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Commitment to Our Readers<\/p>\n
GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services – our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines<\/a> and our products and services review methodology<\/a>.<\/p>\n 20 Years Trusted by Retirement doesn\u2019t mean you have to give up nice weather or the enjoyment of life. Yes, it\u2019s tough to live on a fixed income, but location is everything. <\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n According to the U.S. Bureau of Labor Statistics<\/a>, the average American household\u2019s expenses are $78,535 a year, but depending on where you settle, having a monthly income of $2,500 can cover a comfortable pace of life. Here are five small towns where you can retire<\/a> on a modest budget and soak up the beautiful weather<\/a>.\u00a0<\/p>\n 1. Las Vegas, New Mexico: Affordable High-Desert Retirement With Sunny Weather Las Vegas, New Mexico, isn\u2019t as flashy as the strip in Nevada, but it has something else going for it \u2014 affordability<\/a>. Retirees who enjoy outdoor activities and spending time in nature can live there for about $2,333 a month, according to BestPlaces<\/a>. The high-desert climate is dry and sunny, with especially beautiful weather in the spring and fall. <\/p>\n \u00a0<\/p>\n 2. Sebring, Florida: A Budget-Friendly Retirement Town With Year-Round Sunshine Community, year-round sunny skies and a wide range of activities are perks retirees can look forward to in Sebring. Plus, it\u2019s wallet-friendly. You can live there for $2,300 per month, according to BestPlaces<\/a>.<\/p>\n 3. Mason City, Iowa: One of the Most Affordable Small Towns for Retirees Retirees on a budget<\/a> can enjoy a low cost of living of around $2,133 a month, according to BestPlaces<\/a>, and enjoy the town\u2019s historic architecture, walking trails, parks and golfing. The area features long, warm summers and shorter cold winters.\u00a0<\/p>\n 4. Brownsville, Texas: Warm Weather Retirement on a Budget With its warm, tropical climate, proximity to South Padre Island beaches and welcoming community, Brownsville is a destination retirees are drawn to. It\u2019s also cost-effective, with monthly expenses averaging $2,400 per month, according to BestPlaces<\/a>.\u00a0<\/p>\n 5. Grenada, Mississippi: A Low-Cost Retirement Town Near the Lake Grenada is a peaceful small town where retirees can enjoy an affordable cost of living<\/a> of about $2,000 per month, per BestPlaces<\/a>. With Grenada Lake nearby, residents have easy access to camping, fishing, hiking and scenic waterfront views.<\/p>\n Retiring in the U.S. has been a financial strain for many, but in the right spot, it\u2019s possible to live on $2,500 a month and still enjoy a fun lifestyle.<\/p>\n Editor\u2019s note: Population and media household income figures were sourced from Data USA<\/a>. Cost-of-living figures were sourced from BestPlaces<\/a>, and average home values were sourced from Zillow<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Commitment to Our Readers GOBankingRates’ editorial team is committed to bringing you unbiased reviews and information. We use…\n","protected":false},"author":2,"featured_media":612218,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,9549,1625,184,185,1793],"class_list":{"0":"post-612217","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-gobankingrates","13":"tag-lifestyle","14":"tag-personal-finance","15":"tag-personalfinance","16":"tag-retirement"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/612217","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=612217"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/612217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/612218"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=612217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=612217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=612217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/cdn.gobankingrates.com\/wp-content\/uploads\/2023\/11\/icon-20.svg?webp=1&quality=75\"){kind=icon}
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Millions of Readers<\/p>\n
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\nAverage home value: $241,426
\nMedian household income: $50,585<\/p>\n
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