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Quick Take: How Cheap Is It To Retire in Minneapolis?
Here are five reasons its possible to retire comfortably in Minneapolis for less than $50,000 a year.
If you are of retirement age, Medicare covers most healthcare costs.
Whether its eating in or dining out, you could find affordable options.
Its always best to live within or beneath your means, but you wont suffer for options in Minneapolis.
The Minneapolis Park and Recreation Board provides many free or low-cost programs for seniors.
Minneapolis boasts an efficient public transportation system, which can help you save on transportation and gas prices.
By managing expenses wisely, retirees can enjoy all that this vibrant city offers while maintaining financial security.
First, GOBankingRates found the most populated U.S. cities as sourced from the U.S. Census American Community Survey.
The mortgage and expenditures can be used to find the total cost of living for each city.
The cities with an annual cost of living above $50,000 were removed for this study.
All data was collected on and is up to date as of May 17, 2024.
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