Top 25 Affordable U.S. Cities for Retirees Living on Social Security
Discover why Florida cities like Tallahassee and Fort Myers are ranked top affordable retirement spots in 2025, with costs under $2000/month.
Top 25 Affordable U.S. Cities for Retirees Living on Social Security
As Floridians approach their golden years, the enticing prospect of retirement living becomes an essential topic of discussion. A recent report from Forbes has shed light on financially manageable cities, highlighting locations that allow retirees to thrive on their Social Security checks. We’re talking about places where you can live well on under $2,000 a month—a game-changer for many.
The average Social Security payment hovers around the $2,000 mark, which isn’t enough for comfortable living in many U.S. cities. Forbes reports that among the 25 cities assessed, Tallahassee, Florida, shines bright as the top contender, boasting a monthly cost of living averaging $995 for renters and $1,248 for homeowners. Impressively, about 11% of Tallahassee’s residents are of retirement age, contributing to a vibrant community atmosphere.
The Sunshine State’s Retirement Hotspots
Florida stands out in the report, with eight cities making it into the top 25. This includes Fort Myers, ranked second, where retirees face an average monthly cost of $1,746 for homeowners and $1,468 for renters, coupled with a livability score of 85 and a retiree population of 22%. Then there’s Jacksonville, taking fourth place with a livability score of 84 and lower monthly costs of $1,197 for homeowners and $1,073 for renters.
Pensacola rounds out the top five, where living costs hover around $929 for homeowners. This city offers a particularly eye-catching pricing for renters, at around $1,136 monthly. The benefits don’t stop there—Florida’s lack of a state income tax combined with its balmy climate makes it a haven for those in search of affordable retirement options. Orlando, Daytona Beach, Tampa, and Lakeland also round out the Florida selections in the report.
Further adding to the discussion, an article from Best Life lists additional affordable cities that underscore the fact that climate and cost of living are paramount for retirees. Orlando offers 236 sunny days a year, while Tampa enjoys 244. These warm temperatures make daily living comfortable, further enhancing the Florida appeal.
Other Notable Mentions
Outside Florida, Texas is home to five cities in the top 25, including El Paso and Dallas, which are also known for their favorable living situations. The Carolinas and Georgia are not far behind, boasting popular picks like Raleigh and Savannah. Contrast this with the three Northern cities in the mix: Providence in Rhode Island, Milwaukee, and New Haven, Connecticut—shows that retirees are leaning towards warmer climates, if possible.
Additionally, Kiplinger highlights how essential cost of living is for those on a steady income; over half of retirees relocating cite the need for cheaper living as their primary reason. Here’s a focus on the practical necessities—safety, healthcare availability, and overall well-being factor heavily into the decision-making process for retirement.
Tallahassee, for example, not only boasts a low cost of living but also a vibrant community that fosters an active retirement lifestyle. With recreational facilities and access to healthcare, it’s clear that affordability aligns with quality of life.
This selection of cities offers a treasure trove of options for retirees looking to stretch their dollar without compromising on comfort or leisure. If you’re mulling over retirement plans, it’s clear—Florida, with its sunny disposition and favorable living conditions, deserves a spot at the top of your list.