These 8 charming communities offer lower living costs and plenty of small-town charm! Richmond has plenty of local shops where you can find unique items without big city prices. Photo credit: EmmmmhMuncie welcomes retirees with its small-city charm and very affordable living costs. Photo credit: WikipediaKokomo welcomes retirees with its friendly atmosphere and very affordable living costs. New Castle’s huge brick building watches over streets where living costs run 50% below national averages, a building with good news!