Top 10 Cheapest Cities to Retire in The US

Top 10 Cheapest Cities to Retire in The US

November 28, 2019 100 By Stanley Isaacs


Hey welcome back to the world according
to Briggs, if this is your first time here I’d just like to say where you been?
We’ve been doing this for almost three years and you’re just showing up now
anyway ever since I did the worst places to retire I’ve been asked over and over
to do a best place to retire in the United States
some people consider the nicest place as the best place to retire and those are
normally the people that have a good amount of money saved up the rest of us
consider the least expensive place as the best place so we’ll be doing two
videos basically the first one will be the cheapest city to retire it’ll be the
cheapest yet decent place to live I’m not telling anyone to move to Skid Row
in Los Angeles or Hunts Point in New York that would be extremely cheap but
also incredibly dangerous we’re not doing that to people that would be wrong
I’d be filled with guilt thinking someone took my advice or my information
and moved one of these nasty places relatively safe and budget-friendly is
what we’re looking for like number 10 Lincoln Nebraska Nebraska is known for
being an extremely boring state Lincoln sort of breaks away from that stereotype
maybe not break away that sounds a little dramatic not as boring as the
rest of the state that’s probably more fitting you might be able to actually
have some fun and entertainment in Lincoln the capital city offers an
abundance of Attraction including 130 parks fine restaurants what they say is
an active nightlife maybe museums theaters they got all the
standard stuff that a big city would have the cost of living in Nebraska is
one of the lowest in the nation it’s actually like 6% lower than the national
average so that’s good Lincoln for being a bigger city by
Nebraska standards it’s not that high either if you’re retired military and
you retire in Nebraska you have two choices one you can exempt 40% of your
income from taxes for seven years or 15% for every year starting at age 65 till
you die the city is also a great place for aging residents when it comes to
health care they have 30 health care and social service facilities for every
thousand seniors that’s far better than the US average which is about 16 for
every thousand retirees number 9 Morgantown West Virginia you know I’ve
been making videos about the United States for a while now and I think this
may be the first time Morgantown West Virginia has made it onto a list and
it’s for something positive good news Morgantown Bravo the good news
for retirees is West Virginia University is in Morgantown and it offers a number
of benefits for older Morgantown residents if you’re age 65 and up they
have a program that cost $30 for an annual membership that gets you access
to interest groups trips social gatherings program classes local and
international historical events music computers and yoga classes and it’s on
the campus of a university so I imagine you could you know make a wrong turn and
find someplace that’ll give you free beer cost of living for retirees is
about 7% lower than the national average about 10% of the population is above 65
so you got a lot of friends to mingle with it also is about to get a lot
cheaper West Virginia tax on Social Security income is being phased out over
a three-year period in 2020 thirty five percent of your social security benefits
will be exempt from taxes state taxes that is the exemption will rise to 65
percent in 2021 and 100 percent in 2022 that’s good news number eight in
Columbus Ohio one of the only cities in Ohio that isn’t a punchline most of the
time is Columbus Ohio and it’s a great place to live retired unless you ate
cold winters here can get a little rough housing is very affordable the median
home price in Columbus the state capital by the way is just under a hundred and
sixty thousand dollars now it’s compared to the national median price is about
two hundred and twenty-nine thousand that’s according to Zillow for 2018-2019
isn’t complete yet so we don’t have those numbers it’s cheap it’s nice and
it’s got things to do it’s home to Ohio State University which always has some
sort of activities for students and residents especially retirees this
includes sporting events concerts and festivals it also has a thing called
program 60 which invites Ohio residents age 60 and older to take university
courses for free why don’t they have that when you’re 20 save you some
student loans that would be terrific off-campus their downtown is really nice
it’s got a nice mix of shops and restaurants and all that stuff I was
there probably around 2014 and watched a girl and really skimpy little dress step
off the curb coming out of a bar and slip in the mud and land flat on her
back where you hear that thud and you’re just like oh my god she’s dead she was
okay just in Barris and had a big thing of Mudd going up her back but still it
was you know scary at first now it’s hysterical though
anyway 65 and above that’s about 10% of the population in Columbus and the cost
