3 Places To Retire That Are Just Like Massachusetts but Way Cheaper

Perhaps, in your retirement planning , you’ve thought about moving to a New England state like Massachusetts. The region is known for offering a good quality of life for retirees — including good healthcare and plenty of things to do.

Check Out: 16 Best Places To Retire in the US That Feel Like Europe

Read Next: 7 Common Debt Scenarios That Could Impact Your Retirement — and How To Handle Them

However, Massachusetts may be out of the budget range for many retirees. In fact, according to MoneyTalksNews and WalletHub, “it also has nearly the highest adjusted cost of living” in the country.

So, if you’re looking for a similar place to retire, but without the higher cost of living, here are some other states to consider:

Sponsored: Protect Your Wealth With A Gold IRA. Take advantage of the timeless appeal of gold in a Gold IRA recommended by Sean Hannity.

1. West Virginia

Have you heard about the affordability of West Virginia for retirees? According to Lending Tree , it’s the most affordable state to retire in.

Not only may you find some of the great quality of life aspects of Massachusetts in West Virginia, but you’ll do it for a lot less. A retiree in West Virginia is likely to spend about $2,782 per month or $33,388 per year. That’s far less than the most expensive states where it’s closer to over $50,000 per year.

2. Pennsylvania

The Keystone State may be a good destination with a quality of life similar to Massachusetts, but with a more affordable price tag. In fact, the annual cost of retirement is about $41,000.

Learn More: 7 Places To Retire That Are Similar to Europe but Way Cheaper

You’ll also find plenty to do in the state. According to PODS , “Aside from its lively culture and historical roots, Pennsylvania also offers a number of benefits for retirees, in particular, including a lack of taxes on retirement income and access to quality healthcare.”

3. Vermont

If you want to stick with New England, but want a cheaper place than Massachusetts, check out Vermont. It’s been ranked among the best states for retirement in the United States — thanks to lower costs and higher quality of life for seniors. The annual cost of retirement in Vermont is about $43,000.

This article originally appeared on GOBankingRates.com : 3 Places To Retire That Are Just Like Massachusetts but Way Cheaper