22 Cheap, Beautiful Places To Retire

·4 min read
Bkamprath / Getty Images/iStockphoto
Bkamprath / Getty Images/iStockphoto

If you're like most people facing retirement, you don't have an unlimited budget. Even so, that doesn't mean that you have to settle for living out what are supposed to be your golden years in a less-than-desirable locale just to make ends meet.

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Retirement should be about enjoying your life with minimal stress and spending some time in the sun. To do that on a budget, though, you'll need to choose a retirement destination that's not only affordable but also features a hospitable climate. To assist you in your relocation plans, GOBankingRates looked at hundreds of U.S. cities to find the cheapest places to retire that feature favorable weather.

More often than not, retirees will find the most affordable and sunniest retirement destinations in the southernmost state of the continental U.S. — Florida. In fact, more than half of 22 U.S. cities on this list are located in Florida.

While the warm weather down south means almost all of the potential retirement spots are in the southern tier, two northern cities make the list because of just they have to offer. And if locations in Florida or up north don't appeal, there's a handful of other affordable cities to choose from.

Read More: 50 Best (and Worst) Cities for an Early Retirement

To rank in the study, each city had to meet the following requirements: More than 25% of the population had to be age 65 or older, the median home listing price must have ranked below the national average and the average annual temperature needed to fall in the moderate range. Check out these beautiful places to retire that won't stretch your bank account.

Read: Best Cities To Retire on a Budget of $1,500 a Month

Kenneth Sponsler / Shutterstock.com
Kenneth Sponsler / Shutterstock.com

Centerville, Ohio
Median home value: $289,988
Average temperature (Fahrenheit): 52.7
Total population: 23,796
Percentage of population 65 and older: 28.1%
Read: Best Cities To Retire on a Budget of $1,500 a Month

KenWiedemann / Getty Images
KenWiedemann / Getty Images

Leland, North Carolina
Median home value: $307,377
Average temperature (Fahrenheit): 62.6
Total population: 20,294
Percentage of population 65 and older: 25.8%
Take a Look: These Once-Hot Housing Markets Are Cooling Off

Courtesy of Redfin.com
Courtesy of Redfin.com

Kerrville, Texas
Median home value: $299,344
Average temperature (Fahrenheit): 64.6
Total population: 23,370
Percentage of population 65 and older: 28%
Discover: Most Affordable Places To Retire Near You

Ken Bosma / Wikimedia Commons
Ken Bosma / Wikimedia Commons

Green Valley, Arizona
Median home value: $281,629
Average temperature (Fahrenheit): 63
Total population: 20,902
Percentage of population 65 and older: 79.8%

BlazenImages / Getty Images/iStockphoto
BlazenImages / Getty Images/iStockphoto

Bella Vista, Arkansas
Median home value: $259,931
Average temperature (Fahrenheit): 59
Total population: 28,539
Percentage of population 65 and older: 32.5%

Milestone Management / Flickr.com
Milestone Management / Flickr.com

Sun City, Arizona
Median home value: $292,905
Average temperature (Fahrenheit): 69
Total population: 38,877
Percentage of population 65 and older: 75.8%
Read: How To Protect Your Retirement Savings During the Pandemic

Susanne Pommer / Shutterstock.com
Susanne Pommer / Shutterstock.com

Vero Beach, Florida
Median home value: $306,751
Average temperature (Fahrenheit): 73.2
Total population: 16,857
Percentage of population 65 and older: 28%

DougSchneiderPhoto / Getty Images/iStockphoto
DougSchneiderPhoto / Getty Images/iStockphoto

Hermitage, Pennsylvania
Median home value: $203,499
Average temperature (Fahrenheit): 51.3
Total population: 15,693
Percentage of population 65 and older: 26.8%

