Retirement budget BLS 2024

Where to retire on $2,500 a month

At typical retiree spending, $2,500 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 42 states and 115 of 149 cities, including Little Rock, AR; Springfield, MO; Knoxville, TN and Fayetteville, AR.

Within budget: 42 states, 115 cities

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

42 states and 115 of 149 cities fit a $2,500 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  fits budget
  3. Oklahoma $2,012/mo  fits budget
  4. Mississippi $2,018/mo  fits budget
  5. Alabama $2,023/mo  fits budget
  6. West Virginia $2,029/mo  fits budget
  7. New Mexico $2,035/mo  fits budget
  8. Tennessee $2,036/mo  fits budget
  9. Kentucky $2,039/mo  fits budget
  10. Wyoming $2,064/mo  fits budget
  11. North Dakota $2,065/mo  fits budget
  12. Idaho $2,070/mo  fits budget
  13. Indiana $2,074/mo  fits budget
  14. Missouri $2,077/mo  fits budget
  15. South Carolina $2,081/mo  fits budget

And 27 more states fit.

Cities

  1. Little Rock, AR $1,996/mo  fits budget
  2. Springfield, MO $2,022/mo  fits budget
  3. Knoxville, TN $2,024/mo  fits budget
  4. Fayetteville, AR $2,037/mo  fits budget
  5. Clarksville, TN $2,038/mo  fits budget
  6. Baton Rouge, LA $2,042/mo  fits budget
  7. Jackson, MS $2,044/mo  fits budget
  8. Tulsa, OK $2,046/mo  fits budget
  9. Myrtle Beach, SC $2,059/mo  fits budget
  10. Chattanooga, TN $2,061/mo  fits budget
  11. Daphne, AL $2,066/mo  fits budget
  12. Spartanburg, SC $2,068/mo  fits budget
  13. New Orleans, LA $2,070/mo  fits budget
  14. Birmingham, AL $2,072/mo  fits budget
  15. Winston-Salem, NC $2,074/mo  fits budget

And 100 more cities fit.

Making $2,500 a month work

At typical retiree spending, $2,500 doesn't cover a single homeowner anywhere in our data: the cheapest place is Arkansas at $2,771 a month. That is $271 more than this budget, and $2,500 is $412 more than the average retired worker's Social Security benefit ($2,088 in August 2026). Three things close the gap.

How many places fit $2,500 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
Lean42 states, 115 citiesNoneNone
TypicalNoneNoneNone
ComfortableNoneNoneNone

Cities that fit $2,500 a month

Monthly costs at lean spending, cheapest first. fits $2,500; 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  fits budget$2,628  over budget$2,635  over budget
Knoxville, TN$2,024  fits budget$2,851  over budget$2,640  over budget
Fayetteville, AR$2,037  fits budget$2,823  over budget$2,646  over budget
Clarksville, TN$2,038  fits budget$2,884  over budget$2,651  over budget
Baton Rouge, LA$2,042  fits budget$2,777  over budget$2,662  over budget
Jackson, MS$2,044  fits budget$2,739  over budget$2,659  over budget
Tulsa, OK$2,046  fits budget$2,710  over budget$2,652  over budget
Myrtle Beach, SC$2,059  fits budget$3,109  over budget$2,692  over budget
Chattanooga, TN$2,061  fits budget$2,893  over budget$2,676  over budget
Daphne, AL$2,066  fits budget$3,127  over budget$2,693  over budget
Spartanburg, SC$2,068  fits budget$2,803  over budget$2,695  over budget
New Orleans, LA$2,070  fits budget$2,910  over budget$2,694  over budget
Birmingham, AL$2,072  fits budget$2,935  over budget$2,693  over budget
Winston-Salem, NC$2,074  fits budget$2,746  over budget$2,696  over budget
Fort Wayne, IN$2,075  fits budget$2,675  over budget$2,690  over budget
Memphis, TN$2,075  fits budget$2,962  over budget$2,692  over budget
Oklahoma City, OK$2,075  fits budget$2,763  over budget$2,683  over budget
Jacksonville, NC$2,076  fits budget$3,032  over budget$2,698  over budget
Huntsville, AL$2,077  fits budget$2,963  over budget$2,701  over budget
Columbia, SC$2,080  fits budget$2,934  over budget$2,713  over budget
Greenville, SC$2,082  fits budget$2,911  over budget$2,714  over budget
Fayetteville, NC$2,090  fits budget$2,978  over budget$2,712  over budget
Columbus, GA$2,093  fits budget$2,812  over budget$2,721  over budget
Louisville, KY$2,096  fits budget$2,769  over budget$2,715  over budget

And 90 more of the 149 cities fit $2,500 a month for a single homeowner.

Frequently asked questions

Where can I retire on $2,500 a month?

At typical retiree spending, $2,500 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 42 states and 115 of 149 cities, including Little Rock, AR; Springfield, MO; Knoxville, TN and Fayetteville, 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 $2,500 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 $2,500 a month enough for a retired couple?

At lean spending, a couple needs more than $2,500 a month in every city we cover; the cheapest is Little Rock, AR at about $2,601.

How does $2,500 a month compare with Social Security?

The average retired worker received $2,088 a month from Social Security in August 2026 (SSA), so $2,500 is $412 more 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.