Top 10 Budget-Friendly Locations for Seniors in 2025
Affordability Tops the List for Retirees as West Virginia Becomes a Popular Destination
When it comes to choosing a state to retire in, affordability is the largest concern for Americans. According to recent data, Massachusetts and California came in second and third in terms of cost of living, while Florida ranked fourth and Texas seventh. These states may offer a desirable lifestyle, but they are not the most wallet-friendly options for retirees.
Instead, retirees and soon-to-be retirees have been flocking to West Virginia. In 2025, the state was named the most affordable state for retirees, with the lowest cost of living and the fourth-lowest cost of homeowner's insurance. West Virginia's affordability has made it particularly popular with older Americans, who are looking to stretch their retirement dollars as far as possible.
The affordability of a state was measured according to the cost of living index and average annual home insurance premiums. West Virginia's low homeownership cost is a common thread among the most affordable states for retirees, with Nebraska ranking No. 1 in the country in the cost of home insurance, with an average annual premium of $6,097. Florida comes in second, at $5,409.
But West Virginia's affordability isn't just about housing costs. The state also boasts lower costs in other essential categories, such as insurance rates. West Virginia had the lowest cost of living and the fourth-lowest cost of homeowner's insurance.
Wyoming and Nevada, both without state income tax, are also on the list of most affordable states for retirees. These states offer a combination of low taxes and low cost of living, making them attractive options for retirees looking to save money.
However, affordability is not the only factor to consider when choosing a state to retire. Other factors such as lifestyle, climate, healthcare, and proximity to family should also be taken into account. For example, New Hampshire was named the best state for retirees in 2025, but it did not rank high in affordability.
All three of Hawaii, California, and Massachusetts rank in the bottom 10 when it comes to taxes as well, making them less attractive options for retirees looking to save money.
Overall, West Virginia has emerged as a top destination for retirees in 2025, offering a combination of affordability, low taxes, and a desirable lifestyle.
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