7 Safest Places To Retire in the U.S. for Under $2,000 a Month
To find the safest places to retire for $2,000 or less each month, GOBankingRates surveyed 1,002 Americans aged 18 and older from across the country. Respondents shared income, expenditures, and information about job security. The results show that retirees can still live a comfortable life even with a budget of $2,000 or less in certain cities.
This study provides valuable insights for anyone looking to retire on a budget, as it highlights cities and towns that offer a good quality of life while also being affordable. It is notable that six of the seven cities listed are suburbs of bigger metropolitan areas, with three being different suburbs of Cleveland.
From the highest to lowest amounts of monthly expenditures, here are some of the safest and cheapest cities to retire.
Parma Heights, Ohio
Parma Heights is a city in Cuyahoga County, Ohio. The city’s population was 20,863 as of the 2020 census. A suburb of Cleveland, it is a part of the Cleveland metropolitan area.
- Monthly expenditures: $1,832.95
- 2022 one-bedroom rent: $905.78
- Livability: 76
- Monthly healthcare cost: $502.95
- Monthly grocery cost: $424.23
Farmington, Michigan
Farmington is a city in Oakland County. A northwestern suburb of Detroit, Farmington is located roughly 20 miles from downtown Detroit. As of the 2020 census, the city had a population of 11,594.
- Monthly expenditures: $1,794.60
- 2022 one-bedroom rent: $1,001.22
- Livability: 94
- Monthly healthcare cost: $363.01
- Monthly grocery cost: $430.36
Willoughby Hills, Ohio
Willoughby Hills is a city in Lake County, Ohio, that is a suburb of Cleveland along the Chagrin River. The population was 10,019 at the 2020 census.
- Monthly expenditures: $1,784.75
- 2022 one-bedroom rent: $974.11
- Livability: 74
- Monthly healthcare cost: $380.28
- Monthly grocery cost: $430.36
North Royalton, Ohio
North Royalton is a city in Cuyahoga County, Ohio, and is yet another suburb of Cleveland. The population was 31,322 as of the 2020 Census.
- Monthly expenditures: $1,780.38
- 2022 one-bedroom rent: $962
- Livability: 67
- Monthly healthcare cost: $376.19
- Monthly grocery cost: $442.19
College Station, Texas
College Station is a city in eastern Texas. It’s home to the main campus of Texas A&M University, and had a population of 120,019 as of 2021.
- Monthly expenditures: $1,726.84
- 2022 one-bedroom rent: $844.67
- Livability: 79
- Monthly healthcare cost: $457.51
- Monthly grocery cost: $424.66
Clute, Texas
Clute is a city in Brazoria County, Texas, within the Houston metropolitan area. As of the 2020 census, the city population was 10,604.
- Monthly expenditures: $1,688.09
- 2022 one-bedroom rent: $847.11
- Livability: 72
- Monthly healthcare cost: $420.26
- Monthly grocery cost: $420.72
Bellevue, Nebraska
Bellevue is a suburban city in Sarpy County, Nebraska that is part of the Omaha-Council Bluffs metropolitan area, and had a population of 64,176 as of the 2020 census
- Monthly expenditures: $1,687.19
- 2022 one-bedroom rent: $886.11
- Livability: 84
- Monthly healthcare cost: $376.19
- Monthly grocery cost: $424.23
SEE ALSO:
• 2024’s 10 Best Places in the World to Retire
• One State Sweeps Top 5 in U.S. News 2024 ‘Best Places to Retire’ Rankings
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
