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5 cool places in America you can live well on less than $40,000 a year

Housing and health-care costs are on the rise and seniors didn’t get a Social Security cost-of-living increase this year, which means that many retirees struggle to afford their lifestyle. But in some cities, it’s easier to live the life you want than in others, according to AARP The Magazine, which on Wednesday released its new list of cities where retirees can live well for under $40,000.

The magazine worked with city research site Sperling’s Best Places to compile this list, looking at factors like cost of living, tax rate, unemployment rate, housing cost, crime rate, access to good doctors and hospitals, access to outdoor recreation, and access to educational and cultural institutions.

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