Shutterstock.com
Shutterstock.com

Tamarac, Florida
Median home value: $307,476
Average temperature (Fahrenheit): 75.3
Total population: 65,874
Percentage of population 65 and older: 25.6%

fotoVoyager / Getty Images/iStockphoto
fotoVoyager / Getty Images/iStockphoto

Sun City Center, Florida
Median home value: $293,010
Average temperature (Fahrenheit): 72.4
Total population: 24,286
Percentage of population 65 and older: 71.7%
Read: How Much It Cost To Retire in the Year You Were Born

Shutterstock.com
Shutterstock.com

Sebastian, Florida
Median home value: $293,415
Average temperature (Fahrenheit): 73
Total population: 25,107
Percentage of population 65 and older: 34.6%

Shutterstock.com
Shutterstock.com

North Fort Myers, Florida
Median home value: $282,533
Average temperature (Fahrenheit): 71
Total population: 42,770
Percentage of population 65 and older: 46.3%
Find Out: 27 Ugly Truths About Retirement

Newtonian / Shutterstock.com
Newtonian / Shutterstock.com

Bullhead City, Arizona
Median home value: $295,847
Average temperature (Fahrenheit): 74.7
Total population: 40,252
Percentage of population 65 and older: 29.4%

Shutterstock.com
Shutterstock.com

Lady Lake, Florida
Median home value: $268,723
Average temperature (Fahrenheit): 70.7
Total population: 15,426
Percentage of population 65 and older: 50.8%

jthomasweb / Shutterstock.com
jthomasweb / Shutterstock.com

Port Charlotte, Florida
Median home value: $278,730
Average temperature (Fahrenheit): 73.7
Total population: 62,327
Percentage of population 65 and older: 30.7%

Shutterstock.com
Shutterstock.com

Tavares, Florida
Median home value: $270,127
Average temperature (Fahrenheit): 72.1
Total population: 16,752
Percentage of population 65 and older: 33%

Chris Pruitt / Wikimedia Commons
Chris Pruitt / Wikimedia Commons

Foley, Alabama
Median home value: $238,093
Average temperature (Fahrenheit): 65.2
Total population: 18,533
Percentage of population 65 and older: 26.1%

benedek / Getty Images/iStockphoto
benedek / Getty Images/iStockphoto

New Port Richey, Florida
Median home value: $269,426
Average temperature (Fahrenheit): 72.6
Total population: 16,223
Percentage of population 65 and older: 28.3%

Stephen B Calvert Clariosophic / Wikimedia Commons
Stephen B Calvert Clariosophic / Wikimedia Commons

Edgewater, Florida
Median home value: $259,342
Average temperature (Fahrenheit): 71.3
Total population: 23,324
Percentage of population 65 and older: 27.7%

bauhaus1000 / Getty Images/iStockphoto
bauhaus1000 / Getty Images/iStockphoto

Aiken, South Carolina
Median home value: $217,469
Average temperature (Fahrenheit): 63.5
Total population: 30,671
Percentage of population 65 and older: 26%

Shutterstock.com
Shutterstock.com

Winter Haven, Florida
Median home value: $241,457
Average temperature (Fahrenheit): 73.2
Total population: 41,248
Percentage of population 65 and older: 25.3%

MG_Photos / Shutterstock.com
MG_Photos / Shutterstock.com

Zephyrhills, Florida
Median home value: $217,890
Average temperature (Fahrenheit): 72
Total population: 15,573
Percentage of population 65 and older: 33.6%
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Cynthia Measom contributed to the reporting for this article.Methodology: GOBankingRates determined the cheapest cities to retire by analyzing all U.S. cities with populations of more than 10,000 people, narrowing down the list of cities to only those with greater than 25% share of the population being 65 and older, sourced from the Census Bureau's 2019 American Community Survey. GOBankingRates narrowed the list down even further by making sure the September 2021 median home value of each city was below the national average. From this list of cities, the two main factors used were (1) median home listing price, sourced from Zillow's September 2021 index; and (2) average annual temperature, sourced from Weather Base. All data compiled on Nov. 9, 2021.

This article originally appeared on GOBankingRates.com: 22 Cheap, Beautiful Places To Retire