Most Affordable U.S. States To Retire In 2023

1. McAllen, Texas

Because it offers the lowest rent and the highest livability score, McAllen, Texas, is ranked as the best place in the country to retire on a Social Security check.

2. Lake Charles, Louisiana

With all the leisure options that living near the ocean gives, Lake Charles is a great option for retirees!

3. Fort Wayne, Indiana

Fort Wayne is more expensive than most of the cities on this list, yet it is still one of the finest places to retire on Social Security.

4. Grand Forks, North Dakota

Grand Forks, one of three cities in North Dakota, is the city on the list with the highest northern latitude.

5. Fargo, North Dakota

Fargo is among the greatest cities to live in on a fixed income, despite having one of the higher average monthly rents on this list.

6. Odessa, Texas

The affordable rent is Odessa's main draw for retirees. Its comparatively low livability is compensated for by a low cost of living.

7. Akron, Ohio

The city of Akron has a lot to offer, including several natural and cultural attractions in addition to a low cost of living.

8. Davenport, Iowa

Living expenses in Davenport are approximately 19% lower than those in the typical American metropolis.

9. Lubbock, Texas

One of the four Texas cities mentioned in the report as a favourable area to live only on Social Security is Lubbock.

10. Toledo, Ohio

Toledo's cost of living is 25% lower than the national average, so you'll spend less on essential necessities.

11. Fayetteville, Arkansas

If you have a fixed income and are looking for a good Southern place to call home, consider Fayetteville.

12. Shreveport, Louisiana

One of Louisiana's two cities that take its name, Shreveport is located in the state's southernmost region.

13. Williston, North Dakota

North Dakota's three cities include Williston. Williston's rent is greater than other places on the list, but it's still cheaper.

14. Topeka, Kansas

This midwestern community is ideal for living on a Social Security check due to its low rent, good livability, and low cost of living.

15. Greenville, North Carolina

Roanoke has the fourth-highest rent, but its low cost of living and excellent livability make it appealing to retirees.

16. Beaumont, Texas

The fact that Beaumont has a higher livability rating than many other cities, it may also be the reason for its slightly higher rent.

17. South Bend, Indiana

South Bend has roughly 30% lower cost of living than the rest of the US, so your Social Security payment goes further here.

18. Wichita, Kansas

Wichita's low cost of living and affordable rent should help you maximise your Social Security payments.

19. Hattiesburg, Mississippi

Compared to the rest of the country, Hattiesburg's cost of living is about 18% lower.

20. Evansville, Indiana

One of the three Indiana cities mentioned in the report as a favourable area to live only on Social Security is Evansville.