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Morgantown, Roanoke among top 10 retirement cities

Monday - 10/22/2012, 2:27pm  ET

MORGANTOWN, W.Va. - AARP ranks Morgantown and Roanoke, Va., among the Best Places to Live on $100 a Day.

Also on the list of most affordable places to retire this year are: Pittsburgh; ; Eau Claire, Wis.; Gainesville, Fla.; Grand Junction, Colo.; Las Cruces, N.M.; Omaha, Neb.; San Antonio, Texas; and Spokane, Wash.

AARP says it started with a theoretical income of $36,500, or $100 a day. After taxes at 25 percent, that leaves $27,375.

AARP then used a median housing cost of $192,000, or a monthly mortgage of $719 a month.

That leaves a retiree about $1,562 a month for everything else.

It started with a list of 200 cities then pared it to 10 by focusing on quality of life components such as arts and culture, colleges and restaurants.

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Online:

AARP: http://bit.ly/NHme4G


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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