Top 10 Towns You Can Retire on $1658 a month in the Southern US (2024)

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Are you thinking about retiring soon? Are you looking for an affordable town to retire in? Maybe you aren't retiring but still looking for a nice town where you can afford a home. If you are in those situations this video is for you.
We researched the Southern United States looking for the best towns someone could survive on Social Security only. That monthly check is currently $1658 a month. We looked at Cost of Living, housing, health care deductibles, insurance, and Utilities. These towns are the best bet for the average person on Social Security or some other sort of fixed income.
Most of these towns have homes for sale that can fit your budget. A Real Estate purchase in some of these towns is almost cheaper than renting.
Today we are looking at the Southern States. Mississippi, Alabama, Arkansas, Georgia, Tennessee, South Carolina, North Carolina, Louisiana, and Kentucky. Virginia and West Virginia should be on this list but some consider those part of the North Atlantic.

Side Note: This is focusing on residential real estate not commercial. People keep asking that for some reason. These are just the affordable and best places to retire or live in the southern United States.

Western States:

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- [Briggs] Are you looking to retire or just live a more affordable life, maybe buy a home? In.

This video, I'm gonna show you where you could do that in the Southern United States.

What is going on, everyone? Welcome back to the World According to Briggs, and a video about towns in the Southern United States, where you could live, retire, survive on $1,658 a month.


Did this series a few years back and we set the price at $1,500 a month, because that is what the average Social Security payment was, and it's about half what the average military retirement and pension is.

Things have.

Changed, prices are up across the board, real estate, insurance, Rice Krispie Treats, everything.

Today, we're looking at the Southern United States, Mississippi, Alabama, Arkansas, Georgia, Tennessee, South, Carolina, North, Carolina, Louisiana, and Kentucky.

Virginia and West Virginia should be on this list by some regional maps, but I try and make sure every state has some representation.

So we're gonna move those up with the North Atlantic state like they are in some maps.

The $1,658 on this video is what it should cost the average Joe of a comfortable life.

In this case, when I say comfortable life.

It means you never have to worry about food, eviction or utilities.

Getting shut, off.

The stats on this video are just the average.

There's a million and one scenarios that could change.

Someone's financial situation like poor health, divorce, dependence.

This is just the basics for the average Joe.

All right.

Let's see where you could live a more affordable, life., (electricity, buzzing), Number, 10, McRae-Helena.

McRae-Helena is a small town of under 7,000 people in between Savannah and Columbus.

About, the midway point: there.

This town has a prison on the north side of town and a lot of the residents work for the prison or in some kind of job that supports the prison.

This town hasn't been around that long.

Well, I shouldn't say it that way, it used to be two towns.

Then in 2015.

They pressed them together and became McRae-Helena.

I'm struggling to call this place Helena because I grew up with a girl named Helena, spelled the same way.

Every time.

I, look at it, I wanna call it Helena.


This town is big in prisons and corrections.

They have a correctional facility on the south side of town.


I, don't know if that works as a deterrent to keep their crime rate down, but their crime rate is actually 64% lower than the national average.


Keep in mind that rarely happens for a town that is relatively affordable.


They say the median rental price here is 560 a month.

That's 41% lower than the national average.

I looked around.

They didn't have a whole bunch of rentals.

The median listing price for a home here is about $58,000, which is 68% lower than the national average.

I poked around.

If you wanna, buy a home here, that's nice, ready to go, maybe a little bit older, but decent, you're, looking at around 200,000.


If you go all the way up to 350,000, they have one that looks like a plantation.

It's, just a lot smaller and doesn't have a bunch of property.

You know, a lot like acres and acres.

It's like starter plantation for someone.

McRae-Helena has a livability score of 75, and the average monthly expenditure is estimated to be $1,280.

(Electricity buzzing), Number, nine, Taylors, South Carolina.

It is a suburb of Greenville.

It's on the north side.

And houses.

Here, I was talking to a real estate agent from there that I've communicated back and forth with.


He said the difference in prices for real estate between Taylors and Greenville is about $100,000.


That's just ballparking it, obviously.


They do have some reasonable real estate.


