Where are the best places to retire on a budget?
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For affordable retirement living, consider cities with low costs of living and few/no state income taxes like Tulsa, OK; Pittsburgh, PA; Knoxville, TN; or College Station, TX. Many retirees flock to sunny, tax-friendly states like Florida, Arizona, Nevada and New Mexico. International destinations like Portugal, Costa Rica, Mexico and Panama offer high quality of life for less. University towns provide ample amenities at lower prices. Or look into lower-cost suburbs near bigger cities you’re familiar with. The ideal retirement spot balances your budget with access to healthcare, amenities and communities aligning with your desired lifestyle.