20. Bay St. Louis, Mississippi
Bay St. Louis, Mississippi is located along the Gulf Coast of the United States. It’s a great town for retirees because it has golf courses, hiking trails, fishing, museums, and more. You can visit the Alice Moseley Folk Art & Antique Museum, the Hollywood Casino, the Buccaneer State Park, or the Bay St. Louis Beach. Mississippi has hot summers and mild winters, with the greatest weather concern being summer and autumn hurricanes. Mississippi is in a USDA growing zone that allows for nearly year-round outdoor gardening. Fresh seafood and southern cooking make Mississippi a delightful culinary retirement spot as well, with an overall low cost of living.
According to Area Vibes, renters make a median salary of $28,739 while homeowners make $51,080. So with $40,000 a year, you would land somewhere in between the two. For a married couple, they should expect to budget $1,192 per month on living expenses if they live in Bay St. Louis. This leaves plenty left over to enjoy life. The area has a relatively low cost of living, which will allow retirees to enjoy their golden years instead of having to scrimp and save. The mild weather will allow retirees to spend ample time on outdoor adventures which can also save money over expensive indoor entertainment.