You are using an older browser version. Please use a supported version for the best MSN experience.

The cheapest places where you will want to retire

Kiplinger Logo By Stacy Rapacon of Kiplinger | Slide 1 of 11: Choosing a retirement destination with a low cost of living can really help stretch a fixed income. But the place you select should offer more than just affordability. Safety, livability and economic stability are equally important qualities to retirees.Using data on more than 200 metropolitan areas across the U.S., we identified the places with the cheapest living costs specifically for retirees. We placed particular emphasis on reasonable price tags for the two biggest retirement budget-busters, health care and housing, and we also looked at states' tax burdens on retirees. Plus, in case you find that you want or need to go back to work to earn extra income, we sought out economically healthy areas with relatively low poverty. We favored areas with large populations of adults over 65, and because safety is paramount we weeded out cities with above-average crime rates.After narrowing the field to 32 finalists, we selected the 10 affordable cities that, as a group, offer retirees diverse choices in terms of size, climate, geography and lifestyle. See which locale best suits your retirement plans.

A low cost of living can help stretch a fixed income

Choosing a retirement destination with a low cost of living can really help stretch a fixed income. But the place you select should offer more than just affordability. Safety, livability and economic stability are equally important qualities to retirees.

Using data on more than 200 metropolitan areas across the U.S., we identified the places with the cheapest living costs specifically for retirees. We placed particular emphasis on reasonable price tags for the two biggest retirement budget-busters, health care and housing, and we also looked at states' tax burdens on retirees. Plus, in case you find that you want or need to go back to work to earn extra income, we sought out economically healthy areas with relatively low poverty. We favored areas with large populations of adults over 65, and because safety is paramount we weeded out cities with above-average crime rates.

After narrowing the field to 32 finalists, we selected the 10 affordable cities that, as a group, offer retirees diverse choices in terms of size, climate, geography and lifestyle. Click ahead to see which locale best suits your retirement plans.

© Thinkstock

More from Kiplinger

AdChoices
image beaconimage beaconimage beacon