Cheaper Cities, Bigger Bills: The Hidden Costs of Retirement Relocation When retirees flee high cost cities for allegedly more affordable destinations, they often bring a naive assumption along: that their bank accounts will magically expand to match their new surroundings.
But as thousands of Americans have discovered the hard way, "cheaper" is not always what it seems.
According to recent Bureau of Labor Statistics data, the average retiree household in the US shells out around $60,000 annually.