4) Cape Coral, Florida
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Another Floridian city on the list of cheapest places to retire may come as no surprise. Over 20% of Cape Coral’s population is enjoying retirement, which means newbies will feel very welcome when relocating to this west coast city.
Cape Coral is known for its hundreds of miles of canals which allows many residents to enjoy waterfront property and even have their boats literally parked in their backyard. Another major benefit for retirees in Cape Coral is the low median price of real estate and lower than average cost of living. It’s one of the most affordable places to own property, but the cost is on the rise due to increasing demand. Get in while you can! Golfing and fishing are two of the biggest pastimes for retirees. There are ample opportunities for both activities around every turn.