Top 10] Best Small Towns To Retire on $2,300 a Month
By: Mary Jones
Retirement is a time of frugality for many, since other than Social Security and pension payments, many folks don’t have much money coming in. If you’re not rooted to a specific location, you are free to move to where the living comes cheaply, like the 10 small towns on this list.
For this study, small towns those with a population less than 30,000, where you can retire on a budget of $2,300 dollars or less, using data from ApartmentList June 2022.
In Humble, nearly 15% of the population is age 65 or older. Here you’ll pay only $336.67 in monthly groceries and $305.48 in monthly utilities.
In Seabrook, monthly expenditures are almost $400 less than the national average. Here, while healthcare is a decent chunk of expenses, at $513.44, other expenses are low, like $352.09 in monthly grocery costs.
Auburn Hills, Michigan
In Auburn Hills, monthly grocery costs are only $333.17 per month, and monthly healthcare costs, $452.31 per month.
In Hopkins, your paycheck won’t be stretched overly thin by the cost of utilities, which is $309.26 per month, and healthcare is only $436.20.
Universal City, Texas
In Universal City, 14.3% of the population is age 65 or older. Monthly expenditures are reasonable, with grocery costs at $322.31 per month and utilities at $305.79 per month.
Maryland Heights, Missouri
Maryland Heights has one of the lowest monthly utilities costs on the lists, at $298.23 per month. Monthly grocery costs are still under the national average, as well, at $342.98.
In Tomball, 18.8% of the population is age 65 or older. Here, your income goes decently far, with monthly utilities at $306.42 per month and monthly groceries costing $344.03 per month.
Willoughby Hills, Ohio
In Willoughby Hills, where 18% of the population is over age 65, monthly healthcare costs are only $464.54 per month.
Parma Heights, Ohio
In Parma Heights, which has the highest percentage of people age 65 and over at 20%, you’ll pay the cheapest rent of all the cities on the list, and other expenses are also reasonable.
Farmington is almost the cheapest place to live on this list. While some of its expenses are a wee bit higher than the number two city, it has a livability score of 94, which is fantastic, and overall, the monthly expenditures to live here are almost $600 cheaper than the national average.