This article looks at 5 overlooked affordable cities to retire. You may check out our detailed analysis of the American Dream and places to retire by jumping to Fortune Best Places to Retire. Try These 14 Affordable Alternatives Instead.
5. Lindale, Texas
Insider Monkey Score: 17
IM Cost of Living Index: 87.6
Livability Score: 80
One of the most affordable places to retire in the USA is Lindale, Texas. Living expenses in Lindale are 12.4% lower than the national average. Texas as a state is also a sound retirement choice for its tax-friendliness and abundance of recreational activities. Lindale’s charm, in particular, makes it an excellent option for those looking to settle down.
4. Springfield, Missouri
Insider Monkey Score: 18
IM Cost of Living Index: 79.0
Livability Score: 72
Springfield, Missouri, is an affordable retirement destination with a cost of living index of 79.0. Its livability score of 72 highlights the city’s diverse recreational options, including parks, museums, and a thriving arts scene. Retirees can enjoy a low-stress lifestyle while benefiting from affordable housing and a variety of local amenities.
3. McAllen, Texas
Insider Monkey Score: 20
IM Cost of Living Index: 78.3
Livability Score: 74
One of the best places to retire in the US, McAllen appeals to retirees with its year-round sunshine, tropical climate, and affordable cost of living. Its vibrant arts scene, access to quality healthcare, and low taxes make it an ideal destination for a comfortable and budget-friendly retirement.
2. Des Moines, Iowa
Insider Monkey Score: 21
IM Cost of Living Index: 86.8
Livability Score: 83
Another vibrant city, Des Moines is known for its excellent healthcare facilities, its strong arts scene, and its wide range of recreational opportunities. Besides its reasonable cost of living, Des Moines is also known to be very safe for families and retired citizens. The city offers a blend of urban amenities and outdoor spaces, making it ideal for those who enjoy city life but still want access to parks and nature.
1. Fort Wayne, Indiana
Insider Monkey Score: 24
IM Cost of Living Index: 86.5
Livability Score: 84
Situated in northeastern Indiana, Fort Wayne tops our list due to its affordability, livability, community vibe, and outdoor recreation opportunities. This happy city offers retirees hundreds of miles of biking, hiking, and kayaking trails, peaceful forests, and meandering rivers. Retirees also love it for its stunning parks, pleasant weather, and seasonal festivals.
Check out our complete list: Fortune’s Best Places to Retire? Try These 14 Affordable Alternatives Instead.
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