GOBankingRates

50 Cheap, Beautiful Places To Retire

©Unsplash

    If you're like most people facing retirement, you don't have an unlimited budget. Even so, that doesn't mean that you have to settle for living out what are supposed to be your golden years in a less-than-desirable locale just to make ends meet.

    Retirement: 27 Best Strategies To Get the Most Out of Your 401(k)
    401(k) vs. Roth 401(k): Which Is Better for You?

    Retirement should be about enjoying your life with minimal stress and spending some time in the sun. To do that on a budget, though, you'll need to choose a retirement destination that's not only affordable but also features a hospitable climate. To assist you in your relocation plans, GOBankingRates looked at hundreds of U.S. cities to find the 50 cheapest places to retire that feature beautiful, sunny weather.

    More often than not, retirees will find the most affordable and sunniest retirement destinations in the southernmost state of the continental U.S. -- Florida. Eight out of the top 10 U.S. cities on this list are located in Florida. And over 50% of the entire list is made up of cities in the Sunshine State.

    If the West Coast is more your preference, you're in luck, because a few locations in California made the list. And if locations in Florida or California don't appeal, there's a handful of other affordable cities to choose from.

    Read More: 50 Best (and Worst) Cities for an Early Retirement

    To rank in the study, each city had to meet the following requirements: More than 25% of the population had to be age 65 or older, the median home listing price needed to be among the most affordable and the average annual temperature needed to fall in the moderate range. Check out these beautiful places to retire that won't stretch your bank account.

    Retire Comfortably
    Althom / Getty Images

    Prescott, Arizona

    • Median list price: $459,000
    • Average temperature (Fahrenheit): 55.8
    • Total population: 41,468
    • Percentage of population 65 and older: 35.5%

    Read: Best Cities To Retire on a Budget of $1,500 a Month

    Thomas Barrat / Shutterstock.com

    Niles, Illinois

    • Median list price: $319,500
    • Average temperature (Fahrenheit): 49.4
    • Total population: 29,823
    • Percentage of population 65 and older: 25.2%

    Take a Look: These Once-Hot Housing Markets Are Cooling Off

    Raymond Kasprzak / Shutterstock.com

    Huntley, Illinois

    • Median list price: $271,990
    • Average temperature (Fahrenheit): 48.4
    • Total population: 26,265
    • Percentage of population 65 and older: 30.5%

    Discover: Most Affordable Places To Retire Near You

    T71024 / Wikimedia Commons

    Lincoln, California

    • Median list price: $510,995
    • Average temperature (Fahrenheit): 65
    • Total population: 46,404
    • Percentage of population 65 and older: 27.2%
    Denise Kappa / Shutterstock.com

    Hilton Head Island, South Carolina

    • Median list price: $489,000
    • Average temperature (Fahrenheit): 65.7
    • Total population: 39,666
    • Percentage of population 65 and older: 34%
    Wildnerdpix / Shutterstock.com

    Hot Springs Village, Arkansas

    • Median list price: $232,000
    • Average temperature (Fahrenheit): 54.4
    • Total population: 13,918
    • Percentage of population 65 and older: 61.5%

    Read: How To Protect Your Retirement Savings During the Pandemic

    EdwinWilke / Shutterstock.com

    Marco Island, Florida

    • Median list price: $579,900
    • Average temperature (Fahrenheit): 71.8
    • Total population: 17,561
    • Percentage of population 65 and older: 51.5%
    Harry Beugelink / Shutterstock.com

    Fountain Hills, Arizona

    • Median list price: $515,000
    • Average temperature (Fahrenheit): 69
    • Total population: 24,047
    • Percentage of population 65 and older: 34.7%

    Retire Comfortably
    Famartin / Wikimedia Commons

    Holiday City-Berkeley, New Jersey

    • Median list price: $189,000
    • Average temperature (Fahrenheit): 54
    • Total population: 12,242
    • Percentage of population 65 and older: 70.1%

    Pictured: Barnegat Inlet in Island Beach State Park in Berkeley Township, New Jersey

    Dolly442 / Wikimedia Commons

    Laguna Woods, California

    • Median list price: $319,000
    • Average temperature (Fahrenheit): 62.4
    • Total population: 16,314
    • Percentage of population 65 and older: 82.5%

    Pictured: Laguna Woods Village Golf Course

    Read: How Much It Cost To Retire in the Year You Were Born

    shuttersv / Shutterstock.com

    Bella Vista, Arkansas

    • Median list price: $197,700
    • Average temperature (Fahrenheit): 57
    • Total population: 28,092
    • Percentage of population 65 and older: 32%
    Steve Minkler / Shutterstock.com

    Banning, California

    • Median list price: $277,092
    • Average temperature (Fahrenheit): 61.8
    • Total population: 30,824
    • Percentage of population 65 and older: 26.6%

    Find Out: 27 Ugly Truths About Retirement

    Newtonian / Shutterstock.com

    Oro Valley, Arizona

    • Median list price: $348,949
    • Average temperature (Fahrenheit): 65.4
    • Total population: 42,889
    • Percentage of population 65 and older: 30%

