GITNUX MARKETDATA REPORT 2024
Statistics About The Least Expensive States To Retire
The statistics about the least expensive states to retire will provide insights into cost-of-living, affordability, and quality of life for retirees in different regions of the United States.
In this post, we explore the least expensive states for retirees based on various expenditure and cost of living statistics. From Mississippi taking the top spot to Indiana rounding off the top 10, we delve into the numbers that make these states attractive options for those looking to retire on a budget.
Statistic 1
"Mississippi is the least expensive state to retire, with a total annual expenditure of $53,078."
Statistic 2
"Tennessee holds second position in affordability with a total annual expenditure of $54,109 for retirees."
Statistic 3
"Alabama is the third least expensive state, costing retirees an average of $54,128 annually."
Statistic 4
"Oklahoma, as the fourth most inexpensive state, requires retirees to spend around $54,590 annually."
Statistic 5
"Arkansas comes fifth in the list with an annual expenditure of $55,749 for retirees."
Statistic 6
"The sixth least expensive state for retirees is Georgia, requiring an annual expenditure of $56,477."
Statistic 7
"Michigan, ranking seventh, requires retirees to spend around $56,811 per year."
Statistic 8
"Missouri, as the eighth least expensive state, requires an annual expenditure of $56,867 for retirees."
Statistic 9
"Texas has the ninth lowest cost, with retirees needing an annual expenditure of $57,051."
Statistic 10
"Indiana wraps up the top 10 least expensive states with an annual expenditure of $57,495 for retirees."
Statistic 11
"The median home cost in Tennessee is $164,500, significantly lower than the national average."
Statistic 12
"The cost of retirement homes in Oklahoma is lower by 32% compared to the national average."
Statistic 13
"The average cost of living in Georgia is 93.4% of the national average, making it more affordable for retirees."
Statistic 14
"Michigan has the 11th lowest property tax rate in the USA, keeping living costs for retirees relatively low."
Statistic 15
"The median home cost in Texas is $195,000, which is below the national average."
Statistic 16
"Indiana's cost of living is 12% below the national average, making it a more feasible choice for retirees."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
