13 Charming Southern Cities Where You Can Retire on $1,300 a Month (Or Less)

One of the most impactful money moves for homeowners planning for retirement is choosing a city where you can retire on a monthly housing budget that's well under your monthly fixed income. That leaves you leftover money for eating well, enjoying your hobbies, and maybe even planning a vacation every year.

Want to start planning your golden years getaway? FinanceBuzz looked at 180 cities across the U.S. and evaluated them based on affordability. Here are the 13 best cities in the South to retire on a budget of $1,300 or less.

Median monthly mortgage: $1,250

Located in Northeast Tennessee, Johnson City is a town in the Appalachian Mountains that's popular with retirees for its outdoor recreation, stunning natural landscape, small-town charm, and stellar health care.

The cost of living is around 15% lower than the national average, so not only will you enjoy low mortgage costs according to the FinanceBuzz study, but you'll also save across the board on food, transportation, and more.

Median monthly mortgage: $1,390

Want to stay active in retirement? Head to Gadsden, where you can spend your days biking, hiking, golfing, kayaking on the Coosa River, or even rock climbing should you decide you want to embrace your adventurous side.

While housing is by far the lowest below-average cost in Gadsden, the overall cost of living is also low, coming in 20% less than the national average.

Median monthly mortgage: $1,267

Dothan has a small-town, community feel where everyone knows everyone — and that's the kind of connection that many look for in retirement. If health care access is top of mind for your retirement, Dothan also has you covered. According to the FinanceBuzz study, the city has over 3,000 health care practitioners per 100,000 people.

The cost of living is 19.6% lower than the national average in Dothan, where even groceries come in lower than what you'll find throughout the rest of the country.

Median monthly mortgage: $1,348

If you enjoy shopping in your spare time, Florence could fit your retirement lifestyle. This small city boasts several big malls where you can find gifts for all of your grandkids (and yourself). It's also close to Myrtle Beach, where you can take a dip in the saltwater or a stroll along the boardwalk.

The cost of living in Florence is 10.9% lower than in the state of South Carolina and 20.4% lower than the national average.

Median monthly mortgage: $1,431

For a quiet, rural-meets-suburban lifestyle with good Southern food and a simple way of life, Monroe is a solid spot. There's also a small art district for those who enjoy engaging with history and culture.

Life is affordable in Monroe. The cost of living is 8% lower than the Louisiana average and 15.7% lower than the national average.

Median monthly mortgage: $1,407

You'll find it all in Hot Springs: a mild climate, hospitals, gorgeous landscapes, and, of course, natural hot springs. There's also a vibrant arts community and a fabulous golf scene. In fact, there are 23 golf courses per 100,000 people, which beats the average across 180 different cities the FinanceBuzz team analyzed.

Median monthly mortgage: $1,209

From Panther Creek State Park to the Millstone Golf Course, Morristown is a great place to be if you're looking for a fun and active retirement. Nearby attractions also include Dollywood, a great reason for the grandkids to visit.

Life in Morristown is 13.6% less expensive than the national average. The cost of living is also 8.3% lower than the Tennessee average.

Median monthly mortgage: $1,336

From venturing out on the water at Belmont Lake Preserve to easy access to Chapel Hill, Durham, and Raleigh, Rocky Mount is a wonderful place for those looking to make the most of their golden years.

The cost of living is 19.3% lower than the national average, so you'll be sitting pretty even after your mortgage has been paid.

Median monthly mortgage: $1,380

Whether you want to bike around Haig Mill Lake Park, take in the scenic views of the Blue Ridge Mountains, or enjoy the small-town charm at the Prater's Mill County Fair, there are few places as idyllic to retire as Dalton.

The cost of living in Dalton is 16.3% lower than the national average, which makes life in the Blue Ridge Mountains more affordable.

Median monthly mortgage: $1,453

Enjoy the tax-friendly benefits of the Sunshine State and find yourself basking in a lakefront retirement in Sebring. This town on Lake Jackson boasts a population that's over 30% seniors.

You'll also enjoy an affordable overall cost of living in Sebring, including a cost of living that's 17% lower than the national average.

Median monthly mortgage: $1,337

Find your home along the Ohio River in Owensboro, where you can enjoy an abundance of parks, bustling festivals, and a great health care system.

While Owensboro's cost of living is about on par with the Kentucky average, it's 18.3% lower than the national average.

Median monthly mortgage: $1,471

Spend your golden years in Goldsboro. This small North Carolina town has a rich history and a welcoming downtown that's full of shops and restaurants. There are also annual community festivals like Street James.

In Goldsboro, you'll enjoy a cost of living that's 17.8% lower than the national average and about 9.7% lower than the North Carolina average.

Median monthly mortgage: $1,267

Decatur is a bustling small town that has a rich arts scene and an active outdoor recreation community. It's the perfect place for those who aren't necessarily looking to slow down but, instead, want to embrace a more joyful way of life.

The cost of living in Decatur is 16.9% lower than the national average, though it's pretty much on par with the average for the state of Alabama.

AARP reports that about 14% of seniors move to a different state for retirement. If you want to stretch your retirement dollars further during a move, you should look beyond the housing costs.

There are other financial decisions that will impact your budget in a location, including how Social Security is taxed, the cost of health care, grocery costs, and the overall cost of living.

Looking at the full financial picture before making a decision will impact your ability to live out your golden years comfortably.