8. Texas
$1 million will last: 24 years, 9 months
Both groceries and housing are fairly cheap in the Lonestar State, coming in at $3,035 and $12,889, respectively. Both utilities and healthcare costs are also lower than the national average, but just barely. Transportation costs come in at $6,374, for a total yearly cost of living of $40,376.
El Paso, Texas: The Best Place to Retire Where Rent Is Under $1,000 a Month
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