    Pictured: Sonoran Desert nearby

    RoschetzkyIstockPhoto / Getty Images/iStockphoto

    Georgetown, Texas

    • Median list price: $323,990
    • Average temperature (Fahrenheit): 64.5
    • Total population: 63,062
    • Percentage of population 65 and older: 29.8%
    Steve Hedin / Wikimedia Commons

    Pahrump, Nevada

    • Median list price: $239,900
    • Average temperature (Fahrenheit): 62.1
    • Total population: 35,812
    • Percentage of population 65 and older: 31.2%

    Retire Comfortably
    Bob Pool / Shutterstock.com

    Saddlebrooke, Arizona

    • Median list price: $339,950
    • Average temperature (Fahrenheit): 67.5
    • Total population: 10,300
    • Percentage of population 65 and older: 69.4%
    ©Shutterstock.com

    Palm Springs, California

    • Median list price: $468,000
    • Average temperature (Fahrenheit): 73.9
    • Total population: 47,140
    • Percentage of population 65 and older: 30%
    Manuel Mayo / Shutterstock.com

    Palm Beach Gardens, Florida

    • Median list price: $455,000
    • Average temperature (Fahrenheit): 73.5
    • Total population: 53,119
    • Percentage of population 65 and older: 29.2%
    Stephen B Calvert Clariosophic / Wikimedia Commons

    Palm City, Florida

    • Median list price: $425,000
    • Average temperature (Fahrenheit): 73.3
    • Total population: 24,537
    • Percentage of population 65 and older: 29.9%
    Ken Bosma / Wikimedia Commons

    Green Valley, Arizona

    • Median list price: $199,900
    • Average temperature (Fahrenheit): 63
    • Total population: 21,912
    • Percentage of population 65 and older: 77.3%
    felixmizioznikov / Getty Images/iStockphoto

    Aventura, Florida

    • Median list price: $399,000
    • Average temperature (Fahrenheit): 73
    • Total population: 37,875
    • Percentage of population 65 and older: 28.3%
    Angel McNall Photography / Shutterstock.com

    Lake Havasu City, Arizona

    • Median list price: $333,000
    • Average temperature (Fahrenheit): 70
    • Total population: 53,463
    • Percentage of population 65 and older: 31.5%
    Jon Bilous / Shutterstock.com

    New Smyrna Beach, Florida

    • Median list price: $341,000
    • Average temperature (Fahrenheit): 70.9
    • Total population: 25,103
    • Percentage of population 65 and older: 36.4%
    Jeff Whyte / Shutterstock.com

    Palm Desert, California

    • Median list price: $399,000
    • Average temperature (Fahrenheit): 73.9
    • Total population: 51,675
    • Percentage of population 65 and older: 33%

    Check Out: 100 Ways To Make Your Money Last Until You're 100

    Retire Comfortably
    Fontaine W. / Yelper

    Sun Lakes, Arizona

    • Median list price: $333,000
    • Average temperature (Fahrenheit): 71
    • Total population: 14,800
    • Percentage of population 65 and older: 78.9%
    Sean Pavone / Shutterstock.com

    Sarasota, Florida

    • Median list price: $359,000
    • Average temperature (Fahrenheit): 73.1
    • Total population: 55,103
    • Percentage of population 65 and older: 26.5%
    ablokhin / Getty Images

    Naples, Florida

    • Median list price: $399,000
    • Average temperature (Fahrenheit): 75.1
    • Total population: 21,279
    • Percentage of population 65 and older: 51.5%
    Stephen Orsillo / Shutterstock.com

    Bonita Springs, Florida

    • Median list price: $389,450
    • Average temperature (Fahrenheit): 74.7
    • Total population: 51,890
    • Percentage of population 65 and older: 38.7%
    PhotoYoshi / Getty Images/iStockphoto

    Ormond Beach, Florida

    • Median list price: $298,450
    • Average temperature (Fahrenheit): 70.7
    • Total population: 41,238
    • Percentage of population 65 and older: 29.4%
    Michael Warren / Getty Images/iStockphoto

    Palm Coast, Florida

    • Median list price: $269,000
    • Average temperature (Fahrenheit): 69.4
    • Total population: 82,356
    • Percentage of population 65 and older: 27%
    ©Shutterstock.com

    Sun City West, Arizona

    • Median list price: $$255,950
    • Average temperature (Fahrenheit): 69
    • Total population: 25,085
    • Percentage of population 65 and older: 82.8%

    Pictured: Sun City, Arizona

    SkyViewsPhotography / Getty Images/iStockphoto

    Palm Harbor, Florida

    • Median list price: $319,900
    • Average temperature (Fahrenheit): 72
    • Total population: 61,553
    • Percentage of population 65 and older: 27.1%
    PeterEtchells / Getty Images

