3 Boomer-Friendly Cities Where Retirees Can Live It Up for Less

Everyone who is close to retirement – namely, the baby boomer generation – wants to make their retirement dollars stretch as far as possible. At the same time, boomers want to enjoy life, which means staying physically active, as well as enjoying cultural amenities and great food.

I trolled several sites that professed to have the "best" list of cities for retirement, and picked a few that sounded appealing on the affordability scale, in addition to offering a wide array of things to do and see. Though not in any specific order, here are three of the most attractive U.S. cities for boomers looking for fun, food, and a low cost of living.

Savannah, Georgia
According to Grandparents.com, Savannah has a very low cost of living – nine points lower than the national average, according to their calculations. Sperling's Best Places, however, gives it a much larger discount of 17 points, which means the city weighs in at 83 out of 100.

As if that wasn't enough, Savannah has beauty and culture to add to its list of attributes. The city has nearly two dozen parks and public squares, and is home to the Savannah College of Art and Design, as well as the South's oldest art museum, the Telfair Museum of Art. Add in the live oaks, dripping Spanish moss and the nearby ocean, and Savannah sounds like anyone's dream retirement destination.

Tulsa. Source: Wikimedia / Robert Baird.

Tulsa, Oklahoma
Depending upon which site you consult, Tulsa has a cost of living discount of 15.4%, 11.6%, or 10%. Whichever you choose, though, that low expense ratio is pretty sweet.

According to Grandparents.com, Tulsa sports some of the happiest retirees around. The city boasts of 19 public golf courses, so golf nuts will never tire of the same old scenery. There are lots of other attractions, too: parkland takes up 6,000 city acres, and Tulsa is also home to excellent museums, as well as the campus of Oklahoma State University. Housing is cheap, too, with the median home cost right around $94,300. Another bonus: assisted living costs are well below the national average, as well. 

Omaha. Source: Wikimedia / Ron Reiring.

Omaha, Nebraska
ThinkAdvisor gives Omaha a cost of living score of 88, and Marketwatch notes that the state of Nebraska has one of the most contented and happy populations in the country. The state has a very low unemployment rate, as well – which should be very attractive to boomers who plan to supplement their retirement income with a little paid work. 

Omaha is brimming with culture, and is home to the famous Orpheum Theater and the Joslyn Art Museum, the state's largest. Golf is a favorite pastime here, too, with over 50 golf courses in the immediate area. 

These are only three of many excellent choices in which to live out your dream retirement, so make sure you check out the vital statistics of all the areas you are considering. If you are on a budget, however, staying active and engaged could be a lot cheaper in these three cities than where you currently live, and should definitely be at the top of your comparison-shopping list.

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Read/Post Comments (6) | Recommend This Article (43)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On July 05, 2014, at 2:30 PM, Taz wrote:

    Savannah - insufferable humidity and the possibility of having your entire block blown away by a hurricane.

    Tulsa - living in an oil city in By God Oklahoma is living? I don't think so Tim!

    Omaha - boil your butt off in summer and freeze what's left in winter? All in the middle of nowhere. BWA HAAAAA HAAAAAA!!!!!

    There is a reason these places are cheap to live in. No demand.

  • Report this Comment On July 06, 2014, at 7:35 AM, nzk91g wrote:

    Usually when a place is cheap to live it's because nobody wants to be there.

  • Report this Comment On July 06, 2014, at 10:33 AM, Dlittle904 wrote:

    Who in the *&$% would live in any of these

    places? Is this guy crazy?

  • Report this Comment On July 06, 2014, at 11:24 AM, sporked wrote:

    Savannah, Georgia ........Africa hot!

    Tulsa......smells like an oil refinery.

    Omaha......Omaha?? Really??? Peyton Manning made them famous, and he won't go there.

  • Report this Comment On July 06, 2014, at 1:16 PM, celest50 wrote:

    I have lived 50 miles north of Tulsa for over 60 years and I don't even like going there. Sure wouldn't live there. Drive by shootings, bad smells, gangs and a few years ago....they started the year out with over 50 killings in the first quarter of the year! No thank you I would rather spend more money somewhere safer....and trust me....just about ANYWHERE is safer!

  • Report this Comment On July 06, 2014, at 9:46 PM, chatpal wrote:

    well then this is a advertisement to try to get some new residents.

    if retirees dont mind cold, quiet and boring, try conneuat pa, erie pa, north of pittsburgh pa, mercer pa, slippery rock pa, but you have to have a car no public transportation.

    for fun places and warm , nothing is cheap accept maybe Louisiana and rural florida. maybe they shoud inerview actual retirees and ask them where its best to live.

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