I was looking around and you could get a decent older home for under $240,000.

According to the U.S.


The real estate here is about 23% lower than the national average.


If you're gonna, rent here, the median rental price is about $800, which is 16% lower than the national average.

It's, not bad.


They got a little more crime than I'd like to see in a retirement place, but it's not the worst.

It's only 40% above the national average.

Like, we've learned in other videos, you've got places like East St., Louis and Camden, New Jersey, where it's like two, three and 400% above the national average.

Taylors is not a bad place to live.

They've got a lot of construction going on there.

So the place is growing, which means next five or six years, it'll start getting more expensive.

So you're thinking about it, look into it.


They do have a livability score of 78.

And, like we've, said before.

If it's below, like 60, it sucks.

If it's below 50 or in the 50s, it really sucks.

And anything above 70 to 75 is decent.

Your average monthly expenditure in Taylors would be $1,595.

(electricity, buzzing), Number, eight, Corbin, Kentucky.

Corbin's, a nice place.

I mean.

It's got really good stats, next to no crime.

It's, beautiful land.

It's right there by the Laurel River Lake, which gives you plenty of things to do.

If you're, looking for it on a map, Corbin is on interstate 75 about halfway between Knoxville, Tennessee, and Lexington.


Corbin was first settled in the mid 1800s, and it was called Lynn Camp Station at the time.


They got a post office.

They started calling the community Cummins after the founder, Nelson Cummins.


Then it was discovered in 1885 that both Cummins and Lynn Camp were already in use in other places in Kentucky, so they had to change.


They settled on Corbin.

After a local reverend.

If, you look at it from the stats.

The only negative they have is employment.

They, really don't have a bunch of jobs or high-paying jobs or decent-paying jobs.

For that matter.

But everything else is great, including their crime, rate.

It's, actually 17% lower than the national average, their of cost of living's low, their housing's great.


The statistics on housing.

If, you wanna, rent here.

They really don't have a bunch of rentals, but it's about $550, a month, which is 41% lower than national average.


You wanna buy a house here.

The median listing price is $91,400.

That's 51% lower than national average.

But realistically.

If you wanna, buy a house here, you're.

Looking at about $200,000.

Now, a lot of these places, these small towns, we don't have a lot of good footage.


If you're watching video in the background and you're like, "Hey.

That's not Corbin.

"That's like four miles down the road,", we're just showing that as a visual aid, the pictures are of that place.

Corbin has a livability score of 77 and your average monthly expenditure in Corbin is $1,575.

(Electricity buzzing), Number, seven, Red, Bank, Tennessee.

Red Bank is a little city entirely, surrounded by the city limits of Chattanooga., Now, Chattanooga's, growing.

It's a great place to live right.


Red Bank is probably your cheapest option.

If you wanna, live in the Chattanooga metro, area.

They have a little bit of crime, nothing major.

It's, just like 22% above the national average.

But, their costs living and their housing is pretty low, here.

It's, actually 13% lower than the national average, and 3% lower than the Tennessee average.


It's in a major city in Tennessee., That's, really strange.

This is another place that had to change their name, because the name was already taken.

It originally was Pleasant Hill, but when they went to get their post office, they found out there's another place in Tennessee called Pleasant Hill.

The postmaster at the time.

His wife actually suggested that they call it Red Bank, because outside her window, she could see a red clay, ridge.

So, the name Red Bank, stuck until they decided to incorporate with another town.

Next to it called White Oak.


Eventually in 1966, they just dropped White Oak and were called Red Bank.

As far as real estate goes in Red Bank.

They say that the median listing price is 126,000., That's 31%, lower than the national average and rent is about $719.


If you wanna buy a house in Red Bank, it's all over the map.

But 250 should be able to get you something.


They actually have one house here for $45,000, and it's rundown and it would need a whole bunch of work.


The lot is about as big as the house, wide, I should say, but it goes what looks like about 100 yards back., It's strange.

It's like the thinnest lot, I've ever seen.

Livability score in Red.

Bank is 79, which is outstanding for a place.

That's relatively cheap.

