The 15 best states to retire for a low cost of living in your golden years

Iowa's low costs of living aren't the only thing that appeal to seniors. Low home prices and a quarter of the population over age 60 also make this state ideal.

Cost of living index: 92.1

Percent of population aged 60 and older: 25.5%

Average property price: $173,561

Kentucky has slightly lower average property prices than Iowa, and other costs are slightly lower in the Bluegrass state as well.

Cost of living index: 91.7

Percent of population aged 60 and older: 21.4%

Average property price: $168,902

Popular with retirees, Texas is also affordable. However, average property prices are higher here than many other places on this list.

Cost of living index: 91.5

Percent of population aged 60 and older: 16.8%

Average property price: $211,441

New Mexico is ideal for retirees thanks to its relatively warm climate and affordable costs of living.

Cost of living index: 91.4

Percent of population aged 60 and older: 22.1%

Average property price: $213,491

Georgia's relatively low cost of living and overall affordability makes it a pretty good place to retire, though the average home is more expensive than many of the other states on this list.

Cost of living index: 91.4

Percent of population aged 60 and older: 22.1%

Average property price: $213,491

Indiana can help your retirement dollars go further. With low average prices, buying a home is within reach in this state.

Cost of living index: 90.5

Percent of population aged 60 and older: 20.7%

Average property price: $167,504

With affordable living and homes, Kansas has lots of opportunities to make your retirement money last.

Cost of living index: 89.6

Percent of population aged 60 and older: 20.7%

Average property price: $177,194

Michigan is fairly affordable for anyone retiring soon. With a cost of living index below 90, fairly affordable home prices, and no shortage of summer activities, this state is ideal for retirement.

Cost of living index: 89.5

Percent of population aged 60 and older: 20.7%

Average property price: $178,219

Alabama's affordable living costs and relatively cheap homes make it a more budget-friendly alternative to more-expensive Florida.

Cost of living index: 89.2

Percent of population aged 60 and older: 22%

Average property price: $175,256

Tennessee's affordability and natural beauty makes this state perfect for retirees who want mountains nearby, without the higher costs of living in western states like Colorado or Washington.

Cost of living index: 88.9

Percent of population aged 60 and older: 21.5%

Average property price: $203,449

Missouri offers fairly affordable living, and a variety of environments from rural to urban.

Cost of living index: 88.3

Percent of population aged 60 and older: 22%

Average property price: $187,682

Arkansas's costs of living are pretty low, and an index well below 90 helps this state take one of the top three spots.

Cost of living index: 87.7

Percent of population aged 60 and older: 22%

Average property price: $157,514

Oklahoma is the second-most affordable state for retirement according to this data, from home prices to overall costs of living.

Cost of living index: 87.2

Percent of population aged 60 and older: 20.5%

Average property price: $165,943

Mississippi takes the top spot for affordability, with the average home price under $150,000 and low costs of living all around. Retirees will see their money go much further here than it would in other states.

Cost of living index: 86.7

Percent of population aged 60 and older: 20.6%

Average property price: $147,408

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