If you were born in 1960 or later, your full retirement age is 67. According to the Social Security Administration, in order to receive 100% of your retirement benefit  you have to wait until you are 67. You can start collecting earlier but the amount you will receive would be less than 100%.

Now that we know when you can retire we need to figure out where to retire. Money will be tight so it should be somewhere inexpensive. These 2 places in New York are considered among the Most Affordable Places to Retire In America.

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Go Banking Rates recently analyzed the 100 biggest cities in America based on retirement income needed to cover basic living costs. This information was one piece used to narrow it down to the 50 Most Affordable Places to Retire in America.

Before we get to the 2 most affordable places to retire in New York, here are the Top 5 places in America;

  1. Toledo, Ohio
  2. Cleveland, Ohio
  3. Memphis, Tennessee
  4. Fort Wayne, Indiana
  5. Lubbock, Texas
518 News, most affordable places in America to retire, Buffalo, Rochester New York
Photo by alif assis on Unsplash
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BUFFALO, NEW YORK is the 22nd most affordable place in America to retire based on, among other things, cost of living and housing costs below the National average. Also, admission into the Bills Mafia is free.

ROCHESTER, NEW YORK is the 12th most affordable place in America to retire based on, among other things, total annual expenditures and the senior population being more than 14%. Also, you can drive to Canada in 3 hours.

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