And, your average monthly expenditure in Red Bank is only $1,467.

Good job, Red, Bank! (electricity buzzing), Number, six, Hartselle, Alabama., Hartselle, Alabama is north of Birmingham and just south of Decatur, Alabama, not too far from the Tennessee River.

This is a nice town that builds itself as the city of southern hospitality.

They have a nice downtown with plenty of like antique shops and little cafes, things like that.

And, like any quality town.

Their main street is called Main Street.

Sometimes I watch like city council meetings when I run across them on YouTube.

It's, not like I'm out looking for 'em, but sometimes I see 'em I'll watch 'em, and this one small town was gonna, rename their main street to The Main.

That's what they wanted to call it.

And the locals at the meeting started laughing when they suggested it.

So they killed that idea and stuck with Main Street.

This is not a bad place to live.

Their crime isn't terrible.

It's only like 15% above the national average, but it's a relatively small place.


A bar fight could raise your crime rate through the roof.


They only got about 14,000 residents.

They say the median listing price here is about $132,000, which is 29% lower than the national average, and rent here goes about $600, that's what they say.

If, you wanna rent, a one-bedroom, here, two-bedroom, here, you're.

Looking at over 700, 750, maybe $800.


The real estate is so cheap here, you might as well just buy.

You could get houses that you're, probably gonna, need a little work for about $100,000.

But if you wanna get something decent, that's ready to go.

I mean, 150,000 to 200,000 is all you're gonna need.

Hartselle has a livability score of 72, and their average monthly expenditure is $1,489.

(Electricity buzzing), Number, five, Grenada, Mississippi.

It is really hard to find place with good stats in Mississippi.

I, mean, statewide, sure., Their cost of living and their housing.

The real estate is always really cheap, but to find one with everything else, that's kind of good, it's kind of rough.

Grenada has a population of a little over 13,000 residents, and it sits between Jackson, Mississippi, and Memphis, Tennessee, about the midway point.

Right outside of town, they've got good Grenada Lake, which looks like it's a good time.

They've got a river going through town.

They've got some really nice things about this place.

It's, just in Mississippi.

If you wanna, retire on the cheap and you own.

A fishing pole, Grenada's, probably a good place for you.

Here's, where Grenada shines, real estate.

Their median listing price, is $98,000.

That's 47% lower than the national average.


This is another one of those places, why rent? You could almost afford a house here, working at McDonald's., I mean, if they had a McDonald's.

They, do have a Walmart super center.

They have homes here all over the place that are like $50,000.

You're gonna need to do some work and it's gonna take some effort, but they have plenty of them.

Livability score in Grenada is 76, which is not bad.

And, their average monthly expenditure is $1,205.

Mississippi has a lot of problems, but being an expensive date is not one of 'em.

(electricity buzzing) Number four, Thomasville, North Carolina.

I, like Thomasville.

It's in that sweet spot, where I like to find towns, where it's just south of Winston-Salem, not too far, away, and kind of close to Greensboro, too.

So, you get the small town vibe with bigger cities not too far away in case you need one.

That usually ends up in the form of healthcare, which Winston-Salem has phenomenal.


You're retired.

That is something to be concerned.


Winston-Salem has some of the best doctors, nurses and hospitals in this country.


If you're a retiree with some medical problems.

This is probably a solid option for you, especially when you see how cheap the real estate is.

The median listing price in Thomasville is $109,900, which is not bad.

That's 40% lower than the national average.


It comes to median rent price.

It sits at $647, which is 32% lower than the national average.


A decent rent is gonna, run about $750, here.


It comes to real estate here.

You could find things for under $100,000.


You wanna buy a house, probably, you know, a couple decades old, but in decent condition, you're, looking at in between 170 to 200,000.


If you go all the way up to 250,000 you'll get a newer house on.

Maybe a half an acre.

Thomasville prides itself on its big chair.


It's a thing., You know.

Some of these small towns or towns have like the world's largest ball of twine, things like that.

They've got a big chair.

That big chair sits in downtown Thomasville, which is a nice little downtown.


It's clean, it's cute.

It's got some train tracks running through town.

