This article takes a look at the 5 best US cities where you can retire on $2500 a month. If you prefer to check out our detailed analysis on navigating retirement in 2024, you may go to 25 Best US Cities Where You Can Retire on $2500 a Month.
5. Birmingham, Alabama
Average Rent: $1,017
Median Home Price: $155,750
Average Monthly Utilities: $398.81
Average Monthly Groceries: $125.4
Dentist Visit: $128.33
Doctor Visit: $100.96
Affordable cost of living, reputable healthcare facilities, and numerous cultural attractions make Birmingham one of the best US cities to retire on $2500 a month. This city is famous for its Southern hospitality, and retirees report feeling “at home” here. Moreover, they also get to enjoy an urban lifestyle here with plenty of amenities.
4. Memphis, Tennessee
Average Rent: $1,390
Median Home Price: $170,500
Average Monthly Utilities: $351.61
Average Monthly Groceries: $129.36
Dentist Visit: $97.96
Doctor Visit: $105.04
Perched on the Mississippi River, Memphis is the ideal place to retire for those who love the big-city life and the amenities that come along with it. The city has quality healthcare facilities, as well as a diverse culinary scene. The summers are hot and humid, while the winters are short and mild. The city is also home to 150 parks, and the warm weather makes it ideal to enjoy the outdoors.
3. Cedar Rapids, Iowa
Average Rent: $938
Median Home Price: $188,950
Average Monthly Utilities: $389.94
Average Monthly Groceries: $128.04
Dentist Visit: $105.05
Doctor Visit: $154.29
One of the best US cities where you can retire on $2500 a month is Cedar Rapids, Iowa. This city is known for its excellent healthcare, vibrant culture, and plentiful recreational opportunities. There are many parks, trails, and outdoor spaces as well that keep retirees busy and active. Institutions such as Coe College provide seniors with an opportunity to engage in lifelong learning.
2. Peoria, Illinois
Average Rent: $925
Median Home Price: $125,520
Average Monthly Utilities: $350.84
Average Monthly Groceries: $132
Dentist Visit: $79.63
Doctor Visit: $126.25
Etiquette expert Marjabelle Young Stewart has awarded Peoria the title of one of the “best-mannered cities in the country”. The cherry on top: the river city is just as beautiful as it is polite. The Peoria RiverFront district, one of the state’s historic urban areas, is home to a myriad of cultural centers, diverse dining establishments, and a wealth of entertainment options. Peoria is also home to more than 9,000 acres of parks, such as Peoria Zoo, Luthy Botanical Garden and five public golf courses.
1. Des Moines, Iowa
Average Rent: $787
Median Home Price: $191,000
Average Monthly Utilities: $338.48
Average Monthly Groceries: $129.36
Dentist Visit: $95.91
Doctor Visit: $130.53
For retirees looking to live in a big city on a small budget, Des Moines is a good choice. Affordability is just one reason the Milken Institute has ranked it as one of the best cities for successful aging. Des Moines also boasts a strong economy, numerous arts venues, and plenty of healthcare facilities specializing in aging-related services. The city hosts a variety of festivals each year, is home to a bustling downtown, and also offers several museums and theaters to explore.
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