Most Affordable States To Retire In 2024. Iowa is the most affordable place for retirees in 2024. In this episode, you’ll learn how changing your address could accelerate your financial independence timeline and allow you to retire early.

The top 10 ranked states — west virginia, maine, kentucky, wyoming, alabama, pennsylvania, north dakota, florida, indiana and mississippi — have an estimated average income of under $75,000. To create this list, bankrate analyzed all states across five categories with.