14 Best Places to Retire on $3,000 per Month Income

Not only is it possible to retire on $3,000 per month, but you can also live comfortably too. But what are the best places to retire on $3,000 a month?

I’ve compiled a list of several places that you should consider to get the most bang for your buck. Some of these places will be in the US, while others are outside the country. As you can probably imagine, your $3,000 per month goes a whole lot further in other countries where the cost of living is lower.

14 best places to retire on $3,000 a month

1. San Marcos, Texas

The great state of Texas is where everything is bigger. You don’t need a big amount of money in your pocket to live in San Marcos, Texas. Your dollars will stretch far and wide here.

Texas is a great state for those who enjoy the open outdoors, hot weather, and plenty of delicious Mexican-inspired dishes. Better yet, the average cost of living in Texas is a mere $3,000 per month. Animal lovers should consider living in San Marcos as you can spend your days letting your pets run free and enjoy some dog parks.

2. Louisville, Kentucky

Louisville, Kentucky, is a beautiful town with a low cost of living. It also has excellent golfing and entertainment options. Louisville is known for its many craft breweries. Louisville is also home to Louisville slugger and the Kentucky Derby.

The cost of living in Louisville is low, including many entertainment options, culture, great food, and drinks. You’ll never get bored of living in this city.

3. Jackson, Mississippi

In the south, you’ll find Jackson, Mississippi. Mississippians know how to have a good time and are plenty friendly. Jackson is also a college town and features museums, historic buildings, and theaters. There’s always something going on in Jackson, Mississippi.

You’ll have plenty of options for entertainment here. You’ll also find plenty of galleries and museums to visit. In addition, the cost of living in Mississippi is pretty low, so that means you can save some cash for travel.

4. Danville, Illinois

Danville, Illinois, is a small town where you can make some great friends and live a simple life. It has easy access to major cities like Chicago and St. Louis. The cost of living here is low, and some people may consider it the most affordable US city on my list.

Danville has all the small-town charm that you’d expect for a city in the midwest. The city has plenty of outdoor activities, but it also features some unique restaurants for those who like to dine out. Danville may be tiny, but it has a lot of character.

5. Pedasí, Panama

Panama City is one of the best places to retire in South America for under $3,000 per month. In fact, you can live quite well here on $3,000 per month. The cost of living is low, and you’ll have access to all of the amenities that living in a city offers.

Panama is an excellent place for retirees who want a tropical climate. The beaches are all within a short drive, and there are plenty of restaurants as well. There’s also a lot to do in the city when you’re not on the beach. In addition, Panama City has plenty of medical services for any health issue you may have at a lower cost than America.

6. Springfield, Missouri

Springfield, Missouri, is home to a wide variety of things to do for seniors. The city provides great transportation services for you. In addition, there are plenty of parks and golf courses located here.

You’ll find a friendly atmosphere in Springfield. You’ll be able to find the type of retirement you want to live. Springfield is a place where families can still live and be pretty much left alone. You’ll be in a safe neighborhood.

7. San Jose, Costa Rica

Costa Rica is a great place to retire in the tropics. Living in San Jose, Costa Rica, on $3,000 per month is a great option. The cost of living in Costa Rica is low, and you’ll find many options to do outside of your home. There’s plenty to do here.

Many people like to live in Costa Rica to escape the cold winters in the United States. The cost of living is low, and you can find plenty of activities here as well. In addition, you’ll find many retirees living in Costa Rica when they can’t afford to retire in the United States.

8. McMinnville, Oregon

McMinnville, Oregon, is a small town with plenty of character. You’ll find plenty of places to eat and see here. The cost of living in McMinnville is low, and you’ll find a lot to do for retired seniors. You’ll find plenty of parks, hiking, and other outdoor activities.

Everyone knows that Oregon is one of the top destinations for those who love the great outdoors. Oregon is beautiful, economical, and the people there are as laid back as can be. So if you’re looking for somewhere to retire with a low cost of living and plenty of things to do, you’ll love McMinnville, Oregon.

9. Pueblo, Colorado

If you’re wondering if you can live on $3,000 a month in Colorado, the answer is yes. Colorado is a beautiful state. You’ll find a variety of things to do in Colorado. You can take an easy drive from Pueblo and be right next to some of the best ski resorts.

You can enjoy some of the great outdoors that come with living in Colorado. You’ll find plenty of family-friendly attractions to do near Pueblo. It’s also an excellent place for retirees who love the outdoors and want to live within an hour or two of Denver.

10. Phnom Penh, Cambodia

Phnom Penh is the largest city and the capital of Cambodia. This city is full of friendly people and has plenty to offer for anyone who wants to retire in a place where you can enjoy the great outdoors, good food, and a low cost of living. You’ll never get bored of living here.

