9. Pensacola, Florida
Population: 488,246
Share of population age 60-plus: 23 percent
Median monthly mortgage cost: $1,305
Median monthly rent: $1,015
Pensacola could be marketed as a great place to retire on a budget. Two of the most popular beaches include Perdido Key and Pensacola Beach. Those who love wildlife will have opportunities to see plenty – dolphins and sea turtles are plentiful here. In addition, those who love history will love exploring military forts at the Gulf Islands National Seashore. Pensacola offers all the fun of living on the beach, but it is far enough inland that its quite people-pleasing.
