Retirement budget BLS 2024

Where to retire on $2,000 a month

At typical retiree spending, $2,000 a month doesn't cover a single homeowner in any state or city we cover; the cheapest is Arkansas at $2,771. On a lean budget it covers 1 state and 1 of 149 cities: Arkansas and Little Rock, AR.

Within budget: 1 state, 1 city

Typical is the average spending of households 65+ (BLS 2024). Lean and Comfortable scale everything but housing and electricity to what 65+ households with incomes under $30,000 or $70,000+ spend (BLS 2023–2024). All are adjusted for local rent or property tax, prices, electricity, gas and car insurance, and exclude income taxes, gifts and savings.

Where your budget works

1 state and 1 of 149 cities fit a $2,000 monthly budget for a single retiree who owns a paid-off home at lean spending.

States

  1. Arkansas $1,956/mo  fits budget
  2. Louisiana $2,011/mo  over by $11
  3. Oklahoma $2,012/mo  over by $12
  4. Mississippi $2,018/mo  over by $18
  5. Alabama $2,023/mo  over by $23
  6. West Virginia $2,029/mo  over by $29
  7. New Mexico $2,035/mo  over by $35
  8. Tennessee $2,036/mo  over by $36
  9. Kentucky $2,039/mo  over by $39
  10. Wyoming $2,064/mo  over by $64

Cities

  1. Little Rock, AR $1,996/mo  fits budget
  2. Springfield, MO $2,022/mo  over by $22
  3. Knoxville, TN $2,024/mo  over by $24
  4. Fayetteville, AR $2,037/mo  over by $37
  5. Clarksville, TN $2,038/mo  over by $38
  6. Baton Rouge, LA $2,042/mo  over by $42
  7. Jackson, MS $2,044/mo  over by $44
  8. Tulsa, OK $2,046/mo  over by $46
  9. Myrtle Beach, SC $2,059/mo  over by $59
  10. Chattanooga, TN $2,061/mo  over by $61

Making $2,000 a month work

At typical retiree spending, $2,000 doesn't cover a single homeowner anywhere in our data: the cheapest place is Arkansas at $2,771 a month. That is $771 more than this budget, and $2,000 is $88 less than the average retired worker's Social Security benefit ($2,088 in August 2026). Three things close the gap.

How many places fit $2,000 a month

States include D.C.; cities are the 149 metro areas we cover. Lean and Comfortable change spending on everything but housing and electricity.

Spending styleSingle, own homeSingle, rentingCouple, own home
Lean1 state, 1 cityNoneNone
TypicalNoneNoneNone
ComfortableNoneNoneNone

Cities that fit $2,000 a month, and the next closest

Monthly costs at lean spending, cheapest first. fits $2,000; over budget.

CitySingle, own homeSingle, rentingCouple, own home
Little Rock, AR$1,996  fits budget$2,684  over budget$2,601  over budget
Springfield, MO$2,022  over budget$2,628  over budget$2,635  over budget
Knoxville, TN$2,024  over budget$2,851  over budget$2,640  over budget
Fayetteville, AR$2,037  over budget$2,823  over budget$2,646  over budget
Clarksville, TN$2,038  over budget$2,884  over budget$2,651  over budget
Baton Rouge, LA$2,042  over budget$2,777  over budget$2,662  over budget
Jackson, MS$2,044  over budget$2,739  over budget$2,659  over budget
Tulsa, OK$2,046  over budget$2,710  over budget$2,652  over budget
Myrtle Beach, SC$2,059  over budget$3,109  over budget$2,692  over budget
Chattanooga, TN$2,061  over budget$2,893  over budget$2,676  over budget

Frequently asked questions

Where can I retire on $2,000 a month?

At typical retiree spending, $2,000 a month doesn't cover a single homeowner in any state or city we cover; the cheapest is Arkansas at $2,771. On a lean budget it covers 1 state and 1 of 149 cities: Arkansas and Little Rock, AR. Lean means spending on everything but housing and electricity like the 34% of 65+ households with incomes under $30,000.

Can I retire on $2,000 a month if I rent?

Not at lean spending in any of the 149 cities we cover; the cheapest for a single renter is Toledo, OH at about $2,581 a month. Renting adds the most to retiree costs; renting a room or sharing a home cuts that line.

Is $2,000 a month enough for a retired couple?

At lean spending, a couple needs more than $2,000 a month in every city we cover; the cheapest is Little Rock, AR at about $2,601.

How does $2,000 a month compare with Social Security?

The average retired worker received $2,088 a month from Social Security in August 2026 (SSA), so $2,000 is $88 less than the average benefit. On that average benefit alone, a single retiree who owns a paid-off home covers typical spending in no state and lean spending in 15 states.