You may know friends or family who have moved to countries like Mexico, Portugal, or Costa Rica to live more frugally after they retire.
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If you’re looking to stay in the United States for retirement, you may want to look at places other than Florida to find affordable options. Since location also matters, one place to look at might be Youngstown, Ohio. It’s close to Pittsburgh and Cleveland, marks the midpoint between New York and Chicago, and ranks as the most affordable place to retire, according to US News & World Report.
US News compared the 150 largest metro areas in the US as possible places to retire. Those that make the list of the most affordable places to retire have the most affordable housing and scored highly on the US News Best Places to Retire list. Here’s a look at the five most affordable places to retire.
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Youngstown, Ohio
Youngstown tops the list with very affordable housing options for retirees. The median home price here is $137,546 and you can rent an apartment for an average of $706 per month.
Hickory, North Carolina
According to US News, in Hickory, “The low cost of housing helps retirees live well on modest incomes.” The median home price is $219,950 and renters pay an average of $743 per month.
Springfield, Missouri
Springfield can be a good choice for retirement for several reasons. First, the cost of living, including daily expenses, is much lower than in other parts of the country. There is also a lively town center and plenty of outdoor activities.
Brownsville, Texas
Brownsville is much more affordable than Austin or Houston if you want to retire to Texas. It also has a comfortable climate and cultural influences from nearby Mexico.
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Huntington, West Virginia and Ashland, Kentucky-Ohio
The metro area that includes Huntington and Ashland, Kentucky, is located along the Ohio River. Here you will find low housing costs and an affordable cost of living. You can own a home for an average price of $165,496.
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This article originally appeared on GOBankingRates.com: 5 places in America to retire that are as cheap as Mexico, Portugal and Costa Rica
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