14. Memphis, Tenn.
Annual Healthcare Spending Per Capita: $4,644
Annual Out-of-Pocket Spending Per Capita: $864
Income of Age 65+ Households: $35,145
Seniors in Memphis are earning significantly less than seniors in many of the other cities included here, and with healthcare costs still on the higher end, they can expect to spend over 13 percent of their annual income on medical costs — among the higher rates of the cities included here. The good news for Memphis residents is that — with average costs on the low side — it’s one of the cities where $1 million lasts the longest in retirement.