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5. California

When it comes to California, retiring comfortably on $85,893 per year depends on which location provides you with your essentials. California is in the top five of high-cost living and poses a significant tax burden, but for anyone looking for the lowest cost of living, El Centro may be the spot. Palm Desert and Palm Springs have a higher population of 65 and older, but if you want to live where there's a low property crime rate, Saratoga and Rancho Santa Margarita are better locations.

california palm springs desert Charles O'Rear / Getty Images

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