Best Places to Retire for Under $1,500 a Month in the U.S. and Abroad

Many Americans are rethinking retirement as living costs rise.


Rent, healthcare, and everyday expenses continue to climb, but it’s still possible to retire comfortably for less than $1,500 per month, if you choose the right location.

Several cities in the U.S. and abroad offer affordable living, good healthcare, and a peaceful lifestyle for retirees on a fixed income.

 

Top Affordable Cities in the U.S.

Here are some U.S. cities where you can live well on a small retirement budget:

  • Mesquite, Nevada – Average rent around $950, plus no state income tax, makes it ideal for warm, low-cost living.

  • Toledo, Ohio20% below the national cost of living average with affordable healthcare and housing.

  • Erie, Pennsylvania – Offers lake views, a low cost of living, and a quiet pace of life.

  • Fort Wayne, Indiana – Known for community feel and affordable rent for retirees.

  • Lawton, Oklahoma – One of the cheapest U.S. cities for retirees, with low costs for rent, food, and utilities.

These small cities focus on community and simplicity, two key ingredients for a peaceful retirement.

Read: Effortless Ways to Make More Money, Spend Less and Get Ahead

 

Affordable Retirement Destinations Abroad

Retiring overseas can stretch your money even further. Listed below are international options where living well costs less:

  • Alicante, Spain – Apartments from $700/month, top-rated healthcare, and warm Mediterranean weather.

  • Chiang Mai, Thailand – Very affordable, with great medical facilities and a strong expat community.

  • Medellín, Colombia – Offers mild weather, modern services, and a friendly atmosphere at low cost.

If you could use a little extra help, see what benefits you can claim here.

 

Smart Tips for a $1,500 Monthly Retirement

To make the most of your retirement income:

  • Pay off major debts before you retire

  • Choose cities with low rent and strong healthcare access

  • Consider part-time or remote work

  • Keep an emergency fund for unexpected costs

Retirement doesn’t have to mean luxury, it means living well within your means.

With the right planning and location, living on $1,500 a month is realistic and rewarding, whether you stay in the U.S. or move abroad.

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