Thomasville has a livability score of 72, and their average monthly expenditure is $1,481.

(Electricity buzzing), Number, three, Middleburg, Florida.

It's getting harder and harder to find places in Florida that fall under the cheap, category.


It's cheap.

It's usually really high crime, but we do what we can, so I found Middleburg, Florida, which is outside of Jacksonville to the south.

It's, not really a town, or a city.

It's known as a census, designated area.


What's good about this, is they do have relatively cheap houses,? The crime isn't terrible here, and it's close to Jacksonville.

In case you have some medical concerns.

You have great hospitals right, there.


They do have some crime.

It's not terrible.

It's, only 11% higher than the national average, which, like we've talked about, is not bad.

The median listing price in Middleburg is $121,000, which is 34% lower than the national average.

And, their average rent is percent lower and it sits around 900., Realistically, rent's, probably gonna, be somewhere around 1000 buck, maybe 950, or like a two-bedroom, one-bath.


The housing, of course, is gonna, be higher than 121,000.


Just the median listing price, they say.

And that counts in things like vacant lots, whatever., Realistically, you're, looking at probably around 200 to $250,000 to get into something.

That's livable.

But, a majority of their homes.

There are about 350 to $450,000.

It is still affordable.

It's, just a little higher than I'd like to have on a list like this.


It's in Florida.

Livability score in Middleburg, Florida is 75, and their average monthly expenditure is $1,521.

(Electricity, buzzing), Number, two, Springhill, Louisiana.

Springhill, Louisiana, is on the north side of the state.

At the Arkansas border.

And like every place in Louisiana.

This area is surrounded by water.

You've got lakes, creeks, rivers, ponds, it's all here.

If, you own a fishing pole and you wanna have a nice relaxing life move to Springhill.

They do have homes for sale, but really.

It's lots of land.

They have acres and acres of land that you could buy.


The reason I bring this one up, and the reason I put it.

Here, I always get people wanting to know where they could move their motor home to, or something like that.

While they build a house.

This is the perfect opportunity.

The land is cheap.


You have half-acre lots here for like $25,000.

There's, one that has an old rundown house on it.

For $18,000.

The median listing price in Springhill is $73,900.

It is the cheapest place.

I've ever seen that has good stats.

They're, actually 60% lower than the national average.

Their median renting price is 46% lower than the national average, and that's $513, a month.

Realistically, that one's probably gonna be about 650.

The cost of living here is 25% lower than the national average.

Not bad.

There's, two downsides to this city, and that's one.

It's in Louisiana., Number two.

It's right up against Arkansas.

Those are your only two negatives.

The crime rate here is 41% lower than the national average, and the employment numbers here aren't terrible.

The unemployment rate is actually 46% lower than the national average.


You could move here, actually have a job, and live extremely cheap.


You wanna do that in retirement, or you just build a house and fish, This would be considered a small town.

They have a population, that's just under 5,000 residents.

It's, actually shrinking.

In 2010, they had 5,279.

Springhill has two requirements of all southern towns.

They've got a main street like we discussed earlier, and they also got a church street.

They always have 'em.

The livability score in Springhill is 72.

And, their average monthly expenditure is 1,435.

All right, before we get to number one, don't forget to like, and subscribe to the channel.

If you already haven't,- and you really wanna help out the channel, at the end of the video.

There's those end screens that suggest videos for you, watch one of those.


Something YouTube really want you to do these days and I'm here to promote it.

All right, onto number one.

(electricity buzzing), And number one, Mountain, Home, Arkansas., It's, normally kinda hard to find a nice place in Arkansas.

That's outside that northwest corner, with Rogers, Springdale and Fayetteville.

But Mountain Home does a pretty good job.

It hasn't always been called Mountain Home.

Mountain Home was originally known as Rapp's Barren.

The land was owned by man, name named Simeon Talburt, but he went by the nickname, Rapp.

He built the first home in the area in the early 1830s.

This became one of those areas like so many other areas in the south, where the whole family lived like in the area.

Different generations.

Rapp and many of his family members are buried in the small cemetery in the Indian Creek subdivision of Mountain Home.

