AARP: Want to know where the TOP 5 (CHEAPEST) U.S. Cities for Retiring Are?

Given how many Baby Boomers are entering retirement with little to no savings, the Golden Years have become the Frugal Years for an entire generation of retirees. 

With that in mind, AARP The Magazine published a list this month of the best places to retire on $30,000 a year. Surveys show Boomers have not saved enough for retirement, and many rely solely on Social Security payments.

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Working on the premise that on average, people spend one-third of their income on housing, AARP asked a demographer to help identify cities where that would be both possible on $30,000 a year and enjoyable, says Gabrielle Redford, editorial project manager.

Daytona-Deltona-Ormond Beach: 

Retire on the beach on a budget. Here, the median home price is $108,900; you can grab tacos on Daytona's North Beach, and go fishing on the Atlantic.

Read the full story and find out the other 4 cities HERE.

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