Arkansas
How much you need to retire: $981,491
Retirees in Arkansas need just $39,260 to get through a year, which is cheaper than the cost of living in all but one other state. At $5,997, it’s the only state in the union with transportation costs lower than $6,000, and housing expenses average just $12,004 a year. The $3,100 grocery bill is also low, as is the $5,025 price tag for healthcare.
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