If you want to have a good time collecting Social Security retirement in the United States, these States may be perfect for you.
You don’t need to have the highest retirement of $4,194 to live in these places. It is enough to collect the average Social Security benefit of $1666 per month to enjoy a good rest in these lands.
For that reason, these are the 5 best states where you can spend your golden age of rest. Plus, you won’t need any extra income to pay for all the monthly expenses. The ranking is based on data provided by GoBankingRates.
Top 5 Best States to Live on Social Security Alone
Kansas: The state of Kansas is one of the best places to live on Social Security alone. In addition to having a very low price on the average rent, all other expenses are also very low.
- Average Rent: $797
- Ranking in average price: 85.4
Alabama: Despite not having the cheapest rent, in Alabama you can live well on just the Social Security payment. The median price of expenses in Alabama is 12% lower than in the rest of the country.
- Average Rent: $795
- Ranking in median price: 87.5
Mississippi: This state doesn’t have the cheapest rent, but the other expenses make up for it. Despite this, living on just a Social Security check is entirely possible in Mississippi.
- Average Rent: $782
- Ranking in median price: 83.1
Arkansas: By a very small margin, Arkansas is the cheapest place on the list for rent. It is a good place to live because of the cultural scene it offers. Ideal for all Social Security retirees who want to enjoy their retirement without paying a lot of money.
- Average Rent: $700
- Average Price Ranking: 89.9
Iowa: It is normal that more than 17% of Iowans are over 65 years old. It’s a city that doesn’t need a very high budget. Rent and all other payments can be covered with no problem with the Social Security benefit.
- Average Rent: $701
- Average Price Ranking: 88.1