5 Under-the-Radar Towns for a Comfortable Retirement on $2,500 a Month

Many people approaching retirement worry about whether their savings will last.

Recent survey findings from Goldman Sachs Asset Management show that a majority of workers are concerned about outliving their retirement funds, and a growing share have also cut back on retirement saving. That makes it even more important to look at places where monthly expenses can go further.

MoneyLion asked real estate professionals to identify destinations that can help retirees keep living costs in check. The result: five overlooked towns where a person could retire comfortably on $2,500 a month.

1. Akron, Ohio

Rob Warnock, lead economic researcher at Apartment List, says Akron’s cost of living sits more than 15% below the national average. He also points to access to Cleveland Clinic Akron General, nearby parks and better-than-expected walkability for a city of its size. For retirees who want established city conveniences and do not mind cold winters, Akron stands out as a strong option.

Akron is a good fit for people hoping to make their retirement income stretch. The city has about 188,000 full-time residents and is only eight miles from Cuyahoga Valley, Ohio’s sole national park. It is often overlooked because many retirees do not consider moving farther north, but its relatively affordable housing can make it attractive.

2. Decatur, Illinois

Ben Mizes, a real estate agent and president of Clever Offers, says Decatur is a strong choice for retirees who want housing costs low enough to leave room in the budget for medical bills, travel and other unexpected expenses. U.S. News ranked Decatur as the most affordable place to live for 2025-2026.

Located in central Illinois and roughly three hours from Chicago, Decatur offers the chance to buy a home inexpensively or rent at a lower rate. That can free up money for trips, hobbies or other extras during retirement.

3. Hickory, North Carolina

Warnock says Hickory combines below-average living costs with access to local hospitals, along with City Walk, the Lake Hickory Riverwalk and two senior centers that provide opportunities for recreation and socializing.

It also appeals to retirees because North Carolina does not tax Social Security benefits, helping them keep more of their income. With its low cost of living, mountain scenery and active community, Hickory offers a way to spend less without giving up quality of life.

4. Kingsport, Tennessee

Kingsport offers lower living costs and access to care through Holston Valley Medical Center. According to Census Bureau figures, 23.3% of residents are age 65 or older, giving the town a larger senior presence than many other small communities. Milder weather is another draw for retirees who want to avoid severe winters and extreme summer heat.

5. Temple, Texas

Temple combines affordable living with Baylor Scott & White’s local hospital and specialty care network. Its warmer winters may appeal to retirees who want to spend more time outdoors. The city also offers a relaxed pace, lighter traffic, modern amenities and a strong sense of community, helping it remain a frequent name on retirement lists. Analysts note that it attracts older adults by balancing convenience with affordability in Central Texas.

Of course, the best retirement destination depends on personal priorities. Some people want warmer weather and access to larger cities, while others prefer four seasons and a quieter rural setting. Still, each town on this list offers lower living costs that can help retirees worry less about running through their savings too soon.