The Best Cities To Retire on $2,000 a Month
You're planning to retire in the not-so-distant future, which means you'll be living on a fixed income. Therefore, you're looking for a new hometown where you can enjoy life while stretching your dollar to the max.
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In the U.S., the average cost of monthly expenditures for people ages 65 and older -- i.e., rent, groceries, healthcare costs -- is $1,982.25, according to a GOBankingRates study. You know your budget can't handle passing the $2,000-per-month mark, so you want to make a strategic move.
Thankfully, there are plenty of options around the country to choose from. Whether you're hoping to move to a city with warmer weather, want to be closer to family or are looking for a tight community with a lot to do -- now that you have more free time -- we found a place that will meet your needs.
Ready to start searching for a new place to enjoy your golden years? Keep reading to discover 13 cities where you can retire on $2,000 per month.
13. Lincoln, Nebraska
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Monthly expenditures: $1,878.24
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Livability: 78
Monthly healthcare costs in Nebraska's capital city top the list at $537.11. At $940 per month, rent for a one-bedroom is also the second most expensive, but it could be worth the price, as it scored the highest livability rank.
12. Des Moines, Iowa
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Monthly expenditures: $1,820.63
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Livability: 75
The city earned the second-highest livability rank, but rent in Des Moines averages a pricey $930 per month. Monthly healthcare costs also average $495.27, which is one of the highest on the list.
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11. Greensboro, North Carolina
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Monthly expenditures: $1,779.02
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Livability: 66
A great place to make friends,16% of the Greensboro population is 65 and older. However, monthly healthcare costs average among the priciest at $484.48.
10. Oklahoma City
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Monthly expenditures: $1,725.63
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Livability: 69
It might be fun to live in Oklahoma's capital city, but healthcare costs are the second-highest on the list, averaging $505.62 per month. However, monthly rent is on the cheaper side, at an average of $830.
9. Corpus Christi, Texas
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Monthly expenditures: $1,718.34
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Livability: 69
Chances are, you'll have a vibrant social life in Corpus Christi, as 15% of the population is 65 and older. However, healthcare costs are on the higher side, averaging $436.16 per month.
8. Indianapolis
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Monthly expenditures: $1,709.95
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Livability: 65
At $950 per month, the average rent in Indianapolis is the highest on the list. However, you can even this out a bit at the supermarket, as grocery costs in this buzzy city are on the lower end, averaging just $385.48 per month.