The cheapest state to retire in will have a systematic advantage of some kind. Reducing a regular expense relieves a budget much more than the occasional instance of sacrifice. A faucet that drips at a constant rate will fill up the sink, quickly. Depending on the personal preferences and lifestyle of the individual, the amount saved in a given area will vary. The solution to finding the cheapest state to retire in is to determine exactly how much of the lifestyle and personal preferences can be sacrificed and start there.
If there is much travel involved in the daily routine, the cheapest state to retire in is one that is near the oil production areas of the Gulf of Mexico where fuel is cheaper. This is the heart of the nation's fuel producing areas, and the residents have access to some of the cheapest fuel on the market. It happens that the warm, sunny weather allows a regular savings in heating costs, as well.
Warm weather reduces the amount that must be expended to heat a home, although, some of tropical areas are so hot and humid that they are unbearable to some people. Likewise, the coldest parts of the north are unbearable to many people that seek warmer climates in which to retire. The savings in heating and cooling expenses will be considerable in an area that is most similar to the preferences of the individual.
For those that feel that they would expend too much in cooling costs in the warmer parts, the best area might be in cooler areas more to the north. Most gulf states extend far up into the more mountainous region, which still may not be cool enough to require much more heat. If cool weather is desired, maybe a state further north would be cheaper to maintain. The mountains and foothills found when traveling north from the gulf offer cooler climatic conditions, but the further from the gulf, the more fuel prices increase.
To determine the cheapest state to retire in is important on an individual basis and will differ for everyone, but it is no secret why so many people choose the south. The savings that are possible in heating expenses alone bring this area to the top of the list. For those that like it hot, areas in the south will be cheaper than other areas, and the fuel is cheaper for those that like to drive.
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