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Home›Real Estate›7 Cities Where You Can Retire on $2K a Month and Still Enjoy All 4 Seasons

7 Cities Where You Can Retire on $2K a Month and Still Enjoy All 4 Seasons

By Our Editorial Team  |  Published September 7, 2026

Expert Verified

Our editorial team verifies all financial and lifestyle information for accuracy and relevance to senior living.

An older woman sits on a green park bench reading a book along a paved riverfront path lined with brick buildings.
Illinois completely exempts Social Security, 401(k) withdrawals, and traditional pension payments from state income taxes for retirees in Peoria.

5. Peoria, Illinois: Riverfront Culture with Total Pension Exemptions

Peoria provides classic river city living in central Illinois at a remarkably low baseline cost. Housing costs sit roughly 20% below national levels.

One-bedroom rents in Peoria generally range between $800 and $880 per month. Quality rental units line quiet residential pockets as well as walkable historic districts.

Illinois offers one of the most generous retirement tax policies in the entire country. The state completely exempts Social Security, 401(k) withdrawals, and traditional pension payments from state income taxes.

The city experiences the full Midwestern weather spectrum. Expect warm summers near the Illinois River, colorful autumns, and winter snowfalls averaging around 25 inches.

The Peoria Riverfront Museum and extensive regional hospital networks like OSF Saint Francis provide high-level cultural and medical amenities right at your doorstep.

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8 responses to “7 Cities Where You Can Retire on $2K a Month and Still Enjoy All 4 Seasons”

  1. Rebecca Thomas says:
    October 3, 2026 at 8:07 pm

    Where’s the states/ cities where seniors can retire safely without homelessness and robbery and get government assistance/benefits like in California?

    Reply
    • Mike says:
      October 12, 2026 at 5:06 pm

      Williams Arizona

      Reply
  2. Rick Purdy says:
    October 7, 2026 at 1:36 am

    Excellent advice

    Reply
  3. David Hudson says:
    October 10, 2026 at 9:15 pm

    I’m interested in a safe State where there is no crime and there is deep respect for law and order ( respect for the police and ICE and Military personnel ).

    Reply
    • Roy Sonne says:
      October 11, 2026 at 5:23 pm

      North Korea

      Reply
    • Mike says:
      October 12, 2026 at 5:07 pm

      Williams Arizona, lots of us Retired LEOs here

      Reply
  4. David Taft says:
    October 12, 2026 at 4:50 pm

    I notice that all 7 places that you mentioned are in the mid-west or on the East Coast. Could you please give a similar assessment of the cheapest places for seniors to live in the west. There may not be any under $2,000.00 a month so you may have to move the bar up some what, but still give us the cheapest that you find. Thank you

    Reply
  5. Edralin Rama says:
    October 13, 2026 at 7:06 pm

    Philippines is still the best place to retire

    Reply

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