03/30/2014 07:57 am ET Updated Apr 01, 2014

10 Places To Buy A Retirement Home For Under $150,000

Moving to a city where housing costs significantly less than where you live now can give your nest egg a quick and significant boost. It’s even better if the new city has plenty of amenities and recreation opportunities for retirees.

CORRECTION: A previous version of this article mistakenly said that Las Cruces, New Mexico is the home of the University of New Mexico. It's actually the home of New Mexico State University.

Also on U.S. News & World Report:

The 10 Best Places for Single Boomers to Retire

Best Places to Retire for Under $40,000

The Hidden Costs of Medicare

7 Questions To Ask Before You Pick A Retirement Community