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The 10 most affordable U.S. states for retirement in 2024: Half are in the South

If you prefer hiking the Appalachian Mountains over lounging on coastal beaches, this year’s least-expensive state to retire may be a good fit for you.


For the second year in a row, West Virginia is the most affordable state for retirement in the U.S., according to financial services company Bankrate’s best and worst states for retirement report, which published last month.


The state’s affordability ranking comes from “a low cost of living, low property taxes and affordable homeowners insurance,” the report said. West Virginia is followed by Mississippi and Indiana, rounding out the top three.


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