Mountain Home has a good size.

Medical facility called Baxter, Regional, Medical Center.

It's, another good place to live.

If you like to fish., You've got Norfolk Lake right, there, and Bull Shoals Lake isn't too far.


You got creeks, rivers.

Everything in this area.

The, White River, runs not too far from town, either.

The median listing price here is $116,000, which is 37% below the national average.

Realistically, though.

You could get a decent house for the 200,000 area.

And I mean, ready to move in, decent, you're, not gonna, have to do a whole bunch of work.

They do have houses that get up in the three to 400,000.

Those are really nice.


You could get a nice house and retire for in between 150 and $200,000.

The average rental price here for one bedroom is $635, which is 33% lower than the national average.

It's gonna be a little more expensive, probably around 700, 725.

If you can find a place.

Just buy a house here.

If you move here.

I mean, it's pretty cheap.

The livability score in Mountain Home, Arkansas is 70.

And, the average monthly expenditure is $1,488.

This is not a bad place to live, especially if you're the outdoor type.

Arkansas, for all its problems, is not lacking when it comes to natural beauty, great places to fish, be on the water.

Whatever you wanna do.

(soft, guitar, music), All right, that's today's video.

I hope you guys enjoyed it, hope.

You got some information out of it.

Don't forget to maybe watch another video.

If you've got time.

That would be great, helps out.

The channel.

Everybody have a great day, be nice to each other.

Top 10 Towns You Can Retire on $1658 a month in the Southern US (2024)


Where is the cheapest place to retire in the southern US? ›

Rather, Alabama is the most affordable state to retire in, according to WalletHub's “2023 Best States to Retire.” The analysis compared all 50 states across three key categories: health care, quality of life and affordability.

What is the number one retirement spot in the US? ›

Maine topped The Motley Fool's list of best U.S. states to retire, with high marks for quality of life, safety, and health care cost and quality. The state has the highest percentage of residents over age 65, so retirees can find like-minded neighbors who enjoy the outdoors, natural beauty, and reliable health care.

Where is the very best place to retire? ›

Countries Natixis ranked as secure retirement locations are mostly concentrated in Europe but also include New Zealand and Australia. The top three countries in the rankings are Norway, Switzerland and Iceland, all of which have life expectancies of 83 years, compared to 77 in the U.S. and the world average of 72.

What southern states have the lowest cost of living? ›

Likewise, the cost of living is lowest in states including Mississippi, Oklahoma, and Alabama, and yet these states fall in the national rankings due to factors such as higher senior poverty rates and Medicare spending.

Which Southern states are best for retirees? ›

Insider Monkey reports these states to be the Best Southern States to Retire in 2023. Meanwhile, Southern Living asserts that the best places to retire in the South are Asheville in North Carolina, Virginia Beach in Virginia, Chattanooga in Tennessee, and Oxford in Mississippi.

Where is the best place for a Canadian to retire? ›

The easiest countries for Canadians to retire to are Panama, Thailand, and Spain. These countries have large expat populations, similar infrastructure to what Canadians are used to, excellent medical care, are very safe, and have high English-speaking populations.

Where you should retire in the US states ranked from worst to best? ›

Best & Worst States to Retire
Overall RankStateQuality of Life
46 more rows
Jan 23, 2023

Where is the best cheapest state to retire? ›

A new study identifies a rugged group of states — Wyoming, Utah, Montana and Idaho — as the most affordable destinations for American retirees.

Where is the cheapest warm place to retire? ›

8 Surprisingly Affordable Cities With Great Weather for Retirees
  • Tarboro, North Carolina. ...
  • Melbourne, Florida. ...
  • Lakeland, Florida. ...
  • Mountain Home, Arkansas. ...
  • Mount Airy, North Carolina. ...
  • Kingsport, Tennessee. ...
  • Roanoke, Virginia. ...
  • College Station, Texas.
Jan 26, 2023

Where can I retire on $800 a month? ›

Ecuador. If you're looking for a country where you can retire outside the US comfortably with $800 per month and experience one of the most ecologically diverse places in the world, then Ecuador might be for you. The go-to city for US retirees in Ecuador is Cuenca, which also happens to be a UNESCO World Heritage site.

