11 US Cities Where You Can Retire on $1,000 Monthly Budget

When you retire, you’ll want to look for ways to keep your cost of living low, while still having a high standard of living. Luckily, there are many US cities where this is possible. GoBankingRates did a study on this and found numerous cities where you can live on $1,000 or less a month. This includes cities throughout the United States, from the Southwest to the Northeast. However, the one caveat is the study assumes that you own your home and have finished paying off your mortgage by the time you retire. If you’re ready to retire for less, here are eleven cities throughout the United States where you can easily retire on a $1,000 monthly budget.

1) El Paso, Texas

The Texan city of El Paso has a low cost of living while still offering plenty of amenities. According to GoBankingRates, you can live in El Paso on about $893.25 a month. Overall, the cost of living in this city is 13 percent less than the national average. AreaVibes gave El Paso a high Livability ranking of 79, and it gave the city’s amenities an A+ rating. Some of these amenities include the El Paso Playhouse, El Paso’s longest-running theater company. This playhouse puts on numerous high-quality plays each season. If you love being outdoors, El Paso also has many parks where you can hike or go for leisurely strolls. There are also many golf courses where you can practice your swing. When you’re living in El Paso, you’ll get plenty of bang for your buck.


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2) Fort Wayne, Indiana

If you want to retire in the Midwest, Fort Wayne is a good choice. You can live in this city on about $822.17 a month. Fort Wayne also has low average utility costs of $242.45, and the cost of living here is 16 percent less than the national average. While Fort Wayne can get chilly in winter, the summers are beautiful, with average highs in the low 80s. Fort Wayne has many amenities you can enjoy in all types of weather. This includes the lovely Foellinger-Freimann Botanical Conservatory, which has both outdoor gardens and an indoor conservatory that’s open year-round. Fort Wayne also has numerous theaters that put all types of shows, from plays to ballets. Plus, if you love classical music, you can go to a performance of the Fort Wayne orchestra at the Fort Wayne Philharmonic. The city of Fort Wayne has tons of amazing amenities available.


3) Corpus Christi, Texas

If you’re hoping to retire somewhere that’s warm and by the water, Corpus Christi is a good choice. This Texas city is located on Corpus Christi Bay, just off the Gulf of Mexico. When you’re living here, you can spend your days on the beach at Padre Island National Seashore. This beach has gorgeous views of the Gulf of Mexico, and it’s perfect for anyone who wants to spend their retirement boating or fishing. You can also check out the South Texas Botanical Garden and Nature Center, home to tropical flowers and over 2,500 different orchids. When you’re living in Corpus Christi, you’ll get to enjoy sunny weather and beautiful beaches at affordable prices. You can live here on about $945.38 a month, and the cost of living here is 11 percent less than the national average.


4) Boise, Idaho

The Northwestern city of Boise is a good spot for outdoor enthusiasts to retire. The city is surrounded by stunning mountains and canyons, many of which have hiking trails. Even if you’re not interested in hiking, Boise still has plenty to offer retirees. Boise has a Walkability score of 40, and one of the most walkable parts of the city is their downtown area. Here, you can enjoy local restaurants that serve cuisine from around the world. You can also check out the area’s many locally-owned shops. The city is also considered to be very safe, and NeighborhoodScout gave it a safety ranking of 30. Plus, eleven percent of Boise residents are 65 or older. With such a large community of older residents, it will be easy for you to meet other retirees.


5) Montgomery, Alabama

The capital of Alabama is a good place to retire on a budget. In Montgomery, your total monthly expenditures should come in at about $878.92. Plus, monthly health costs and housing expenses are typically low. On the downside, Walk Score did give Montgomery a low walkability score of 25, which means you will need a car to get around. Still, Montgomery’s lovely weather and great amenities make this Southern city worth checking out. You can catch plays and musicals at the beautiful Montgomery Performing Arts Centre or the Cloverdale Playhouse. You can also enjoy the warm weather at the city’s numerous parks, gardens, and nature centers. Plus, you can get amazing views of the Alabama River on Montgomery’s Riverwalk. Montgomery’s laidback Southern charm makes this city perfect for every retiree.


