Oxford is also a Certified Retirement Community, boasting all the right amenities for senior folks. Finally, an acknowledgment of Oxford is incomplete without highlighting its 5-start restaurants, Broadway-quality shows, and numerous cultural festivities.
2. Jackson
Insider Monkey Score: 51
IM Cost of Living Index: 76.1
Median Home Price: $129,900
Average Rent (1-bedroom): $1,125
Livability Score: 67
Jackson, the capital city of Mississippi, offers a vibrant cultural scene for its residents. Distinguished by a rich array of museums and historical landmarks, this city is the perfect place for retirees to stretch their dollar incomes. Retirees will easily find all the amenities they need here.
1. Aberdeen
Insider Monkey Score: 64
IM Cost of Living Index: 78.7
Median Home Price: $95000
Average Rent (1-bedroom): 642
Livability Score: 78
Aberdeen tops our list of best places to retire in Mississippi and with good reason. Known to be one of the first Certified Retirement Communities in Mississippi, this small town exudes charm and quality living. Residents can avail of state-of-the-art medical care, indulge in life-long learning opportunities, and engage in numerous cultural activities. There are year-round boating, fishing, and other outdoor activities to enjoy as well. What better way to enjoy your golden years than this place that is brimming with all the right amenities?
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at What is an Annuity for Retirement? 15 Dividend Stocks to Buy Instead and 10 Leisure and Recreation Services Stocks to Buy.