#3 Alabama

Despite having the same annual expenditures as Oklahoma (which comes down to $41,822), Alabama comes in third and not fourth because their housing is more affordable. Truth be told, a lot of retirees have their eyes on the south for their golden years, and this may just be the sign you are looking for to start taking it into consideration.

With an estimated yearly housing cost of only $6,950, Alabama is calling all retirees who love the south and would love to have a place close to the sea! Is this enough to change your mind, or are you looking for something even better when it comes to your budget?