Knoxville is one of the

Best places to retire with a modest income.  So is Columbia, South Carolina and Louisville, Kentucky. From U.S. News and World Report.

Best Places to Retire for Under $40,000
Knoxville, Tenn. 
The typical resident age 60 or older with a mortgage in Knoxville pays a median of $1,060 per month. For those without a mortgage, the median housing cost declines to just $347 monthly. And retiree renters pay a median of $625 per month. This city has a rich arts and music community as well as plenty of outdoor attractions, including 65 miles of greenway trails, more than 80 parks—among them the Ijams Nature Center—and is about an hour's drive from Great Smoky Mountains National Park. Knoxville is home to the University of Tennessee and the headquarters of Regal Entertainment Group, where senior citizens qualify for a small discount on movie tickets and AARP members can get deals on soft drink and popcorn combos.


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