Where is the happiest place to retire? ›

The United Arab Emirates claim the top spot for the happiest place to retire. The study reveals that the United Arab Emirates is the happiest place to retire with an overall score of 7.76. It comes as no surprise that with the average yearly temperature being 27 degrees and 3,508 hours of sunshine, they came out on top ...

Is Canada a good place to retire? ›

Canada has been ranked as the best country to retire in. It is an excellent choice because it has low crime rates, a robust healthcare system, and plenty of outdoor activities.

Where is the safest place for retirement money? ›

U.S Treasury securities are considered the safest investment option, as they are backed by the full faith and credit of the U.S government. These investments come in several forms such as savings bonds, treasury notes, treasury bills, and more,” Chavez said.

Where is the most walkable place to retire in the US? ›

San Francisco, California

With a Walk Score of 88.7 out of 100, San Francisco is the most walkable city in America. This stunning Northern California location is known for its mild climate (it never gets much lower than 40 degrees or much higher than 75), panoramic views, and a night concentration of tech companies.

Which South American country is best to live cheap? ›

Overall, the cheapest country in South America is Bolivia. Here you can easily live on $20 a day (and even less depending on what you need daily), and will also find transport and tours cheap too.

What US town has the lowest cost of living? ›

Fort Wayne, Indiana, was named the city with the lowest cost of living for 2022.

What is the 1 cheapest state to live in? ›

The cheapest states to live in are Mississippi, Oklahoma, Kansas, Alabama, Georgia, Missouri, Iowa, Indiana, West Virginia, and Tennessee. Mississippi is the cheapest state to live in in the US, with a cost of living index of 85. The second cheapest state to live in is Oklahoma, with a cost of living index of 85.8.

What is the most tax-friendly state to retire in? ›

1. Alaska. Alaska is the most tax-friendly state for retirees because it has no state income tax or tax on Social Security. And its sales tax rate is the fourth lowest on our list - fifth lowest in the U.S. But keep this in mind: The cost of living in Alaska is higher than in most states.

Why are retirees leaving Florida? ›

“In addition to inflation, housing prices and increasing costs of living in Florida, retirees are also leaving for other reasons,” says Dutch Mendenhall, Founder of RAD Diversified REIT. “Higher auto and home insurance along with a 7% sales tax on already high-inflation goods can put a strain on retirement income.”

What are the best states to retire in no taxes? ›

Retirement distributions from 401(k) plans or IRAs are considered income for tax purposes. Fortunately, there are some states that don't charge taxes on retirement income of any kind: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming.

Is retirement better in Canada or USA? ›

America: An Overview. American and Canadian governments provide many of the same types of services who have reached the age of retirement. However, Canadian retirees have fewer worries than their American counterparts, thanks to a more generous retirement system.

Can Canadians retire in USA? ›

Canadians must continue working or leave. A solution for retirees is either to continue working part-time, self-employ, or to have applied for permanent residence (green cards) well before employment ends. An excellent route to U.S. living rights is permanent residency. Permanent is better than temporary.

Can you collect Canada pension if you live outside of Canada? ›

If you have lived or worked in Canada and in another country, or you are the survivor of someone who has lived or worked in Canada and in another country, you may be eligible for pensions and benefits from Canada and/or from the other country because of a social security agreement.

Is Georgia or South Carolina better for retirees? ›

Taxes for Retirees

For those on a fixed income, every dollar in taxation matters. After years of working and paying taxes, many retirees look to relocate to a state with more favorable tax laws for seniors. Regarding retirement taxes, Georgia is generally more favorable than South Carolina.

What is the healthiest state in the United States? ›

Hawaii secures its spot at number one with the highest score of 79.40 out of 100. Hawaii ranks as the healthiest state with a final score of 79.4. It has the lowest PM2. 5 Annual Average Concentration and a relatively low obesity rate.

Where can I retire on $1,300 a month? ›

Panama: A Home Away from Home

You can retire comfortably on $1,300 per month, and it's one of the best countries for quality of life. What's more, English is widely spoken, and you can use your US money anywhere across the country. The country also offers first-rate hospitals, and many of its doctors are US trained.

