Conventional financial wisdom tells us that one of the savviest ways to avoid wasting money in retirement is to live somewhere affordable. If you’re relying solely on social security, that means you have to make it work with $1,976 for an individual or $3,014 for a couple per month.
Ideally you can combine affordability with desirability by selecting a town with local color, attractive amenities, and the services and resources you rely on. With no state income tax and a relatively mild climate, we’ve set our sights on Tennessee for this mission.
All rental data used in this article has been pulled from RentCafe, and all home price data is from Zillow. …