I found this article on the GOBankingRates website:
GoBankingRates created a list of the best and worst destinations for retirement when you have no savings. They analyzed the 100 largest cities in the U.S. with a large population of adults ages 65 and older. These cities were then ranked based on the following factors:
- Average 2023 home value and property tax, sourced from Zillow
- Whether the state taxes Social Security benefits, sourced from the AARP
- Annual homemaker services costs
- Annual home health aide costs
- Annual grocery costs
- Annual healthcare costs
- Annual utilities cost
- Annual transportation costs
- Annual necessity costs
After compiling all the data, the team named Foley, Alabama, the best place to retire for those with little to no savings. Joining Foley on the top 10 list is Mountain Home, Arkansas, in the second-place spot, followed by Hot Springs Village, Arkansas, in third,
The Villages, Florida, in fourth, and Bella Vista, Arkansas, at No. 5. Rounding out the top 10 is Pinehurst, North Carolina; Green Valley, Arizona; North Myrtle Beach, South Carolina; Fredericksburg, Texas; and Punta Gorda, Florida.
Best Places To Retire If You Have No Savings | GOBankingRates