Looking for affordable living in retirement – look no further than Akron, Ohio.
Akron is top billing for best places for retirees to live on less than $75 dollars a day.
To find places where retirees can live well on less than $75 per day, U.S. News analyzed recently released 2012 Census Bureau data. We looked for places where people age 60 and older spend the least on housing, including rent, mortgage payments and other housing costs, and places where retirees spends less than a third of their income on housing. Among the most affordable cities, we selected places with amenities retirees will need, such as medical facilities, services for seniors and recreation options.
Once known for its rubber production, Akron is now home to the world’s largest concentration of polymer research and development, thanks to The University of Akron’s College of Polymer Science and Polymer Engineering.
Seniors can get discounts to the Akron Art Museum and Akron Symphony Orchestra, or enjoy the 6,600 acres of metropolitan parks for free. The Akron General Medical Center and Summa Akron City and St. Thomas Hospitals are ranked as high-performing medical centers in a variety of specialties including geriatrics. These amenities are coupled with low housing costs. People age 60 and older pay a median of $1,087 per month with a mortgage, $646 in monthly rent or $420 per month if they own their homes debt free.
See: The Best Places to Retire on $75 a Day. Check out some of the other options they recommend.