Moving to a place with a lower cost of living can improve your retirement finances. If you sell a home in an expensive city and buy or rent in another city with more reasonable housing costs, you may be able to boost your retirement savings, retire sooner or enjoy a higher quality of life. A recent U.S. News analysis compared the 150 largest metropolitan areas in the U.S. as potential retirement spots. The study included data about housing affordability, happiness, desirability, retiree taxes, the job market and access to quality health care. These are the cities with the most affordable housing that also scored highly on the U.S. News Best Places to Retire in 2022-2023 ranking. Consider these affordable cities for retirement.
See Slideshow: The Most Affordable Places to Retire (usnews.com)