Where is the cheapest place to retire in the US 2023? ›

The top five states where your money will go further are Alabama, South Carolina, Tennessee, West Virginia and Wyoming. While Wyoming ranks in the top ten for quality of life, the other four are at the tail end of the list, it and the others are laggards with respect to health care when compared to the other states.

What is the cheapest and safest state to live in? ›

Take a look at the 10 cheapest states to live in for 2022.
  1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. ...
  2. Kansas. ...
  3. Alabama. ...
  4. Oklahoma. ...
  5. Georgia. ...
  6. Tennessee. ...
  7. Missouri. ...
  8. Iowa.
Mar 31, 2023

Where is the most affordable place to retire in Canada? ›

Moncton in New Brunswick, Lacombe in Alberta, Stratford in Ontario and Brandon in Manitoba are some of the best places for low-income Canadians to live during their retirement years.

Where is the warmest place to retire in Canada? ›

Victoria, BC

Victoria is located in the warmest province in Canada, BC. It is generally the warmest climate, as it never gets too hot. It's also one of the best places to retire for warm weather in Canada. Winters are so mild that most summer activities can be done even during the coldest months.

Is $1,500 a month good for retirement? ›

That means that many will need to rely on Social Security payments—which, in 2021, averages $1,544 a month. That's not a lot, but don't worry. There are plenty of places in the United States—and abroad—where you can live comfortably on $1,500 a month or less.

Where can I live in $1 500 a month in the US? ›

Best Cities to Retire on a Budget of $1,500 a Month
  • Casper, Wyo. Total Monthly Expenditures: $1,473. ...
  • Davenport, Iowa. Total Monthly Expenditures: $1,472. ...
  • Lubbock, Texas. Total Monthly Expenditures: $1,456. ...
  • Lorain, Ohio. Total Monthly Expenditures: $1,442. ...
  • Cedar Rapids, Iowa. ...
  • Lawton, Okla. ...
  • Lynchburg, Va. ...
  • Grand Forks, N.D.
Apr 12, 2019

Is $1,000 a month enough for retirement? ›

Someone at a typical retirement age of 62 to 65 can plan on a 5% withdrawal rate from their investments based on the $1,000-a-month rule. But retirees in their 50s should plan on withdrawing less than 5% per year so that their funds last for the duration of a long retirement period.

What is the #1 happiest place to live? ›

Finland is the No. 1 happiest country in the world for the sixth year in a row. Finland has been the happiest country in the world since 2016. The World Happiness Report released its annual ranking of the happiest countries in the world and for the sixth year in a row Finland has landed in the top spot.

Is it cheaper to live in Canada or the US? ›

Overall, Canada is more affordable than the US, but the US has a higher median income. Comparing the cost of living in both countries is tricky because living costs vary dramatically within each city. It's important to consider the hidden costs and savings of public goods and services when comparing costs of living.

What province in Canada is best for seniors? ›

British Columbia is known as Canada's retirement destination. BC provides a number of retirement living, senior care and home care options for baby boomers and seniors. The British Columbia Senior Living Association (BCSLA) is an important community support and regulatory group for BC seniors.

Which state is best for living in Canada? ›

Top Four Best Provinces in Canada for New Immigrants
  • Ontario. Ontario is by far the most popular province for new immigrants coming to Canada. ...
  • British Columbia. Located on the west coast of Canada, British Columbia is known for its beautiful natural landscape. ...
  • Quebec. ...
  • Alberta. ...
  • Now is the time to move to Canada.
May 15, 2023

Where is the safest cheapest place to retire in the US? ›

Rather, Alabama is the most affordable state to retire in, according to WalletHub's “2023 Best States to Retire.” The analysis compared all 50 states across three key categories: health care, quality of life and affordability.

Where is the cheapest and safest place to retire in South America? ›

Panama. Named to the top spot of “Best Places to Retire in 2022” on International Living's Annual Global Retirement Index, Panama has become a popular retirement destination.

