Believe it or not, there are several cities across the United States where retirees can comfortably retire for under $2,000 a month. Unsurprisingly, though, you won’t find them near any of America’s popular beaches.
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To find the safest places to retire for $2,000 or less each month, GOBankingRates used ApartmentList’s data to find the average 2022 one-bedroom rents and Sperling’s Best to find the cost of living index for each selected city. Data used from Sperling’s Best allowed us to look at grocery and healthcare index scores. We also used data from the Bureau of Labor Statistics 2021 Consumer Expenditure Survey to find the annual expenditure amount for grocery (“food at home”) and healthcare costs for people aged 65 and older to determine how much a retired person might spend on groceries and healthcare in each city monthly.
Finally, in order to be qualified as “safest” for this study, the cities had to have a livability score of 65 or above, as sourced from AreaVibes, and both property and violent crime scores below the national average.
From the highest to lowest amounts of monthly expenditures, this is the ranking of the seven qualifying cities.
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