Cheapest State For Seniors To Live 2024. Overall, costs in the state are 17% lower than the national average. Alabama is currently the #1 cheapest state to live in for 2024 with an average home value of $216,564, cheapest homes rank of #10/50, overall affordability.

Best places to retire in 2024. Settling down in one of the cities below could do wonders for your wallet.