There’s good news if you’re anticipating being on a budget during your retirement years. An in-house study from GOBankingRates has identified 25 Midwest cities as the most affordable for retiring on $3,000 or less monthly. From this list, we pulled the 10 cheapest Midwestern cities for retirement where the average monthly cost of living is under $2,650 — and that’s before Social Security benefits kick in.
Sturgis, South Dakota
- Livability score: 79
- Average monthly mortgage: $612
- Average monthly cost of living (not including housing): $1,943
- Average monthly cost of living for homeowner before Social Security: $2,555