Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

Best Places in Every State to Live On a Fixed Income

April 5, 2018 · Retirement Life

Kansas: Topeka

Here’s another one of the most affordable cities in the nation when it comes to home prices and rent. You can settle down in your own little place with just $105,600 or save money by renting- it costs just $943 per month.

It just goes to show that capital cities, while budding with opportunities of all kinds, especially for seniors, are not quite as expensive as we might initially think.

A senior woman painting outdoors in Danville, Kentucky.
A woman paints outdoors among the vibrant spring blossoms and historic brick buildings of charming Danville.

Kentucky: Danville

Danville, the principal city of the Danville Micropolitan Statistical Area, is yet another surprisingly affordable city for seniors. Here, the median rent comes to around $896 per month and has only increased by 1% lately.

The median home price of just $111,500 should be reason enough for you to settle down here during retirement.

Retirees enjoying music and culture in Lafayette, Louisiana.
Seniors enjoy live music and dancing under mossy oaks at a vibrant Lafayette community festival.

Louisiana: Lafayette

Lafayette is a great place for seniors not only in terms of prices but also due to active arts and sports communities. The  Acadiana Symphony Orchestra and Conservatory of Music, Chorale Acadienne, Lafayette Ballet Theatre and Dance Conservatory, The Lafayette Concert Band, and Performing Arts Society of Acadiana; as well as the Paul and Lulu Hilliard University Art Museum and the Acadiana Center for the Arts are just some of the cultural organizations you’ll find here.

But let’s talk about prices too. Home values have gone up by 2% lately, while rent has actually declined by 3%. That means you could live here and pay $1,186 per month!

A couple walking by the Kennebec River in Augusta, Maine.
A couple strolls across a bridge in Augusta, Maine, with the historic state house dome in view.

Maine: Augusta

If you want to buy property in Augusta you might be concerned over the 11% increase in the real estate market over the last couple of years. What if we told you you could still buy a home for $146,100, $80,700 less than the national average.

Rent is also a good option since prices have dropped by 3%. Augusta is the third least populous state in the U.S. so you might be able to avoid the hustle and bustle of big cities while living here while also reaping the benefits in terms of entertainment and recreation.

A senior man in a cozy bookstore in Hagerstown, Maryland.
A man browses a cozy Hagerstown bookstore, illustrating the charming and affordable lifestyle for those on fixed incomes.

Maryland: Hagerstown

If you’re looking for a charming, semi-rural Western Maryland setting that won’t ruin your retirement savings all in one go, then Hagerstown is the place to go. Home prices have risen by 5.5%, thus bringing the median home value to $172,300.

Rent is more reliable in this area, as prices haven’t changed all that much. For $1,194 a month you could live comfortably while enjoying everything Hagerstown has to offer: historical sites, parks, museums, theatres and more.

Pages: 1 2 3 4 5 6 7 8 9 10 11

Share this article

Facebook Twitter Pinterest LinkedIn Email

4 responses to “Best Places in Every State to Live On a Fixed Income”

  1. Robert Jones says:
    January 28, 2019 at 2:43 pm

    Nothing is said about Medical facilities which are of importance to the elderly.

    Reply
  2. William Horn says:
    January 28, 2019 at 4:03 pm

    I’d like to see an article about the best places for people with incomes under $1,000

    Reply
  3. Ray says:
    January 29, 2019 at 2:59 pm

    What is with the “Median” values? A community could have 10,000 homes sold for $200,000 and if one home went for $100, 000 and another for $1,000,000 the median would be $450,000. Median is the half way value and is only used to mislead. It is not an average.

    Reply
  4. Red Winzer says:
    January 29, 2019 at 7:01 pm

    If the financial situation is dire enough that it is life or death, I suppose that these places would be preferable to death. If that is not the deciding factor, I would rather be dead than live in most of these places.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work.

20 Great Part-Time Jobs For Retirees

Explore 20 great part-time jobs for retirees, from remote consulting to outdoor work, and learn…

Read More →

What It’s Really like to Retire in an RV

Consider Fuel Costs Most RVs run on diesel, which means with $2.937 a gallon, fuel…

Read More →
A retired couple looking out from a balcony during golden hour.

30 Dangerous Things to Your Retirement

Discover the 30 most dangerous threats to your retirement savings, including hidden tax traps, Medicare…

Read More →

12 of the Fanciest Retirement Home Communities and Their Rent Prices

Explore 12 of the fanciest luxury retirement communities in the U.S., including entrance fees, monthly…

Read More →

7 Social Security Scams You Need to Pay Attention to

Requiring your Social Security number If you receive a phone call and the caller claims…

Read More →

10 Most Important Retirement Age Milestones You Need to Consider

Age 59 1/2 When you turn 59 ½, you can say goodbye to the 10%…

Read More →

22 Part-Time Jobs If You’re Retired But Full of Life

Cruise Ship Team Member  A cruise ship can be like a floating city, with many…

Read More →

Retiring Soon? Here’s How To Find the Perfect Home in Retirement

Wide, sunlit hallways with smooth wooden floors and large windows ensure easy navigation in your…

Read More →

10 Simple Ways To Keep Your Joints Healthy

Exercising is one of the healthiest things to do if you want to lose that…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.