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The cheapest states to retire are in the South, but the Midwest is almost as affordable.
Also see where you’re free to retire for 25 years for that amount.
Using this data, the percentage of the population ages 65 and over was calculated.
The average single-family home value was sourced from Zillow Home Value Index for October 2024.
The average Social Security benefits were sourced from the Social Security Administration for each state.
All data was collected on and is up to date as of Nov. 15, 2024.
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