    Tarpon Springs, Florida

    • Median list price: $304,900
    • Average temperature (Fahrenheit): 72
    • Total population: 24,686
    • Percentage of population 65 and older: 28.5%

    Retire Comfortably
    Ilya Images / Shutterstock.com

    Dunedin, Florida

    • Median list price: $299,00
    • Average temperature (Fahrenheit): 72.6
    • Total population: 36,099
    • Percentage of population 65 and older: 30.6%
    nwinter / Getty Images/iStockphoto

    Apache Junction, Arizona

    • Median list price: $220,000
    • Average temperature (Fahrenheit): 69
    • Total population: 38,452
    • Percentage of population 65 and older: 31.3%
    BernieCB / Flickr.com

    Estero, Florida

    • Median list price: $339,900
    • Average temperature (Fahrenheit): 74.7
    • Total population: 31,510
    • Percentage of population 65 and older: 45.3%
    Jim Schwabel / Shutterstock.com

    Venice, Florida

    • Median list price: $$291,945
    • Average temperature (Fahrenheit): 73
    • Total population: 22,192
    • Percentage of population 65 and older: 61.1%
    Peter Titmuss / Shutterstock.com

    The Villages, Florida

    • Median list price: $269,900
    • Average temperature (Fahrenheit): 72.2
    • Total population: 74,618
    • Percentage of population 65 and older: 78.6%
    Jim Schwabel / Shutterstock.com

    Englewood, Florida

    • Median list price: $299,900
    • Average temperature (Fahrenheit): 73.8
    • Total population: 15,169
    • Percentage of population 65 and older: 49.4%
    Badger13 / Shutterstock.com

    Sun City, Arizona

    • Median list price: $189,000
    • Average temperature (Fahrenheit): 69
    • Total population: 39,000
    • Percentage of population 65 and older: 75.6%
    David Balmer / Wikimedia Commons

    Iona, Florida

    • Median list price: $280,360
    • Average temperature (Fahrenheit): 74
    • Total population: 14,349
    • Percentage of population 65 and older: 52.4%

    Pictured: Shell Point Golf Course

    Learn: How One Man Saved $1 Million in 5 Years

    Nelson Sirlin / Shutterstock.com

    Punta Gorda, Florida

    • Median list price: $267,500
    • Average temperature (Fahrenheit): 73.9
    • Total population: 18,656
    • Percentage of population 65 and older: 55.3%

    Play It Safe: 9 Stable Investments With the Highest Returns

    Retire Comfortably
    Mikereichold / Wikimedia Commons

    Largo, Florida

    • Median list price: $238,000
    • Average temperature (Fahrenheit): 72.6
    • Total population: 82,433
    • Percentage of population 65 and older: 25.6%

    Pictured: Taylor Lake

    ©Shutterstock.com

    Sebastian, Florida

    • Median list price: $235,000
    • Average temperature (Fahrenheit): 73
    • Total population: 23,923
    • Percentage of population 65 and older: 31.6%
    steve estvanik / Shutterstock.com

    Rancho Mirage, California

    • Median list price: $247,250
    • Average temperature (Fahrenheit): 73.9
    • Total population: 17,975
    • Percentage of population 65 and older: 51.7%
    Stan Shebs / Wikimedia Commons

    Bullhead City, Arizona

    • Median list price: $260,000
    • Average temperature (Fahrenheit): 74.7
    • Total population: 39,824
    • Percentage of population 65 and older: 29.2%
    Sun City Senior Living / Yelper

    Sun City Center, Florida

    • Median list price: $210,245
    • Average temperature (Fahrenheit): 72.4
    • Total population: 21,986
    • Percentage of population 65 and older: 73.7%

    Pictured: Sun City Senior Living in Sun City, Florida nearby

    Lucile Purnell / Shutterstock.com

    Port Charlotte, Florida

    • Median list price: $220,000
    • Average temperature (Fahrenheit): 73.9
    • Total population: 59,654
    • Percentage of population 65 and older: 30%
    Ebyabe / Wikimedia Commons

    North Fort Meyers, Florida

    • Median list price: $210,950
    • Average temperature (Fahrenheit): 75.1
    • Total population: 40,916
    • Percentage of population 65 and older: 47.2%

    Pictured: J. Colin English School in North Fort Meyers, Florida

    Rose West Photo / Shutterstock.com

    Tamarac, Florida

    • Median list price: $199,845
    • Average temperature (Fahrenheit): 75.5
    • Total population: 64,262
    • Percentage of population 65 and older: 26%

    More From GOBankingRates

            Methodology: GOBankingRates determined the cheapest cities by analyzing 847 U.S. cities with populations of over 10,000 people, narrowing down the list of cities to only those with greater than 25% share of the population being 65-year-olds and older, sourced from the Census Bureau's 2017 American Community Survey. From this list of cities, the two main factors used were (1) median home listing price, sourced from Zillow's July 2019 index; and (2) average annual temperature, sourced from Weather Base. All data compiled on Aug. 27, 2019.