of living for retirees here is almost 8 percent below the national average
that’s solid number 7 Des Moines Iowa Des Moines Iowa or how it’s known by
most of America the city that fund forgot is in the middle of America and
it’s a little bit of a slow type of life but if you want to take it easy and are
looking to live in a big city for a small budget Des Moines is a good choice
affordability is just one of the reason the state capital of Iowa is ranked 5th
out of a hundred large US metro areas for successful aging can you be
successful at aging I mean it just happens naturally it’s that success by
achieving it’s like being successful at gaining weight on the jelly donut diet
it just happens naturally I must be successful anyway Des Moines also boasts
a strong economy and plenty of health care facilities specializing in age
related services Social Security benefits are not taxed in Iowa that’s a
good thing now the share of the population that’s
65 and older is almost 12% so that’s a good amount of retirees and you know
senior citizens live in in Des Moines the cost living here is 9 point 4
percent lower than the national average that’s a good number
but if you’re retiree you move there you won’t lack things to do if you like it
calm there’s numerous museums art venues including outdoor sculpture park a zoo a
botanical garden there’s even a casino and racetrack and nearby Altoona you
can’t go wrong if zebra raises once a year no wagering on those keep that in
mind that’s just an exhibition number 6 Cheyenne Wyoming like most people that
have ever visited Wyoming I love it and if you’re an angry old man that let’s
say is alienated himself from everyone you know including family and now you
want to be a hermit Cheyenne Wyoming may be for you it has a population of five
hundred and eighty three thousand people that’s about six people per square mile
in comparison Los Angeles has about seven thousand people per square mile
six per square mile verse seven thousand New York’s even
worse so not that many people to bother you but if you wanted to live in a
western-style city saddle up old-timer and head to Cheyenne if you like trains
they have a lot of train things to do there always seems to be a rodeo in the
near future 15% of the residents in Cheyenne are over 65 so
that’s plus a lot of friends to hang out with unless you’re that old man that
doesn’t like people then you know you just stare at the old people as they
walk by and have a good time cost living for retirees is almost nine percent
below the national average Wyoming has no state income tax and Social Security
benefits aren’t taxed either so win-win number five Augusta Georgia if you’re
retired chances are you golf that’s just what retirees do they golf
if you’re one of those types of retirees you already know about Augusta Georgia
Augusta is home to the Masters Tournament and also the most successful
amateur golfer ever to compete in a national or international level founder
and designer of Augusta National Golf Club and co-founder of the Masters
Tournament Bobby Jones he was originally he was born in Atlanta but moved to
Augusta great golfer amazing I read one of his biographies some years back and
the guy was a total fricking Boy Scout when it came to the rules he once gave
himself a penalty in a major tournament because he was warming up got to close
the ball and just moved it a hair he saw it nobody else did and he demanded his
penalty they didn’t want to give it to him but he actually refused to play on
if they didn’t give him the penalty it was only fair they gave him the penalty
and he ended up losing the tournament by one stroke so the penalty cost him but
that’s the way he lived his life anyway back to Augusta with low cost living and
generous tax breaks for seniors Georgia ranks third among the best states for
retirement you can already enjoy running walking biking along Augusta and the
canals and kayaking the Savannah River they got it all Augusta University along
with a couple other schools it’s it’s a nice college town the university
supplies the region with quality health care including three hospitals and
numerous specialists focusing on oncology in geriatrics so win-win if
you’re retiree taxpayers 65 or older can exclude up to 65 thousand dollars of
their retirement income Social Security benefits are not taxed thirteen percent
of the population in Augusta is 65 or older the cost of living for retirees is
nine point five percent below the national average
nice place to live number four Green Bay Wisconsin if you can stand one of the
coldest winters in the country or maybe you’re like me and your little twisted
and just love the cold weather Green Bay is waiting for you and they have
the Packers so that’s a win-win for anyone the state’s tax situation isn’t
ideal but the low-cost living is amazing Green Bay is extremely affordable with
the well below average cost for retirees across all spending categories
it makes Green Bay seriously nice option housing for retirees is about 20% below
the national average meeting a home price in Green Bay is about a hundred
forty five thousand that’s compared to two hundred and twenty nine thousand for
