Florida
How much you need to retire: $1,121,066
Florida, where the annual cost of living is $44,843, is probably more closely associated with retirement than any other state. In fact, a few of the cheapest places to retire are in Florida.
At $3,602 a year, grocery bills are high, as is the cost of transportation and utilities. Residents get a break, however, on housing, which costs an average of $15,172 a year, which is slightly below the national median. Healthcare costs are also comparatively cheap.
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