The 5 Best States to Retire with a Low Cost of Living
Retirement is the time of your life when you leave the workforce and just enjoy the time with your family and loved ones. But retirement also means living off a limited income stream, from your retirement funds. One of the major concerns is finding an affordable place to live in, or better yet, moving to a state with a low cost of living.
According to the recent 2022 Bankrate Analysis report 1, Michigan ranks as the most affordable state to retire in. Michigan has a low cost of living and less tax rates. Read on to know the 10 best states to retire in that are analyzed according to housing costs, cost of living, utility cost, and healthcare. In this post, you’ll also find apartment suggestions for less than $350 a month.