10 Midwest Cities Where You Should Retire — It Costs $3,000 or Less Per Month

"There’s good news if you’re anticipating being on a budget during your retirement years. An in-house study from GOBankingRates has identified 25 Midwest cities as the most affordable for retiring on $3,000 or less monthly. From this list, we pulled the 10 cheapest Midwestern cities for retirement where the average monthly cost of living is under $2,650 — and that’s before Social Security benefits kick in.

Lemmon, South Dakota

• Livability score: 79
• Average monthly mortgage: $612
• Average monthly cost of living (not including housing): $1,943
• Average monthly cost of living for homeowner before Social Security: $2,555

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