4 Relaxing Small Towns Where Retirees Can Live Cheaply

There are many constants in life, but none are more consistent than the steady rise of inflation and the cost of living.

If you can retiree on less than $1,800 monthly, here are four small towns that you should consider for retirement.

Odessa, Texas

Odessa, Texas, is a city of 120,000 people located in the western part of the state, near the southeastern corner border with New Mexico. 

Odessa, Texas, is famous for having one of the small-town football teams that inspired the book, film, and TV series “Friday Night Lights.”

The city is also a hub for big oil refinery. 

A studio apartment in Odessa will set you back $900.

Casper, Wyoming

Casper, Wyoming, is a small town located in the center of the state now for its big skies.

Casper has a population of about 60,000 people and is located about 180 miles northwest of the state capital, Cheyenne, in the southeastern corner of the state.

The city has historical ties to the pioneer trails of the 1800s. The town is very receptive to retirees and state residents do not pay taxes on Social Security income with retirement plan income is only partly taxed. 

You can get a studio apartment for $600, a one-bedroom for $700, or a two-bedroom for $830.

Lake Charles, Louisiana

Lake Charles, Louisiana, is a small town of just under 80,000 people and is located in the southwestern corner of the state. Lake Charles is almost a 125-mile straight drive west of the capital, Baton Rouge.

The city has lots of things to do for retirees, including live music, outdoor fun, wildlife experiences, and historically-based activities. 

The average rent for a studio apartment is $670, a one-bedroom for $700, and a two-bedroom apartment for $900.

Minot, North Dakota

Minot, North Dakota, is a small town of fewer than 50,000 people located in the center of the northernmost section of the state.

The city has a rich military and aviation-based history. The town center also has a heritage park dedicated to honoring the history of the city’s Scandanavian settlers. It’s a very small city with a lot of cultural heart.

A one-bedroom apartment in Minot, North Dakota, is $650, a one-bedroom apartment costs $730, and a two-bedroom apartment costs less than $1,000.