Phnom Penh may not be on the radar for many Americans, but it’s a great place to retire. You’ll find everything you need here and enjoy the low cost of living that this city offers. Phnom Penh is a traditional Cambodian city and has plenty of fun things to do for retirees.

11. Stow, Ohio

Stow, Ohio, is a small town with plenty of character and tons to offer residents. You’ll find plenty of parks and trails, and you’ll have easy access to many of the other cities within the state of Ohio.

In Stow, you can live a simple life, all while getting by on less than $3,000 per month. You’ll find plenty of things to do here that are just a short drive from Stow. The cost of living is low, and the services you can get here are excellent.

12. Augusta, Georgia

Augusta, Georgia, is an affordable city located near some of the most famous golf courses in the country. The city has plenty of parks, opera houses, and theaters. The cost of living is low here for seniors, and you’ll find plenty to do to keep you busy.

Augusta has been a popular retirement destination for ages. There are many spots around the city to do some shopping and dine out. You could live like a king without spending too much money in this city.

13. Cuenca, Ecuador

Cuenca, Ecuador, is a city known as one of the most culturally diverse places on earth. The city is home to children from all over the world and has been well-known for its friendly atmosphere. You’ll find everything you need to live cheaply here in Cuenca without any problems.

Cuenca has some of the most beautiful scenery in South America. This city has a fantastic climate and is an excellent place for anyone looking to retire. Cuenca is a self-contained city that doesn’t require you to drive into another city if you don’t want to.

14. Mafra, Portugal

Mafra is a historic city that’s located on the southern coast of Portugal. There are many historical landmarks in this town, including Mafra Palace and many churches.

You’ll love living in Mafra because of the incredible weather. With almost perfect climate here, you’ll love having world-class weather available to enjoy every day. You’ll be able to live on $3,000 per month with plenty of money to spare.

15. Birmingham, Alabama 

Birmingham Alabama was once known for its powerful manufacturing industry. These days, there’s less manufacturing happening, but there is a vibrant arts scene.

This is a good place for anyone who wants to live somewhere where they can enjoy their fill of the arts. There are museums, art galleries, ballet all available to you here in the city.

This is thanks to the University of Alabama, which funds and provides these opportunities. It’s the best place to retire if you want to keep your finger on the pulse of the arts.

16. Duluth, Georgia 

You’ve seen this option on the list, and instantly wondered why it’s here. After all, Atlanta is renowned for the traffic on its roads and highways.

Is that the place you want to retire to?

Remember though, it’s the working people who are bemoaning the traffic. They’re the people that are trying to get to the office in rush hour, and are against the clock.

You, on the other hand, are going to be retired. You don’t have to go out into the rush hour traffic, so you don’t need to worry about it.

Duluth is home to some amazing restaurants, so if you’re the kind of person who enjoys eating out, you’re in the right place. There’s plenty of entertainment offerings too, making it an exciting place to be.

The whole of the down town area has been recently revamped, so you’ll be able to explore and find all kinds of exciting new things to try out here.

17. Knoxville, Tennessee

As you can see from those average costs, it’s not as expensive as it used to be to live in Knoxville. In past years, it used to be an expensive place to live, but things are changing.

Housing prices are coming down in the area, and as you can see, they’re a lot cheaper than even some of the others on this list. If you want to find a retirement home that will give you more bang for your buck, this is the place to look.

It’s not just the housing prices that are important, though. There’s an amazing art and culture scene here, as well some amazing entertainment and dining options.

Thanks to this, Knoxville is probably one of the best places in the US to retire in.

18. Fort Smith, Arkansas

Fort Smith is a city that allows you access to the best of both worlds. The city itself is quiet and friendly, but if you want some action, Fayetteville is just a 45 minute drive away.

That way, you can take advantage of the incredible nightlife there, and still enjoy the peace of living in a small town.

It’s the best place to live if you enjoy being outdoors. There’s lots of outdoor activities that will keep you interested, so you can stay active in your golden years.

Many residents find the slow paced feel of Fort Worth to be relaxing, making it one of the best places to retire.

Best places to retire on $3,000 a month: The bottom line

Finding good places to retire on $3,000 per month is possible. All of the cities listed above are great places to retire across North America and even outside the country.

There are many cities on this list that will allow you to live on $3,000 per month. You’ll want to get a good idea of the cost of living in any chosen area before settling down. You can dig deeper into each city’s cost of living by doing a little research online.

For many, the choice of moving outside of the United States is a no-brainer. It’s much cheaper to live, the countries offer many rewards, and you’ll be living in a place with low crime. Many countries roll out the red carpet for retirees because they know they’ll be a steady source of income for them.

Above all else, try to find a place that you can call home. If you like the cold weather, hot weather, or anything in between, you can find it here. It’s your retirement; live it on your own terms!

Scroll to Top