31 Cheapest U.S. Cities for Early Retirement

A low cost of living and economic stability make these places to live attractive to early retirees who might want to pursue a second act during retirement.

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For some, early retirement is a dream -- and, ultimately, a choice. Followers of the FIRE movement -- Financial Independence, Retire Early -- are super-savers who track their money, invest in low-cost funds, avoid high-interest debt and focus their spending on what’s important to them.

For others, early retirement can be forced upon them suddenly—sometimes years ahead of their target date. According to a 2018 survey by the Employee Benefit Research Institute, nearly one-third of workers predict they will remain in the workforce until age 70 or older, and only 10% expect to retire before 60. But in reality, only 7% of retirees surveyed stayed on the job until at least 70, and more than one-third had quit working before age 60. Many end up retiring early because of a job loss, a health problem or caregiving responsibilities.


The list is ordered alphabetically by state. See "How We Picked the Best Places for Early Retirement" at the end of the list for details on our data sources and methodology.

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