For retirees living on a budget, look no further than Ohio for a host of affordable options — including the best city to retire on $2,500 a month, according to a report. Akron, Ohio, is the Best City to Retire on $2,500 a Month, with monthly living expenses averaging $2,361, according to GoBankingRates.com, an online finance, investing and retirement resource. The report used data from the Bureau of Labor Statistics 2022 Consumer Expenditure Survey for people age 65 and older, Zillow’s Home Value Index, AreaVibes, and more, to compare U.S. cities based on population, monthly mortgage costs, monthly necessity expenses and overall livability.