22 Cities Where You Can Retire on $1,500 a Month
See if any of these places are ideal for you!
The median rent is $620, grocery costs are more than 5 percent below the national average, and healthcare costs are 3 percent lower: Add it up, and Lubbock retirees can really stretch their retirement dollars. On the fun side, Lubbock still has a drive-in theater, and the Moonlight Musicals organization offers a series of theater productions; plus, there are a number of festivals that will help keep retirees entertained. On the First Friday of every month, the Lubbock Cultural District hosts the First Friday Art Trail, featuring music, local artists work, vendors, and more.
Despite the fact that healthcare and grocery costs are 9 percent above the national average, your monthly expenses still will likely total less than $1,500 a month. In Lorain County, you can visit wineries, museums, and galleries, or plan activities like golf, fishing, bird watching, or hiking on the numerous walking paths. Lorain is also less than an hour away from Cleveland and all its amenities. Make your retirement go further with these 19 tricks frugal grocery shoppers use to save big.
Cedar Rapids, Iowa
All you need is $1,440 for monthly expenses in Cedar Rapids. Plus, green space is plentiful: There are 74 parks and four golf courses. Don’t like golf? Check out the six swimming pools. Seniors have time to enjoy the city’s many sites like Czech Village District, the African American Museum of America, Slovak Museum & Library, shops, and more. Want to save $5,500 this year? Just cut out these three items.
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First off, Wyoming is a state with no income tax. Casper’s median rent of $600 a month is another plus. The one shortcoming is that groceries are a tad higher than the national average. The living is good in this mountain town, though: Seniors who love hiking, fly fishing, hunting, and boating will be right at home. If you’re looking for culture, check out the gallery and museum events. All year round you can find things to do, such as the Casper Balloon Roundup of hot air balloons or NicFest, the arts festival. These are the best and worst states for taxes.
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The eating is cheap in Davenport. The average grocery bill of $306 a month is almost 4 percent under the national average. Overall, the cost of living is below the national average. You’ll have money in your pocket, and you won’t be bored: Music runs deep in this part of the country, with festivals and celebrations highlighting jazz, reggae, country, rock, and more. There are several parks and four golf courses. The downtown riverfront is undergoing a revival, and seniors can enjoy the Freight House Farmer’s Market and Figge Museum.
Seniors can live on just over $1,400 here, with the reasonable rents and grocery costs balancing out the slightly above average cost of healthcare. There’s plenty in Lawton to keep you busy, be it hiking, the symphony, trout fishing, festivals, rodeos, ballet, or community theater. This city in Southwest Oklahoma is a small town with some big city amenities.
This town stands out as one of the best places you could live on just a Social Security check. What’s especially cheap? Groceries. The average monthly bill is $292, roughly 8 percent below the national average. Lynchburg is known for its riverfront concerts, the Lynchburg Museum, Community Market, Riverviews Artspace, and the Academy Center of the Arts downtown. History buffs have the Civil War Trail and Thomas Jefferson’s Poplar Forest to explore; there are also parks, trails, and bikeways.
Grand Forks, North Dakota
Retirees can get by in Grand Forks on $1,430 or less. Golfers will think they’ve struck gold thanks to the numerous courses in the area. Live music is easy to find, as are places to enjoy art and culture in a variety of venues. Long walks along the Greenway Trail System are ideal. With two rivers, there’s good fishing and water fun. Take a look at 15 more of the cheapest towns you might want to retire in.
They say good things happen in threes. In the case of Bloomington, the grocery bill and healthcare costs are 3 percent below the national average; the third thing worth cheering about is the fact that the median rent on a one-bedroom apartment is $575. The locals say you can have a good time in Bloomington whether you fancy Shakespeare, jazz, symphony, golf, or just plenty of local, independent restaurants at which to dine.
Rent may not be as cheap as other towns on the list, but Shreveport shines when it comes to healthcare. The costs are 7 percent below the national average. The city is ideal for budget conscious seniors: There’s plenty of free stuff, from the Spring Street Museum, Meadows Museum of Art, Boom or Bust Byway Tour, Southwestern University Museum of Art, and more. Watch out for these 15 financial mistakes that could ruin your retirement.