According to Zillow, the median home value is $156,701, and the cost of living is 16 percent lower than the national average. Even if property investment is not part of your retirement plans, renting is equally affordable. Investopedia reported that the median rent is $870 per month, which is about 18 percent of the monthly income there.
Investopedia identified the city's affordability as a main draw for those 65 and over, who account for 20 percent of the population here. Residents benefit from big city perks, including access to health care, a vibrant downtown, and outdoor activities.
West Virginia's tax friendliness is another reason to consider spending your golden years here, with the state deciding to gradually stop taxing Social Security benefits while maintaining low property and sales taxes.
According to data from this year's America Health Index, West Virginia and Alabama have the lowest housing burden for seniors in the country, making it an appealing place for retirement.
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