Five cheapest places to retire revealed – and three are in the same state

Texas is already an attractive alternative due to its tax-friendly policies – as it (along with Florida) is one of the nine states that have no state income tax.

It does not tax Social Security, pensions, or retirement account withdrawals either.

Data from AmeriSave estimates that retirees could save anywhere from $6,000 to $100,000 annually in Texas just from the tax policies.

In the list of cheapest places to retire in the US from US News & World Report, Texas has three cities in the top five.

Eagle Pass, just over a two-hour drive southwest of San Antonio, located near the US/Mexico border, nabbed the number-one spot.

The city has a total population of nearly 29,000 with a median age of 30.