5 Affordable American Retirement Havens Rivaling Mexico, Portugal, and Costa Rica

You might be familiar with acquaintances or relatives who have relocated to areas such as Mexico, Portugal, or Costa Rica to lead a more economical lifestyle after retiring. retire .

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If you're planning to retire within the U.S., consider exploring locations beyond Florida for more budget-friendly choices. One such spot could be Youngstown, Ohio. Situated near both Pittsburgh and Cleveland, this city serves as a midway point between New York City and Chicago. Additionally, it has been recognized as the most cost-effective destination for retirees, based on various reports. US News & World Report .

U.S. News evaluated the 150 biggest metropolitan areas in the country for their suitability as retirement destinations. The ones that made the cut for being among the most budget-friendly options for retirees are included on this list. possess the least expensive homes and performed well in the U.S. News top retirement destinations rankings.

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Youngstown, Ohio

At the top of the list is Youngstown, where housing costs are quite manageable for retirees. The average price of a home stands at $137,546, while renting an apartment will set you back about $706 per month on average.

Learn More: The Most Budget-Friendly Retirement Spots in the U.S. That Appear Luxurious

Hickory, North Carolina

As reported by U.S. News, in Hickory, "Affordable homes enable retirees to maintain a comfortable lifestyle with a reasonable budget." The middle value for home prices stands at $219,950, whereas tenants typically pay around $743 each month in rent.

Springfield, Missouri

Springfield could be an excellent option for retiring due to various factors. Primarily, the cost of living, encompassing basic daily costs, is significantly less compared to many other regions across the nation. Additionally, it boasts a bustling city center along with numerous opportunities for outdoor recreation.

Brownsville, Texas

If you're considering retiring in Texas, Brownsville is far more budget-friendly compared to Austin or Houston. Additionally, it boasts a pleasant climate along with cultural influences from its neighboring Mexico.

Huntington, located in West Virginia, along with Ashland, which spans Kentucky and Ohio,

The metropolitan region encompassing Huntington and Ashland, Kentucky, sits alongside the Ohio River. In this area, you will encounter relatively inexpensive housing and a budget-friendly cost of living. The typical median price for owning a home here stands at $165,496.

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