When it comes to retirement, living off just your Social Security benefits may not be enough. That's why it's crucial to understand the expenses you'll face each month in your chosen retirement destination. Exploring Retirement Costs: GOBankingRates conducted a thorough review of retirement hubs nationwide, evaluating key factors such as the proportion of residents aged 65 and above, the overall cost of living, and average monthly mortgage expenses. By subtracting the average monthly Social Security benefit of $1,866 for a single retiree aged 65 and older from the total expenses, you can determine the additional funds needed beyond your benefits. Discover which retirement hubs align with your financial plan by comparing the average monthly expenditure in these top 25 locations to make an informed decision.