10 Cheapest Places to Retire in the U.S.

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Since the Great Recession has put a big dent in Baby Boomers' savings, the hottest spots for retirement are likely to be the ones where a dollar goes farthest. That's the thinking that motivated New Jersey-based financial planner Thomas C. Corley to compile "The Top 100 Cheapest Places to Retire in the U.S. in 2012."

In addition to factoring in lowest housing costs and property tax rates, Corley, who analyzed more than 3,000 towns for his book, weighed other quality-of-life factors like proximity to airports, hospitals, beaches and cities, along with ethnic diversity, crime rates and climate. Click through the gallery for a peek at real estate in the top 10 places to retire in the U.S.

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10 Cheapest Places to Retire
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10 Cheapest Places to Retire in the U.S.

Mean Housing Value: $63,000
Mean Property Taxes: $1,260
Sales Tax Rate: 7.75 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 84/55

Pictured left is a new traditional home for sale in Gregory, Texas, listed at a price above the town's mean home value. 

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Mean Housing Value: $141,000
Mean Property Taxes: $846
Sales Tax Rate: 6.5 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 81/58

Pictured left is a ranch home for sale in Holly Hill, Fla., listed at a price close to the town's mean home value. 

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Mean Housing Value: $160,000
Mean Property Taxes: $800
Sales Tax Rate: 7 percent
Max Income Tax Rate: 5 percent
Summer/Winter Temperature: 84/48

Pictured left is a ranch home for sale in Long Beach, Miss., listed at a price close to the town's mean home value. 

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Mean Housing Value: $103,000
Mean Property Taxes: $2,163
Sales Tax Rate: 8.25 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 84/55

Pictured left is a home for sale in Ingleside, Texas, listed at a price close to the town's mean home value. 

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Mean Housing Value: $49,000
Mean Property Taxes: $490
Sales Tax Rate: 6 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 84/66

Pictured left is a condo for sale in Pembroke Park, Fla. listed at a price close to the town's mean home value. 

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Mean Housing Value: $185,000
Mean Property Taxes: $1,850
Sales Tax Rate: 6 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 84/66

Pictured left is a three-bedroom for sale in Margate, Fla. listed at a price close to the town's mean home value. 

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Mean Housing Value: $153,000
Mean Property Taxes: $1,530
Sales Tax Rate: 7 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 82/60

Pictured left is a remodeled home for sale in Largo, Fla., listed at a price close the town's mean home value. 

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Mean Housing Value: $123,000
Mean Property Taxes: $2,583
Sales Tax Rate: 8 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 84/52

Pictured left is a traditional home for sale in La Porte, Texas, listed at a price close to the town's mean home value. 

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Mean Housing Value: $189,000
Mean Property Taxes: $1,134
Sales Tax Rate: 7 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 82/60

Pictured left is a single family home for sale in Port Saint Joe, Fla. listed at a price close to the town's mean home value. 

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Mean Housing Value: $61,000
Mean Property Taxes: $976
Sales Tax Rate: 8.25 percent
Max Income Tax Rate: 0 percent
Summer/Winter Temperature: 85/58

Pictured left is a home for sale in San Benito, Texas listed at a price close to the town's mean home value. 

See more homes for sale in San Benito, Texas.

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Watch the video below to see Corley discuss his book with DailyFinance's "Money and Happiness" columnist Laura Rowley.

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