Where in Arizona can you retire with 500k in savings? The answer may surprise you

In a recent study by GoBankingRates, Kingman, Arizona, emerged as the only city from the state ranked among the top 50 affordable U. S. cities for retirees with $500,000 in savings, coming in at 16th place. Kingman boasts a livability score of 81 and an annual cost of living of $46,450, translating to a total retirement cost of approximately $448,418 over two decades. The ranking highlights a lack of representation for Arizona, as cities in Ohio and Florida occupied the majority of the top spots.

The study sourced data from various reputable entities, including the Census Bureau and the Bureau of Labor Statistics, to determine living expenses and retirement costs. While Arizona remains a popular destination for retirees due to its favorable climate and amenities, it is perceived as more expensive than other states. Tucson, Parker, and Lake Havasu City have also been recognized among the best places to retire in 2025, despite not making the top 10 for affordability. The findings underscore the ongoing challenge for retirees seeking affordable living in Arizona amidst rising costs. The publication's methodology involved analyzing cities with significant retiree populations and their associated living expenses.