In 2024, some of the cheapest U.S. states to retire in include Mississippi, where the cost of living is significantly lower than the national average.
Arkansas also stands out for its affordable housing and healthcare.
Kentucky offers retirees a low cost of living and favorable tax conditions.
Alabama is another budget-friendly option, boasting affordable housing and lower overall expenses.
Tennessee is known for its tax-friendly environment and reasonable living costs
Oklahoma provides retirees with affordable housing and a relatively low overall cost of living.
West Virginia stands out for its low housing costs and economic advantages for retirees.
Louisiana, with its lower-than-average living expenses, rounds out the list of economical states for retirement in 2024.