Columbus is one of the best cities to retire on a budget of $1,000 a month, a previous GOBankingRates study found. The city has affordable housing for people on a fixed income: The median home price is $105,800, and values are stable, increasing about 4 percent year over year. Rent prices are also affordable, with a median cost of $896 per month, increasing less than 1 percent year over year.
Hilo’s median home value rose less than 1 percent year over year, but its current level is already $336,900. That is the second-highest home value in the study. And rents increased by much more in the last year, about 12 percent to $1,685.
However, the city is the best place for people on a fixed income to live in Hawaii because it’s affordable compared with the state as a whole: The statewide median home value is $628,600, and values increased about 7 percent year over year, according to Zillow.
In Twin Falls, home values increased about 6 percent in the last year, while rent increased about 4.5 percent. The median home value is now $158,200, which is $49,400 less than the national median.