US News and World Report’s most affordable places to retire in 2024

Last September, the cheapest U.S. housing market offered homes at $229,000, while the priciest market asked $787,000. That’s why retirees looking to move somewhere more affordable can rest assured there are communities that likely offer homes for less than their area — much less.

Of course, choosing an affordable place to retire is about much more than home prices. Some will choose to rent rather than buy. There is also the matter of local income tax laws and the general cost of living for a community. That’s why U.S. News and World Report has ranked the best places to retire in 2024 based only on their affordability.

Here are the top four.

Youngstown, Ohio

Youngstown, Ohio, is the most affordable. Homes average $137,546, while rentals have mean monthly costs of $706.

Youngstown ranked ninth overall as one of the best places to retire, making it a perfect choice for retirees living on a tight budget.

Hickory, North Carolina

Ranked second, Hickory, North Carolina, boasts a median home price of $219,950 and an average monthly rent of $743. It’s the 36th best place to retire, overall, according to U.S. News and World Report.

Hickory is full of local artistry, including major influences from nearby Asheville.

Springfield, Missouri

Known as the “Queen City of the Ozarks,” Springfield, Missouri, is the birthplace of Route 66 and offers a bevy of opportunities to enjoy fine dining,...