10 Cheapest Places to Retire in the U.S.

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