Planning to retire and live on a fixed income?  Here are some new “hometowns” where maximum dollar stretching is possible while simultaneously living an enjoyable life.

Make Strategic Retirement Move

According to a recent GOBankingRates study, the average cost of monthly expenses for people ages 65 and older (rent, groceries, healthcare costs, etc.) is $1,982.25.

Living in a place that will suit your needs without passing the threshold of $2,000/month requires some strategic thinking.  Here are some places to consider that may be “just for” you and/or your clients.

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13 Cities to Retire on $2,000/Month

  1. Shreveport LA

         – monthly expenses – $1,498.65

                  – groceries $374.77/month

                  – rent – $730/month

         – livability – 65

  1. Lubbock TX

         – monthly expenses – $1520.60

                  – rent – $690/month

                  – health care – $452.12/month

         – livability – 68

  1. El Paso TX

         – monthly expenditures – $1,562.92

                  – rent – $810/month

                  – health care costs – $374.04/month

         – livability – 74

  1. Tucson AZ

         – monthly expenses – $1,584.91

                  – health care costs – $351.60/month

                  – 20% of population 65 or older

         – livability – 65

  1. Laredo TX

         – monthly expenses – $1,588.77

                  – groceries – $379.71/month

                  – only 9% of population 65 or older – harder to socialize

         – livability – 71

  1. Cincinnati OH

         – monthly expenses – $1,640.38

                  – groceries – $401.95/month

                  – health care costs – $368.43/month

         – livability – 68

  1. Columbus OH

         – monthly expenses – $1,680.50

                  – health care costs – $373.61/month

                  – groceries – $406.89/month

         – livability – 73

  1. Indianapolis IN

         – monthly expenses – $1,709.95

                  – rent – $950/month

                  – groceries – $385.48/month

         – livability – 65

  1. Corpus Christi TX

         – monthly expenses – $1,718.34

                  – health care costs – $436.16/month

                  – 15% of population 65 or older

         – livability – 69

  1. Oklahoma City OK

         – monthly expenses – $1,725.63

                  – health care costs – $505.62/month

                  – rent – $830/month

         – livability – 69

  1. Greensboro NC

         – monthly expenses – $1,779.02

                  – health care costs – $484.48/month

                  – 16% of population 65 or older

         – livability – 66

  1. Des Moines IA

         – monthly expenses – $1,820.63

                  – rent – $930/month

                  – health care costs – $495.27/month

         – livability – 75

  1. Lincoln NB

         – monthly expenses – $1,878.24

                  – rent – $940/month

                  – health care costs – $537.11

         – livability – 78

(Make sure to “update” these dollar amounts to account for rising inflation and monthly prices.)

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