Many Americans are currently struggling with saving for retirement. If you’re already looking to retire now or are planning for the future, it may be worth it to retire in a city that’s more affordable for your budget.


Many articles claim that you need to save $1 million to have a decent nest egg for retirement, but how realistic is that for everybody? Also, having a nest egg doesn’t mean that you’re set for retirement — it means that you have to work with the money you’ve saved to fuel you through the rest of your life.


Coventry Direct recently did an analysis of the most and least affordable cities to retire in. While the least affordable cities are pretty obvious, it’s worth noting the large U.S. cities that offer realistic retirement options that won’t cost a fortune. Here are the rankings:


The Most Affordable Cities to Retire:


  1. Buffalo, NY
  2. Louisville, KY
  3. St. Louis, MO
  4. Milwaukee, WI
  5. Cleveland, OH
  6. Detroit, MI
  7. Indianapolis, IN
  8. Memphis, TN
  9. Kansas City, MO
  10. Birmingham, AL


The Least Affordable Cities to Retire:


  1. San Francisco, CA
  2. New York, NY
  3. San Jose, CA
  4. Washington, DC
  5. Boston, MA
  6. Los Angeles, CA
  7. Seattle, WA
  8. San Diego, CA
  9. Miami, FL
  10. Riverside, CA


If you are looking into retirement options, this is a great resource to use if you’re looking to live a more frugal or budget-friendly retirement life. Also, don’t necessarily rule out the cities ranked outside of the top 10. Every city is ranked on its own factors of affordability, so determine which aspects are more important to you to decide where you want to settle down.