The Valley of the Sun is a perfect match for homeowners looking to downsize in their golden years, according to research from Mirador Living.

The assisted-living search platform analyzed Zillow data and found that Phoenix is the No. 6 city for seniors who stand to save big money by downsizing from a three-bedroom living space to a one-bedroom space.

Given the average price of a three-bedroom living space — $540,706 — downsizers in Phoenix stand to decrease their housing costs by 59.6% when selling and moving into one-bedroom spaces, which carry an average price of $219,541.

On the flip side, in a place like Oklahoma City, where the average three-bedroom home costs $225,625, one-bedroom homes are only 6.57% less expensive.

“Downsizing can be a complex decision, but understanding where it offers the greatest financial benefits can help retirees make informed choices for their next chapter,” Dharam Khalsa, CEO and co-founder of Mirador Living, said in a press release.