Iowa
How much you need to retire: $1,030,622
With an annual price of just $12,967, Iowa is one of only 15 states with housing costs lower than $13,000 a year. In fact, with housing costs so low, $300,000 buys you quite a lot of house in Iowa.
That’s not the only reason, however, that retirees there pay a fairly low $41,225 to cover the annual cost of living. Groceries are affordable at just $3,191 a year. The cost of healthcare, however, is roughly the same as the national median. Transportation costs slightly more.
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