Where is the safest place to put $100,000? ›

Best Investments for Your $100,000
  • Index Funds, Mutual Funds and ETFs.
  • Individual Company Stocks.
  • Real Estate.
  • Savings Accounts, MMAs and CDs.
  • Pay Down Your Debt.
  • Create an Emergency Fund.
  • Account for the Capital Gains Tax.
  • Employ Diversification in Your Portfolio.
Apr 19, 2023

What is the #1 retirement town in the US? ›

Lancaster, Pennsylvania, ranks as the best place to retire in the U.S. thanks to a high quality of life, a reasonable cost of living and proximity to health care options. READ: The Best Beach Towns to Retire in the U.S.

Is it cheaper to retire outside the US? ›

In many places throughout the world, goods and services cost much less than they do in the United States, which allows you to reduce your monthly expenses. Currency advantages can further enhance savings if you move to a country where the U.S. dollar is strong against the local currency.

What is the best state to retire on a budget? ›

A new study identifies a rugged group of states — Wyoming, Utah, Montana and Idaho — as the most affordable destinations for American retirees.

Where is the warmest and cheapest place to retire? ›

8 Surprisingly Affordable Cities With Great Weather for Retirees
  • Tarboro, North Carolina. ...
  • Melbourne, Florida. ...
  • Lakeland, Florida. ...
  • Mountain Home, Arkansas. ...
  • Mount Airy, North Carolina. ...
  • Kingsport, Tennessee. ...
  • Roanoke, Virginia. ...
  • College Station, Texas.
Jan 26, 2023

Is Alabama a good place to retire to? ›

When it comes to retiree-friendly places, Alabama has a few standouts. In the southern region, Orange Beach, Fairhope, and Gulf Shores offer beachfront living with affordable amenities. They were among the top three places where people over 65 were moving in 2022.

Is Florida a cheap place to retire? ›

While Florida certainly has more than its share of luxurious active adult communities, it also has many affordable properties that are within your reach. You don't have to be a millionaire to snag a retirement home that offers comfort, desirable amenities, and a warm climate.

What state has the cheapest rent for seniors? ›

In 2021, the 10 states with lowest median monthly cost of assisted living were:
  • Missouri: $3,000.
  • South Dakota: $3,350.
  • North Dakota: $3,391.
  • Kentucky: $3,448.
  • Utah: $3,500.
  • Mississippi: $3,500.
  • Alabama: $3,503.
  • Georgia: $3,535.
Jun 6, 2023

What is the cheapest way for a senior to live? ›

Affordable Housing Options for Older Adults
  • Staying in Your Home. This option is ideal if you do not need comprehensive care for your daily living—or just need some caregiving assistance. ...
  • Living with Family. ...
  • Public and Subsidized Senior Housing. ...
  • Assisted Living and Residential Care Options.
May 4, 2023

Is it better to retire in Florida or Alabama? ›

Looking at just affordability, Alabama ranked as the cheapest state to retire in. Florida came in ninth in affordability and fourth in quality of life, but its 28th place ranking for health care brought down its overall ranking. Here are the 10 best states to retire in, according to WalletHub: Virginia.

Is it cheaper to live in Florida or Alabama? ›

Cost of living

It's no surprise that living in Alabama costs less than living in Florida, considering the population of Alabama is almost four times less than that of its neighboring state. Prices are naturally cheaper here because there's less demand for goods and services.

Which states do not tax retirement income? ›

Retirement distributions from 401(k) plans or IRAs are considered income for tax purposes. Fortunately, there are some states that don't charge taxes on retirement income of any kind: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming.

Where is the nicest but cheapest place to live in Florida? ›

Cape Coral

Known as the “Waterfront Wonderland,” this charming town is not only one of Florida's most affordable places but it is also one of the safest. Located in the southwestern part of the state near Fort Meyers, Cape Coral has an intricate system of canals which allow its residents to always be near the water.

What is the cheapest beach town to live in Florida? ›

Daytona Beach has long held a reputation for being one of Florida's most affordable beach towns. Ten miles south, its neighbor Ponce Inlet is just as wallet-conscious with far fewer crowds.

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