Choosing where to retire represents one of the most significant decisions of your life, as it influences daily lifestyle routines, financial stability, healthcare options, and social connections. The location ranked number one for 2025 offers affordability, community spirit, and cultural richness. We’re talking about Winston-Salem, North Carolina, as identified by a recent study from Retirable.

The analysis highlighted 35 top US retirement destinations by evaluating housing, transportation, public services, recreational amenities, and tax benefits. In the following sections, we’ll explore why Winston-Salem emerged as the top choice for affordability and highlight other options in the country that offer financial benefits, cultural enrichment, and active lifestyles for retirees.

Why Winston-Salem is a top destination for retirees

Winston-Salem, North Carolina, stands out as an exceptionally affordable retreat for those entering retirement. With a cost of living approximately 7% below the national average, especially in housing, retirees can stretch their savings further and reduce financial stress.

The city’s balanced economic environment is underscored by an average income of $54,416 and a financial framework that makes everyday living more accessible. Although North Carolina applies taxes to pensions, IRAs, and 401(k) distributions, its state tax rating remains mixed, and projections indicate that the income tax rate will decrease to 3.99% by 2027.

Beyond financial advantages, the city features a walkable, buzzing downtown filled with art galleries, world-class museums, and lively festivals. With 14.6% of its 251,350 residents aged 65 and older, the local community is both welcoming and tuned to the needs of seniors, ensuring that opportunities for socialization and community engagement are abundant.

Complementing its economic and cultural appeal, the metro area is replete with scenic hiking trails, state parks, and recreational spaces that invite outdoor activity all year round. Mild weather conditions allow retirees to indulge in strolls, gardening, and other outdoor pursuits, while nearby healthcare facilities, historical landmarks, and an active arts scene complete the picture of a balanced, fulfilling retirement lifestyle.

Other affordable cities for retirees

Winston-Salem leads the pack, yet Retirable’s list also features several locations that offer excellent value and engaging lifestyles for retirees. Here are a few notable options:

Brownsville, Texas: Enjoy significant savings with a cost of living 15% below average. Texas has no state income tax, which ensures that Social Security, pensions, and retirement account withdrawals remain untaxed. You can experience a warm climate year-round, immerse yourself in diverse cultural influences from its proximity to Mexico, and explore attractions such as the Brownsville Museum of Fine Art.
Pittsburgh, Pennsylvania: Pennsylvania exempts all retirement income from state tax, providing a significant financial perk. The city experiences four distinct seasons and offers extensive healthcare facilities and a walkable and bike-friendly urban layout. Its overall cost of living is also 8% below the national average.
Casper, Wyoming: This is one of the country’s most tax-friendly environments, with no income tax and very low property taxes, along with a cost of living 14% below average. Casper boasts striking natural beauty, a moderate crime rate, and an engaging senior center scene.

These diverse cities demonstrate that you don’t need to compromise on culture, community, or quality of life to enjoy a financially sustainable retirement. Whether you gravitate toward mountain vistas or dynamic urban centers, there is a range of affordable options to support your priorities and enrich your retirement experience.