December 2, 2022
  • December 2, 2022

The best cities with great weather to retire on $2,000 a month

By on July 26, 2022 0
  • Total monthly expenses: $1,651.03
  • Habitability score: 75

Des Moines has the lowest rent on this list, as a one-bedroom apartment in this city costs $760.40. Retirees looking for a slightly cooler climate might consider this city, as the average high temperature is 61 and the average low is 41. Des Moines also has monthly healthcare costs above an average of 495, $27 per month.

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Methodology: To find the best cities with good weather to retire on a monthly budget of $2,000 or less, GOBankingRates first used data from ApartmentList to find (1) the average 2022 rent in cities less than $1,000. GOBankingRates then used Sperling’s Best to find the cost of living index for each selected city, looking at (2) grocery and (3) healthcare index scores. Next, GOBankingRates used data from the Bureau of Labor Statistics 2020 Consumer Expenditure Survey to find the amount of annual expenses for groceries (“food at home”) and healthcare costs for seniors of 65 and older to determine how much a person 65 and older would spend monthly on groceries and health care in each city. GOBankingRates then added monthly housing, grocery and healthcare costs to determine where someone 65 and older could survive on $2,000 or less. For a city to qualify for the study, its population (4) had to be 10% or more over the age of 65, according to the Census Bureau’s 2020 American Community Survey; (5) must have a habitability score of 75 or higher, from AreaVibes; and (6) have average temperate weather conditions, as provided by the National Oceanic and Atmospheric Administration. All data was collected and updated as of June 29, 2022.