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  • AZ Insurance Team

5 Cheapest Cities for Retirement

Did you know that 55% of Americans don't plan accurately for retirement costs? Because of this, many Americans must rely on their Social Security benefits which are around $1500 a month. In many cities, $1500 a month will barely cover rent let alone any groceries or medical costs. According to GOBankingRates, these are the 5 cheapest cities for retirement based upon the cost-of-living index:

5. Grand Ledge, Michigan

This town is just under 8,000 people and is known for their small town feel and many outdoor activities.

Total monthly costs: $1,264

Livability score: A-

4. St. Johns, Michigan

St. Johns is famous for it's mint farming and is known as the mint city of the world! An endless supply of mint chocolate chip can be found here, as well.

Total monthly costs: $1260

Livability score: A-

3. Vandalia, Ohio

A suburb of Dayton, Vandalia is a business hub that is a great location for those who enjoy traveling. It has easy access to many highways and is close to Dayton International Airport.

Total monthly costs: $1247

Livability score: A+

2. Turtle Creek, Pennsylvania

This city is known for its parks and great restaurants. With a population of around 5,000 there is a small town, community feel.

Total monthly costs: $1240

Livability score: A+

1. Tallmage, Ohio

This city is centered around the Tallmadge Church and offers plenty of history for its residents. There is a population of around 17,000 and many shops and restaurants within the town.

Total monthly costs: $1238

Livability score: A+


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