Grandparents.com Inc., a website for the 50-plus market with more than 2 million registered members, has published the listing of the top six most affordable American cities for retirees to live in.
U.S. cities making the list include:
• Savannah
• Roanoke, Va.
• Spokane, Wash.
• Pittsburgh, Pa.
• Louisville, Ky.
• Columbus, Ind.
According to Grandparents.com, Savannah’s mix of affordability and things to do make it a perfect retirement destination for baby boomers who want to get the most out of their retirement funds, remain active, and enjoy cultural and entertainment venues.
Savannah made the list based on a combination of factors, including a cost of living that is 9 points lower than the national average, a tax rate range of 1 percent to 6 percent and a state sales tax of 4.0 percent.
“We’ve found that when it comes to retirement, people want the whole package: places that are beautiful, cultural, the living is easy and their nest egg won’t get tapped out,” said Ellen Breslau, Editor in Chief of Grandparents.com.
To see the complete list of most affordable places to retire, please visit https://www.grandparents.com/money-and-work/retirement/cheapest-places-retire.