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27 Cheapest Places Where You'll Really Want to Retire

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If you're looking for a cheap retirement destination, you can pretty much count out the West Coast, the Northeast, Alaska and Hawaii. Still, more than half of U.S. states offer at least one great affordable place for you to retire in. Cost of living is a crucial factor for retirement planning. After all, you need to make sure your daily expenses don't put too big a strain on your fixed income. Indeed, 67% of people say they'd move to a less expensive location to have a more financially comfortable retirement, according to a survey by Merrill Lynch and Age Wave, a research firm focused on the aging population.

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To that end, we identified which of our 50 Best Places to Retire in the U.S. offer below-average living costs. On top of affordability, all these places rank well with us, taking into account safety, median incomes and poverty rates for retirement-age residents, as well as residents' sense of well-being and the availability of recreational and health care facilities. And they're scattered all across the nation. Take a look.

See Also: Where to Retire: All 50 States Ranked for Retirement

The list is ordered alphabetically by state. See "How We Picked the Best Places to Retire" at the end of the list for details on our data sources and methodology.

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