There are so many important considerations retirees have to make. Since income often becomes restricted at this stage of life, their budget is usually at the top of the list — but so is where to live.

                By                    Jordan Rosenfeld

Many retired folk prefer to settle down away from big cities where it can be complicated to get around or difficult to meet people, and relocate to quieter towns where they can engage in more hobbies and activities. If that sounds like you, the cities on this list might be of great interest.

10. Noblesville, Indiana

  • Monthly expenditures: $1,979.92
  • 2022 1-bedroom rent:  $1,101.44
  • % of population 65 and older: 11%

Noblesville, population 70,926, may have the highest expenditures on this list, but it is still under the U.S. average in costs of monthly groceries and healthcare. 

9. Universal City, Texas

  • Monthly expenditures: $1,970.43
  • 2022 1-bedroom rent:   $1,132.44
  • % of population 65 and older: 14%

In Universal City, population 19,808, it makes sense that 14% of the population is age 65 and older when you consider its high livability score of 83 and overall low cost of living. People here spend, on average, $403.19 per month in groceries and $434.80 in monthly healthcare.

Take Our Poll: Do You Believe in Quiet Quitting?

8. Kennewick, Washington

  • Monthly expenditures: $1,902.56
  • 2022 1-bedroom rent:   $1,070.00
  • % of population 65 and older: 15%

Kennewick, population 84,488, also draws a larger percentage of folks age 65 and older. Good livability and low monthly costs are always a winner. Though you will pay a smidgen more than the U.S. national average in monthly grocery costs here, monthly healthcare is almost $60 lower per month than the national average.

7. Loveland, Colorado

  • Monthly expenditures: $1,897.37
  • 2022 1-bedroom rent:   $1,062.89
  • % of population 65 and older: 19%

Loveland, population 77,194, has the highest percentage of adults age 65 and older. With a livability score of 83 and monthly expenditures below $1,900 per month, it’s a great place to retire on a budget.

See: With A Recession Looming, Take These 3 Retirement Moves To Stay On Track

6. Hopkins, Minnesota

  • Monthly expenditures: $1,896.23
  • 2022 1-bedroom rent:   $1,108.78
  • % of population 65 and older: 14%

Hopkins, population 18,573, has low monthly expenditures overall. You will pay slightly more for your monthly groceries than the rest of the nation, but with a livability score of 80 and other costs being low, it still ranks pretty high on this list.

5. Temple, Texas

  • Monthly expenditures: $1,873.44
  • 2022 1-bedroom rent:   $1,008.22
  • % of population 65 and older: 15%

In Temple, population 85,416, 15% of the population is aged 65 or older. Here you will pay about $8 more per month for your monthly healthcare costs, but it’s still cheaper than Universal City overall.

4. Roanoke, Virginia

  • Monthly expenditures: $1,861.27
  • 2022 1-bedroom rent:   $941.11
  • % of population 65 and older: 17%

Roanoke has the second largest population on this list, 98,865, and the second highest percentage of residents aged 65 and older, but it has the third lowest cost of rent and a monthly groceries average lower than the national average. You will pay about $50 more than the national average in monthly healthcare costs, but it will be worth it.

3. Apple Valley, Minnesota

  • Monthly expenditures: $1,858.54
  • 2022 1-bedroom rent:   $1,074.33
  • % of population 65 and older: 14%

Apple Valley, population 55,638, is a place where the healthcare is affordable at an average of $339.39 per month, and the livability score is a high 87. There’s also plenty of other folks aged 65 and older. What’s not to love.

2. San Angelo, Texas

  • Monthly expenditures: $1,806.59
  • 2022 1-bedroom rent:   $851.44
  • % of population 65 and older: 16%

Coming in at No. 2 on this list is San Angelo, with a population of nearly 100,000, 16% of which are aged 65 and older. Here, rent falls below $900, and monthly grocery costs are below the national average at $404.94 per month. You do pay almost $100 more per month in healthcare than the national average, but with high livability and low costs, you won’t mind.

1. Baytown, Texas

  • Monthly expenditures: $1,707.66
  • 2022 1-bedroom rent:   $868.89
  • % of population 65 and older: 12%

Topping this list is Baytown, population 82,480. It ranks highest due to having the lowest rent and monthly grocery and healthcare costs below the national average, at $418.97 and $419.80 respectively. It also has a growing number of residents aged 65 and older.