11 Cheapest Cities in the U.S. To Retire

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9) Jackson, Mississippi

We like this southern state for its tax-friendly laws for retirees. Not only does the state of Mississippi not tax Social Security benefits, it also doesn’t touch any other qualified retirement income. Retiring here means holding on to more of your money than you would in other states. What’s so great about Jackson in particular? It’s cultured and historic. The Freedom Trail runs right through the city with many significant Civil War sites. Jackson also hosts a number of competitive dance and ballet competitions, attracting professionals from all over the world. It claims lots of interesting museums like the Mississippi Agriculture Museum and the Mississippi Museum of Natural Science. Best of all, Jackson is very affordable for retirees on a budget. The cost of living is 11% below the national average and the median listed home price is a low $129,500. An affordable and comfortable lifestyle is completely possible in Jackson.

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