1. Mississippi
Total cost of living for one year: $31,039
What better place to retire than in Mississippi, with its wide open spaces, rich foliage, and gorgeous white beaches? Mississippi also has the lowest total retirement spending in the country and the nation’s lowest cost of living, making it the most economical state in which to retire. Furthermore, this place is amazing for those who enjoy warm weather because the climate here is temperate, with mild winters and not so hot summers.
In Hawaii, the most expensive state, $1 million would barely last ten years, whereas in Mississippi, it would last more than twice as long. Are you still in doubt? Well, if you’re into cultural events, then you must know that life here is very laid-back and people are very peaceful and sociable, so if you need to connect or make new friends, this might be your place! There are many nice live music events throughout the year, ranging from jazz to gospel. Cool, right?
