This Is the No. 1 Reasonably priced Retirement Metropolis within the U.S.

• Akron, Ohio, is the No. 1 most inexpensive place to retire within the nation, based on GoBankingRates.
• The corporate estimates {that a} retiree would want slightly below $1,700 a month to dwell within the metropolis the place virtually 16 % of the inhabitants is aged 65 and over.
• Albuquerque, New Mexico, and Spokane, Washington, spherical out the highest three least expensive retirement cities.

For a lot of, retirement means relocating to a brand new metropolis to make their greenback stretch. And GoBankingRates has an concept of the place it’s best to go within the U.S. to just do that.

In March, the web site launched its checklist of the 50 least expensive locations to retire throughout the U.S. It analyzed the 100 greatest cities within the U.S. with a inhabitants of no less than 150,000 and no less than 10 % of residents aged 65 and over. For every vacation spot, it additionally thought-about components just like the variety of households, median revenue, and the price of residing.

And the winner was Akron, Ohio, which got here up as probably the most inexpensive retirement vacation spot.

GoBankingRates studies {that a} retiree can count on to spend slightly below $1,700 a month. Moreover, the city has a pretty big group of seniors, with 15.7 % of its inhabitants aged 65 and older. The corporate additionally famous that town’s livability rating is a wholesome 81. That quantity is sourced from AreaVibes, which gave Akron a excessive rating as a consequence of its variety of espresso retailers and eating places, entry to parks and retail shops, simple commutes, and low value of residing.

Previously couple of years, the Midwest has emerged as a well-liked retirement vacation spot, with a number of Ohio cities like Akron, Toledo, and Youngstown main the pack.

With 188,000 full-time residents, Akron gives a great mixture of city facilities like hospitals, recreation facilities, eating places, museums, and parks with out being hectic. The town can be simply eight miles away from Ohio’s solely nationwide park, Cuyahoga Valley. Akron additionally has a number of the most inexpensive actual property within the nation—Zillow studies that the median house worth is $132,233.

Coming in second on GoBankingRates’ report is Albuquerque, New Mexico, with a livability rating of 71 and estimated month-to-month bills of $1,710. It is adopted by Spokane, Washington, with a livability rating of 81; Cleveland, Ohio, with a livability rating of 72; and Toledo, Ohio, rounding out the highest 5 with a livability rating of 66.

See the total report and the entire prime 50 areas at gobankingrates.com.