Retirement brings forth visions of leisurely days and financial security, but the dream doesn’t have to be expensive. A new study has identified the best cheap place to retire in the United States: it’s none other than Knoxville, Tennessee. The city stands out due to its affordable cost of living, picturesque landscapes, and a community that’s both vibrant and friendly to seniors.

Knoxville offers a unique blend of Southern charm and modern amenities, along with an exceptionally low cost of living that’s roughly 18% below the national average. Housing costs, in particular, are a bargain, with median home prices significantly lower than what you’d find in most other parts of the country. This makes Knoxville an ideal spot for retirees looking to stretch their retirement savings.

Beyond its affordability, Knoxville provides a wealth of activities and options for retirees. Nestled in the Great Smoky Mountains, outdoor enthusiasts will find no shortage of walking trails, fishing spots, and natural beauty to explore. The city also boasts a thriving arts scene and dynamic cultural institutions like the Knoxville Museum of Art and the Tennessee Theatre.

The study also noted Knoxville’s accessible healthcare system and a plethora of senior services ranging from recreation centers designed for older adults to various volunteer opportunities that allow retirees to stay active and engaged in their community.

In combination with Tennessee’s tax-friendly stance on retirement income—no state income tax and no tax on Social Security benefits—Knoxville clearly shows how retiring comfortably does not necessitate a hefty pension or vast savings.

For those looking for an affordable retirement without compromising on lifestyle, culture, or access to quality services, Knoxville shines as the prime spot for golden years spent without financial pressure. It’s no wonder that this southern gem tops the list in this study as the best cheap place to retire.