GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
Youll find a lot of wide-open spaces, but no oceanfront property.
It also lacks the year-round warm temperatures that many retirees desire.
If youre drawn to places with four distinct seasons, however, the Midwest may be worth a look.
We then penciled out totals for multiple years, with an emphasis on 30 due to increased lifespans.
it’s possible for you to find our full methodology at the end of this story.
Heres our state-by-state breakdownfor the Midwest.
The average single-family home value was sourced from the Zillow Home Value Index.
Using the average mortgage and expenditure costs, the total monthly and annual cost of living was calculated.
These costs were doubled to determine numbers for living comfortably and figured for 15-, 20- and 30-year periods.
An inflation rate of 2.53% was used (sourced from USInflationCalculator.com).
An expected annual rate of return of 10.52% was used (sourced from Vanguards How America Saves).
All data was collected on and is up to date as of September 16th, 2024.
More From GOBankingRates
Share This Article:
