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

Alabama: Decatur

Many seniors in Alabama will tell you that living here on a fixed income isn’t too difficult. It’s the reason why so many chose this as their retirement destination, so that their savings can last for as long as possible.

The reason why Decatur is on the list is due to its housing market, which has not seen any major fluctuations. In fact, home values have only gone up by 5% recently, meaning that moving here is a risk free decision for most seniors. Rent values have gone down as well, meaning that if you chose not to buy a house, you could save even more money.

Ultimately, however, your nest egg could cost you as little as $116,900 here, which is a steal for most retirees!

Alaska: Palmer

Alaska seems to tick many boxes for seniors who are interested in relocating during retirement. Those who like being surrounded by nature, prefer colder climates and want to avoid income tax don’t need to look any further than Palmer, an ideal and affordable city with 5,937 residents.

The median home value is slightly more expensive than other cities on our list, landing in at $252,400. That’s because real estate has gone up by 2% in recent years. Still, there is no doubt that you’ll be able to save money overall by moving here if you’re clever with your budgeting and finances, meaning that while you’ll pay more for a home, you’ll be able to stretch your income further in other avenues.

Alternatively, you could opt for renting, which is an option not many seniors take into consideration. However, the 9% decrease in median rent should make you think twice.

Arizona: Sierra Vista

Arizona, other than offering retirees affordable living with stunning backdrops, is also a state in which you don’t have to pay taxes on your Social security or your estate.

A great place to settle down is Sierra Vista, particularly because home values have barely seen an increase in price of 1% over the last couple of years. Considering the fact that in the rest of the state these values have risen by 7%, it’s clear that Sierra Vista is in a league of its own.

Add to that the fact that it serves as the main recreational, cultural, and commercial hub of Cochise County and you’ve got yourself a perfect place to retire.

Arkansas: Little Rock

We bet you never thought you’d find a capital city on this list, right? But it’s true, you can live comfortably in Little Rock, especially due to the low cost of rent here, meaning that you can focus the rest of your retirement income on utilities, recreation and other costs that come with retirement.

The median rent in Little Rock is $1,003, making it one of the least expensive picks on our list. However, if you would rather buy a house, you’re also in luck since home values have only increased by 3% in recent years. This means that seniors don’t have to take big risky moves when they settle down here.

California: Hanford

The state of California is notorious for having a very high cost of living across the board. Buying a home or renting here could end up costing you a pretty penny, but it’s not impossible to settle down and live comfortably- you just need to find the right place.

The median home value in California is $535,100. In Hanford, however, that number goes down significantly to $191,200. If you wish to settle down here you should do it sooner rather than later, as home values have increased by 7.5% lately, and you’ll want to find yourself a cheap, cosy home before it’s too late!

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

  • 20 Top-Rated Neighborhoods for Retirees in 2026
  • Best Places to Retire in the USA in 2026 (Affordable, Safe & Tax-Friendly Picks)
  • 6 Important Changes to Social Security Benefits in 2026
  • How To Pay Your Taxes With Your Credit Card in 2022
  • 8 Ways To Avoid Retirement Poverty
  • 13 States Where Your Freedom Is Respected
  • 18 Places Where Social Security Is More Than Enough
  • 7 Ways To Budget Your Groceries in Retirement
  • 14 Retirement Cities With Awful Weather
  • 11 States With the Best/Worst Social Security Checks in 2022

Newsletter

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

Related Articles

15 Best Deals for Seniors Only at Costco Stores

Eyeglasses Every retailer has deals on eyeglasses or contacts, but it’s difficult to top Costco’s…

Read More →

10 Things You Can Use Your Health Savings Account For

If you have a qualified high-deductible health insurance plan, you can open a health savings…

Read More →

13 Truths About Retirement No One Wants To Talk About

Your golden years may come with some unexpected issues if you haven’t managed to plan…

Read More →

What It’s Really like to Retire in an RV

Choose Your RV Wisely If you decide you want to purchase an RV, the first…

Read More →

10 Secrets about Retirement Your Government Doesn’t Want You To Know

Start saving, keep saving, and never give up – If you’ve already started saving (for anything)…

Read More →

30 Dangerous Things to Your Retirement

1. Your Retirement Money Being Drawn Off by Your Grown Children Most parents want their…

Read More →

Do You Want to Retire Early? Then These 10 Jobs Are the Way to Go!

Managers in Education and Related Fields According to a recent survey, only 26.1% of people…

Read More →

13 Overlooked Locations for Retirement in the U.S.

1. Sequim, Washington In a secluded area in the Pacific Northwest lies Sequim (pronounced “skiwim”),…

Read More →

24 Cities Where Your Social Security Can Pay the Rent

Augusta, Georgia Average monthly rent in 2019: $923 You’ll find more than picture-worthy backdrops in…

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.