Tennessee And Texas Have The Best Cities For An Early Retirement

Based on cost of living, quality of life, and job opportunities, Knoxville, Tenn., is the place to be for people who are looking to hang it up.

Through research from MagnifyMoney, a price comparison website, CNBC named the 10 best cities for an early retirement. Knoxville ranked first, and two other Tennessee cities (Memphis and Cleveland) made the cut. Texas also had three cities (Sherman, Wichita Falls, and McAllen) on the list.

"We were searching for cities that are not only low cost, but walkable and have arts and entertainment options," said Mandi Woodruff, MagnifyMoney's executive editor who helped compile the list. "Cities also had to have access to employment opportunities in case early retirees wanted to go back to work."

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