If you’re looking for the best places to retire on a fixed income, you will find many cheap places to live in the U.S. To find thecheapest places to retire, GOBankingRates studied three cost-of-living indexes from Numbeo, an independent, data-driven website that tracks cost of living.
We then used Bureau of Labor Statistics data on average consumer expenditures for Americans aged 65 and older — along with the BLS average cost-of-living, rent and grocery indexes — to further zero in on cheap places for retirees. In our analysis, we looked at large cities and estimated what seniors can expect to pay on average.