the US and that’s according to Zillow Social Security benefits are not taxed
if you are a beer drinker good news so is everyone else in Green Bay
like they drink a lot of beer almost enough to make my cousin’s ex-wife an
option anyway twelve point three percent of the population of Green Bay is over
the age of 65 and like I said the cost living here for retirees is about ten
percent below the national average go Green Bay number three fort wayne
indiana the fort wayne metro area is very affordable and i’m not just talking
about housing and taxes things to do are very inexpensive in this city fort wayne
is loaded with quiet neighborhoods and also has a great art scene and hosts a
number of festivals and events throughout the year
including the family-friendly three rivers festival in the summer they have
three rivers that flow through the city that are pretty much the main feature of
the entire area canoeing kayaking and cruising are
always a thing in fort wayne in fort wayne has more than 80 parks and 100
miles of hiking and biking trails so there’s things to do you can get out and
put some mileage on that new hip they don’t tax social security in Indiana so
that’s a plus and they give veterans some tax breaks on retirement in Indiana
so again really good thirteen point five percent of the residents in Fort Wayne
are above the age of 65 65 or above I should say the cost living for retirees
is almost 12 percent below the national average that’s some savings number two
Fayetteville Arkansas Arkansas is on a positive list see miracles do happen but
we’re talking about the Fayetteville area which isn’t really like the rest of
Arkansas it’s almost a different state actually it’s almost two different
countries Fayetteville is a place of higher learning with the University of
Arkansas in the city and the rest of Arkansas doesn’t go for that reading
stuff the metro area of Fayetteville which includes Springdale Rogers and
vil offers low costs and plenty of tractions it’s really cheap to live here
you got the surrounding Ozark Mountains gives residents outdoor recreation and a
natural landscape which you could never go wrong with the downtown area is
really nice it’s a really nice college town like is that University Arkansas is
right here the Walton Art Center is something you’ll want to visit when you
move there if you visit there whatever you do this is a very safe city
as far as cities go I know you’re gonna there’s always someone that wants to say
no there’s crime now compared to other cities like Chicago New York Detroit
places Miami places like that Fayetteville is really really safe and
the residents take pride in their community it’s really neat now social
security again isn’t taxed in the state of Arkansas military retirement and
Railroad Retirement are fully exempt from taxes – that’s good eleven percent
of the residents are 65 or older in Fayetteville and the cost of living for
retirees is almost sixteen percent lower than the national average not bad and
number one Knoxville Tennessee this is another city I don’t think we’ve ever
talked about on any my videos Memphis Tennessee of course we have because the
place sucks and it’s dangerous I know we’ve talked about Nashville a couple
times and there’s strange amount of dudes with really big sideburns I still
don’t understand that anyway the volunteer state ranks best in the nation
for retirement on a budget but really it’s a good choice for retirees with any
size nest egg on top of its friendly tax status most of the state has a below
average cost of living for retired residents Knoxville is very affordable
for retirees and if you compared to Nashville where the cost of living for
retired folks is about the national average it’s well below that in
Knoxville anyway housing cost for retirees in Knoxville
are the biggest factor in bringing down costs at nearly 30 percent below the
national average the median home price is about $170,000 verse two hundred and
sixty two thousand in Nashville and of course like we talked about before two
hundred twenty nine thousand for the rest of the country the average
Knoxville has more than enough things to keep you busy in retirement or even if
you’re not retirement when it comes to taxes they don’t tax your Social
Security like other states and they have a buttload of tax programs for seniors
veterans and especially disabled veterans almost 14 percent of the reson
in Knoxville our 65 or older and the cost living for retirees is almost 18
percent below the national average Knoxville is probably the best choice
for just about anyone looking to retire all right so that’s my top 10 cheapest
place to retire for 2020 so it’s 2019 right now but 2020 you get the idea hope
you guys got some more information I hope this helps someone you know take
what I give you here you know I’m just brushing over everything and do your
research hopefully this will give you what you
need to you know find what you need to do anyway don’t forget all the links
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me what you thought everybody have a great day be nice to each other