5 Midwest Gems for Retirees

If retirement is on the horizon and you’re thinking about where to settle next, the Midwest might be just what you’re searching for. This often-overlooked region is popular among retirees for its blend of charming communities, affordable living, and natural beauty. The Midwest is full of under-the-radar towns and small cities that offer a great quality of life — without the high price tag. Here are five of our favorite Midwest gems for retirees.

Toledo, Ohio

Toledo is a midsize city that has a reputation for being welcoming and accessible. Affordability is a big draw here, with a median home price in Toledo that’s around $105,000, compared to the national average of $281,000. Plus, a low cost of living makes life easier for those on a fixed income. 

Health care is another major factor to consider, and this city of approximately 280,000 is home to 18 hospitals and primary care centers in the greater metro area, including four major acute care hospitals and the highly ranked ProMedica Toledo Hospital. And when it comes to staying active and entertained, Ohio’s fourth-largest city offers everything from museums and parks to sports events and hiking trails — plenty to keep retirees active, busy, and engaged.

Gregory, South Dakota

This small town in south-central South Dakota offers many of the qualities retirees look for: a slower pace, affordability, and a strong sense of community. With a population of just over 1,200 in town and around 4,000 in the surrounding county, it’s easy to get to know your neighbors in Gregory. There’s a nine-hole golf course, a beautiful park, and a bowling alley in town, and outdoor enthusiasts will appreciate being just 30 minutes from Lake Francis and the Missouri River, where boating, fishing, and other recreational activities are easily accessible. 

The median home price in Gregory is $105,600, well below the national average. On top of that, South Dakota is one of the few states with no state income tax, making it an attractive option for retirees on a fixed budget.

Bloomington, Indiana

For active retirees looking to stay and feel young at heart, Bloomington is certainly a city worth considering. As the home of Indiana University, the city has a vibrant college town energy and a year-round calendar of events, performances, and cultural activities. Bloomington takes pride in its thriving arts and culture scene, with local theaters, art museums, and plenty of live music at various venues. 

The city’s impressive culinary scene is another standout feature, with everything from food trucks and cafés to fine dining, breweries, and local wineries. For those who love the outdoors, Bloomington is located a few miles north of Monroe Lake, which offers hiking, boating, and fishing opportunities. For even more natural beauty, Hoosier National Forest, about an hour’s drive away, is known for its scenic trails and peaceful wilderness. 

Meanwhile, within the city, the art-dotted B-Line trail offers a paved biking and walking path that connects many of Bloomington’s neighborhoods and attractions. While home prices in Bloomington are higher than the Indiana state average, the median cost is around $348,000. 

Farmington, Missouri

Access to nature and overall affordability are two major advantages of retiring in Farmington, Missouri. With a population of around 18,000, Farmington offers a comfortable environment for retirees looking to settle into a new community and make new friends. The cost of living is approximately 22% below the national average, and the median home price, while slightly higher than the national average, is approximately $300,000. While there are Midwest cities with more affordable housing options, Farmington attracts retirees who value staying active, social, and close to nature. 

The Farmington OAKS Senior Center provides a hub for socializing and activities, including games, reading, computer access, and a variety of dance and exercise classes, supporting a strong senior community. For wine lovers, Farmington is part of the Route du Vin, a celebrated regional wine trail featuring a number of award-winning wineries and picturesque vineyards. This central Missouri city is also surrounded by outdoor recreation, with St. Joe State Park and Mark Twain National Forest to the west, Pickle Springs Natural Area to the east, and Buck Hill Conservation Area to the south, meaning a wooded trail or beautiful park is never far away. 

Bay City, Michigan

Located on the edge of Saginaw Bay, part of Lake Huron, this town of approximately 32,000 appeals to those who value access to water, natural beauty, and a historically charming city. Bay City features several marinas, a scenic Riverwalk that winds through multiple parks along the east side of town, and easy access to the sandy shores of Lake Huron. Boaters will feel right at home in this community, with ample opportunities for fishing, boating, and a variety of water sports. 

The eclectic atmosphere of downtown Bay City adds to its appeal for retirees, with its mix of waterfront dining, cozy coffee shops, antique stores, local boutiques, and welcoming taverns. Affordability is another big draw: The median home cost in Bay City is around $115,000, and the cost of living is 19% lower than the national average, making it easier for retirees to make the most of their savings.