Living on a fixed income can be a challenge for most retirees.
Data shows that the average 65-year-old in the U.S. can expect to live for another 20 years and one in three people above the age of 65 are likely to live to the age of 90.
Fortunately, there are a number of places in the country where you can live comfortably on a modest income.
Here are eight cities where you can retire on a monthly income of $2,200.
Huntsville, Alabama
The average monthly expenditure for the residents in Huntsville is $1,703. You can rent an average sized apartment of 938 sq. ft. in the city for $1,146 per month.
The median home price in the city is $223,500. Grocery prices in Huntsville are 3% lower than the national average.
McAllen, Texas
The average monthly expenditure in McAllen is $1,812. The average size of an apartment in the city is 915 square feet and costs $918 per month.
The median home price in the city is $165,400. Groceries will cost you $382 a month on average, which is substantially lower than the national average of $415.
North Royalton, Ohio
The average monthly expenditure in North Royalton is $1,715. The average size of an apartment in the city is 866 sq. ft. and costs $1,171 per month.
The median home price in the city is $266,300. Grocery costs are relatively low at $376 and healthcare expenses are also considerably cheap at $378.
Little Rock, Arkansas
The average monthly expenditure in Little Rock is $1,822. The average size of an apartment in the city is 888 sq. ft. with a rental cost of $971 per month.
The median home price in the city is $163,100. Healthcare costs in Little Rock are comparatively cheap at $372.
Scranton, Pennsylvania
The average monthly expenditure in Scranton is $2,015. The average size of an apartment in the city is 832 sq. ft., which you can rent at $1,120 per month.
The median home price in the city is $121,700. Scranton has a thriving retired community with about 20% of the residents above the age of 65. Monthly grocery bill is slightly higher at $398 on average.
Des Moines, Iowa
The average monthly expenditure in Des Moines is $2,029. You can rent a one-bedroom apartment here at an average cost of $1,138 per month.
Healthcare costs on average are $495, which are fairly high for retirees. The city has 14% of its population above the age of 65, and ranks high on the livability index.
Milwaukee, Wisconsin
The average monthly expenditure in Milwaukee is $2,061. Renting an average-sized apartment in the city is somewhat expensive at $1,231 per month.
But healthcare costs at $390 and grocery costs at $383 are relatively more affordable.
Omaha, Nebraska
The average monthly expenditure in Omaha is $2,126. The average size of an apartment in the city is 917 sq. ft., which will cost $1,101 per month.
The median home price in the city is $239,900. While its healthcare costs are steep at $562, the city ranks high on the livability index for retirees.
