Slide Show | Originally Published February 2016

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23 Cheap Places Where You Will Actually Want to Retire

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You've probably been dreaming about retirement since the day you started working. But will your budget allow you to make those dreams a reality? It has a better chance if you pick an affordable retirement destination.

To identify some of the cheapest places in the U.S. where you will actually want to retire, we started by selecting a great place to retire in each state. We based our analysis on factors critical to retirees including lifestyle, safety, taxes, quality of health care and, of course, cost of living. Then, from that list of 50 picks we weeded out the places that, while otherwise promising, sport living costs for retirees that are above the national average. We were left with 23 appealing places that are particularly cheap for retirement. See for yourself if any of these destinations could be where you live out your dreams.

Estimates of living costs for retirees, where available, come from the Council for Community and Economic Research. Populations and median home values are from the U.S. Census Bureau. Estimates of states' average lifetime health care costs during retirement for couples retiring at 65 are from HealthView Services. Tax rankings are based on Kiplinger's Retiree Tax Map, which divides states into five categories: Most Tax-Friendly, Tax-Friendly, Mixed, Not Tax-Friendly and Least Tax-Friendly. Crime statistics are from the FBI. Retirement destinations are listed in alphabetical order by state.

23 Cheap Places Where You Will Actually Want to Retire

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