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Poured concrete is often the cheapest material for a retaining wall, costing around $6 to $8 per square foot. Other budget-friendly options include vinyl and landscaping timbers, which range from $10 to $15 per square foot; landscaping timbers are particularly well-suited for DIY projects. Untreated timber and railroad ties are a step up in price, starting at $15 to $25 per square foot. Natural stones can also be a cost-effective choice if you can source them from your own property, but they can be expensive to purchase. High-end materials like steel are typically the most expensive but offer superior durability and aesthetics.

Yes, you can use cinder blocks for many purposes, including retaining walls, foundations, garage walls, and fences. Building a cinder block retaining wall costs between $60 and $200 per linear foot, including materials and professional labor. For a 30-foot-long retaining wall, the cost ranges from $1,800 to $6,000.

Small retaining walls still require a foundation of some kind, typically a concrete footing. This helps to ensure the wall is structurally sound and prevents the ground from shifting over time, especially during those winter freeze/thaw cycles. The footing helps spread the weight of the wall and the load it carries over a larger area of the ground, thus assisting with stability. This is true of small retaining walls, larger rock garden walls, and the like. 

The lifespan of a retaining wall varies based on its material, installation quality, maintenance, and local climate, with an average range of 20 to 100 years. Retaining walls made from durable materials like concrete, stone, and brick generally last a minimum of 50 years. Concrete walls typically last between 50 and 100 years, while brick can last for over a century in ideal conditions. Timber retaining walls can last from 20 to 40 years, depending on the wood quality, and pressure-treated wood walls average around 30 years. It is important to note that a retaining wall can fail prematurely if it was poorly constructed, for example, with inefficient footings or without necessary rebar reinforcements.