How Much Retirement Costs Monthly in Every State

Retirement can be an exciting time in your life, a chance to pursue new hobbies and passions, connect more deeply with family, and travel without setting up an out-of-office email. Many retirees even consider picking up and setting roots in a whole new state. 

Whether you’re looking to be closer to the grandkids or the beach, you might wonder how much retirement will cost you every month, in every state. Fortunately, GOBankingRates has answered this question for all 50 states, as well as the District of Columbia.

• Total Monthly Costs: $3,006
• Average Monthly Mortgage: $1,275
• Average Monthly Expenditures: $1,732

• Total Monthly Costs: $4,686
• Average Monthly Mortgage: $2,148
• Average Monthly Expenditures: $2,537

• Total Monthly Costs: $4,412
• Average Monthly Mortgage: $2,571
• Average Monthly Expenditures: $1,841

• Total Monthly Costs: $2,852
• Average Monthly Mortgage: $1,162
• Average Monthly Expenditures: $1,690

• Total Monthly Costs: $6,747
• Average Monthly Mortgage: $4,580
• Average Monthly Expenditures: $2,167

• Total Monthly Costs: $5,064
• Average Monthly Mortgage: $3,203
• Average Monthly Expenditures: $1,861

• Total Monthly Costs: $4,435
• Average Monthly Mortgage: $2,397
• Average Monthly Expenditures: $2,037

• Total Monthly Costs: $4.077
• Average Monthly Mortgage: $2,184
• Average Monthly Expenditures: $1,893

• Total Monthly Costs: $6,214
• Average Monthly Mortgage: $4,198
• Average Monthly Expenditures: $2,016

• Total Monthly Costs: $4,236
• Average Monthly Mortgage: $2,413
• Average Monthly Expenditures: $1,823

• Total Monthly Costs: $3,676
• Average Monthly Mortgage: $1,901
• Average Monthly Expenditures: $1,775

• Total Monthly Costs: $8,061
• Average Monthly Mortgage: $5,648
• Average Monthly Expenditure: $2,413

• Total Monthly Costs: $4,419
• Average Monthly Mortgage: $2,590
• Average Monthly Expenditures: $1,829

• Total Monthly Costs: $3,295
• Average Monthly Mortgage: $1,505
• Average Monthly Expenditures: $1,790

• Total Monthly Costs: $3,196
• Average Monthly Mortgage: $1,364
• Average Monthly Expenditures: $1,833

• Total Monthly Costs: $3,068
• Average Monthly Mortgage: $1,250
• Average Monthly Expenditures: $1,818

• Total Monthly Costs: $3,085
• Average Monthly Mortgage: $1,278
• Average Monthly Expenditures: $1,807

• Total Monthly Costs: $2,891
• Average Monthly Mortgage: $1,142
• Average Monthly Expenditures: $1,748

• Total Monthly Costs: $2,906
• Average Monthly Mortgage: $1,150
• Average Monthly Expenditures: $1,756

• Total Monthly Costs: $4,171
• Average Monthly Mortgage: $2,219
• Average Monthly Expenditures: $1,952

• Total Monthly Costs: $4,357
• Average Monthly Mortgage: $2,451
• Average Monthly Expenditures: $1,906

• Total Monthly Costs: $5,764
• Average Monthly Mortgage: $3,597
• Average Monthly Expenditures: $2,168

• Total Monthly Costs: $3,149
• Average Monthly Mortgage: $1,349
• Average Monthly Expenditures: $1,799

• Total Monthly Costs: $3,793
• Average Monthly Mortgage: $1,917
• Average Monthly Expenditure: $1,876

• Total Monthly Costs: $2,742
• Average Monthly Mortgage: $1,007
• Average Monthly Expenditures: $1,735

• Total Monthly Costs: $3,134
• Average Monthly Mortgage: $1,403
• Average Monthly Expenditures: $1,730

• Total Monthly Costs: $4,504
• Average Monthly Mortgage: $2,635
• Average Monthly Expenditures: $1,869

Total Monthly Costs: $3,256Average Monthly Mortgage: $1,479Average Monthly Expenditures: $1,777

• Total Monthly Costs: $4,466
• Average Monthly Mortgage: $2,589
• Average Monthly Expenditures: $1,877

• Total Monthly Costs: $4,875
• Average Monthly Mortgage: $2,760
• Average Monthly Expenditures: $2,114

• Total Monthly Costs: $4,973
• Average Monthly Mortgage: $3,053
• Average Monthly Expenditures: $1,920

• Total Monthly Costs: $3,532
• Average Monthly Mortgage: $1,738
• Average Monthly Expenditure: $1,794

• Total Monthly Costs: $4,484
• Average Monthly Mortgage: $2,530
• Average Monthly Expenditures: $1,955

• Total Monthly Costs: $3,752
• Average Monthly Mortgage: $1,909
• Average Monthly Expenditures: $1,850

• Total Monthly Costs: $3,384
• Average Monthly Mortgage: $1,484
• Average Monthly Expenditures: $1,900

• Total Monthly Costs: $3,131
• Average Monthly Mortgage: $1,280
• Average Monthly Expenditures: $1,851

• Total Monthly Costs: $2,920
• Average Monthly Mortgage: $1,171
• Average Monthly Expenditures: $1,749

• Total Monthly Costs: $4,889
• Average Monthly Mortgage: $2,904
• Average Monthly Expenditures: $1,985

• Total Monthly Costs: $3,385
• Average Monthly Mortgage: $1,515
• Average Monthly Expenditures: $1,870

• Total Monthly Costs: $4,569
• Average Monthly Mortgage: $2,628
• Average Monthly Expenditures: $1,941

• Total Monthly Costs: $3,506
• Average Monthly Mortgage: $1,698
• Average Monthly Expenditures: $1,809

• Total Monthly Costs: $3,503
• Average Monthly Mortgage: $1,7278
• Average Monthly Expenditures: $1,776

• Total Monthly Costs: $3,515
• Average Monthly Mortgage: $1,814
• Average Monthly Expenditures: $1,701

• Total Monthly Costs: $3,554
• Average Monthly Mortgage: $1,771
• Average Monthly Expenditure: $1,783

• Total Monthly Costs: $4,847
• Average Monthly Mortgage: $3,042
• Average Monthly Expenditures: $1,805

• Total Monthly Costs: $4,278.
• Average Monthly Mortgage: $2,255
• Average Monthly Expenditures: $2,024

• Total Monthly Costs: $4,107
• Average Monthly Mortgage: $2,235
• Average Monthly Expenditure: $1,872

• Total Monthly Costs: $5,529
• Average Monthly Mortgage: $3,427
• Average Monthly Expenditures: $2,101

• Total Monthly Costs: $2,696
• Average Monthly Mortgage: $907
• Average Monthly Expenditures: $1,790

• Total Monthly Costs: $3,628
• Average Monthly Mortgage: $1,697
• Average Monthly Expenditures: $1,931

• Total Monthly Costs: $3,773
• Average Monthly Mortgage: $1,970
• Average Monthly Expenditures: $1,803

Methodology: For this study, GOBankingRates analyzed the average cost of expenditures for retired residents by finding the cost of living indexes, as sourced from the Missouri Economic Research Economic Data. Multiplying them by the average expenditure costs as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for retired populations gives the average expenditure costs for each state for retired people. All data was collected and is up to date as of March 7, 2024.