6) Lexington, Kentucky

The city of Lexington is famous for its horse farms and racetracks, and is full of fascinating horse-related attractions. This includes Kentucky Horse Park, a 1,200-acre park with 50 breeds of horses, horseback rides, and museums that discuss the history of horses in Lexington. Even if you’re not interested in horses, Lexington still has plenty to offer retirees. According to GoBankingRates, your total monthly expenditures should be about $996.91. Lexington also has a high Livability rating of 74. The area around Lexington has many wineries and craft breweries that are perfect for a fun daytrip. If you’re a golfer, you can spend your days teeing up at one Lexington’s many golf courses. Or, if you love art, check out the city’s numerous art galleries and museums. Lexington has something for everyone.


7) Pittsburgh, Pennsylvania

If you’re hoping to retire in a Northeastern city, Pittsburgh is a good choice for you. Your total monthly expenditures here should come in at about $933.61. Plus, Pittsburgh has a high Livability score of 70. AreaVibes gave Pittsburgh such a high score because of its low cost of living and its many amenities for residents. This includes the Strip, a popular shopping area near the Allegheny River. This area is home to a wide variety of shops, bakeries, and diners. You can also spend the day cheering on the Pittsburgh Pirates at PNC Park. This park is located right by the Allegheny River, providing easy access to Pittsburgh’s riverfront attractions and downtown area. The Steel City has undergone revitalization in recent years, and there are many fun things to do here for retirees.


8) Grand Rapids, Michigan

If you’d like to retire in the Great Lakes State, Grand Rapids is a good choice for you. This bustling city is located just about 30 miles from Lake Michigan. There are also many interesting sites to see in Grand Rapids itself. When you’re living in Grand Rapids, you can spend your days exploring the city’s many parks and gardens, including the unique Frederik Meijer Gardens and Sculpture Park. If you enjoy going for leisurely strolls, you’ll be happy to hear that Walk Score gave Grand Rapids a walkability score of 55. This means that the city is somewhat walkable. NeighborhoodScout gave Grand Rapids a safety score of 18, which means it’s safer than 18 percent of cities in the US. They also said that Grand Rapids is considerably safer than many other communities of its size. Overall, Grand Rapids is a great place to retire.


9) Columbus, Georgia

The beautiful city of Columbus offers gorgeous scenery and a low cost of living. This Georgian city is located on the Chattahoochee River, and they have a beautiful RiverWalk where you can take leisurely strolls by the water. There are also plenty of great places to fish and go boating in and around Columbus. The city of Columbus also has many fascinating cultural sites, including the Columbus Museum. This museum is the second largest art museum in Georgia, and features exhibits that discuss the history of Columbus. Plus, Columbus is full of delicious restaurants that serve classic Southern barbecue, all-American burgers and fries, Italian fare, and more. When you’re living in Columbus, your total monthly expenditures should be about $880.61. Plus, the cost of living here is nine percent lower than the national average.


10) Oklahoma City, Oklahoma

In Oklahoma City, your total monthly expenditures will most likely be around $928.67. Oklahoma City’s cost of living is 14 percent lower than the national average. It also has very inexpensive groceries—on average, your monthly grocery bill should come in at just $264.55. In recent years, Downtown Oklahoma City has grown and expanded, and now, the area is home to numerous local shops and restaurants. One of the most population spots in Downtown OKC is Bricktown. This district is known for its entertainment venues, local shops, and restaurants serving everything from Tex-Mex cuisine to sushi. Downtown OKC is also home to an arts district, a jazz district, and a Midtown district, which has shops and restaurants. With so many entertainment and dining options, you won’t have to worry about running out of things to do in Oklahoma City.


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