7. Michigan

Total cost of living for one year: $32,724

While a ton of other retirees want to move to warmer places (especially Florida), others may prefer colder destinations too. Those few people who appreciate all the seasons, a chill atmosphere, and a small town should definitely consider Michigan, a city that easily follows right behind Florida among the best places to retire in 2023.

The state, like much of the Midwest, has a low cost of living. Retirement income will stretch further, allowing retirees to easily purchase homes, cover medical expenses, and yet have money to enjoy their lives. Retirees can enjoy a variety of recreational opportunities in Michigan. With such a low cost of living and so many senior-friendly opportunities, your $1 million will last a while for sure!