Top Affordable Towns For Retirement In The U.S.

The idea of retirement can be worrisome for many Americans, especially if you don't have a lot of savings in your bank account.

However, there is a silver lining if you are looking for a new town to call home in your later years, that can be affordable and not break your savings. According to the website, GoBankingRates, they just finished a study in late 2024 to find the 10 Best Places in the U.S. to Retire if you have some or no money in the bank for retirement. Believe it or not, two small Arkansas towns made the Top 10 list.

Canva

#1 Hot Springs Village - Arkansas

Just minutes from Hot Springs National Park, Hot Springs Village is a perfect place for retirement an average of 61 percent of the residents living there are age 65 or older. The necessities average $21,114, and Social Security benefits aren’t taxed. The village has an array of local businesses, quaint little shops, restaurants, and several golf courses to enjoy, but if you desire more amenities, Hot Springs is only 30 minutes away. Several homes in Hot Springs Village are surrounded by pristine, beautiful lakes and scenic mountain views. What's not to like in this quiet community in the Ouachita Mountains?

# 4 Bella Vista - Arkansas

A beautiful community in the Ozark Mountains in Northwest Arkansas, consistently ranked as one of the best places to live and retire. An average of 32.2 percent of the residents living there are 65 or older. The necessities average $ 20,974, and Social Security benefits aren’t taxed there. Besides plenty of outdoor recreation in the area, Bella Vista is home to a championship golf course, and shopping is just minutes away in nearby Bentonville/Rogers.