• Social Security
  • Whatsapp
  • Mobile
  • Retirement
  • Fast & Furious 10
  • Social Security
Wednesday, May 25, 2022
Trends, wellness and entertainment news
  • Home
  • Lifestyle
  • Health
  • Viral
  • Tech
No Result
View All Result
  • Home
  • Lifestyle
  • Health
  • Viral
  • Tech
No Result
View All Result
Trends, wellness and entertainment news
No Result
View All Result

These are the 5 states where it is hard to live on a social security check

There are a lot of reasons not to live in this States if you only have the money from Security Social check

TD Editorial by TD Editorial
03/05/2022 10:52
in Viral
Having only your social security check will not help you to live in these places

Having only your social security check will not help you to live in these places

ADVERTISEMENT

Social Security Schedule: When June 2022 benefits will be paid

What are the 7 states that receive the most from Social Security?

Social Security needs to pay an increase of $540 today to be the same as in 2000

BANNER CLIC

The average monthly Social Security retirement benefit payment is $1,613.77. This amount of money is insufficient to make a good living in most states, and that is not what this check is intended for. It is necessary to have an extra job to be able to live with peace of mind. However, not everyone is able to have another job, for a variety of reasons.

ADVERTISEMENT

Therefore, living with the only the money from social security may be possible in the 35 cheapest States, but there are 5 States where it is very difficult to live on this amount of money. Let’s look at those states below. The order of this list is ascending, so let’s start with the cheapest of them all.

New Jersey

In New Jersey you need more than your social security check to live
In New Jersey you need more than your social security check to live

This state is the cheapest on this list, but that doesn’t mean it has a low price. Paying rent for the month will cost us on average $1,490, so it is not affordable for the average person whose only payment is social security.

ADVERTISEMENT

Massachusetts

Massachusetts
Massachusetts

One of the highlights of this state is that not only is housing expensive, but it is also very expensive to shop for food and everyday essentials. The average rent is about $1,380 per month for a room.

New York

You need more than your social security money to live in New York
You need more than your social security money to live in New York

The most cosmopolitan city in the world is not for people who only have a social security check in their retirement. The price of renting a room per month is at least 1,588 dollars, so it is impossible for an average person to live in these conditions.

California

California
California

Although not at the top of this list, California is very close to it. More often than not, people collecting money from their Social Security check alone will not be able to live in the State of California due to high housing prices. Renting a room in this state costs $1,652 per month.

Hawaii

Hawaii is an impossible place to live with just your social security money
Hawaii is an impossible place to live with just your social security money

Without a doubt, Hawaii is the most expensive of all these options. The typical house in this area can cost anywhere from $700,000 to $1 million, so it is impossible to retire on just a social security check. The average price of a room for rent is around $1,706.

Tags: Social Security

Related Posts

Learn how to avoid taxes in Social Security
Viral

Social Security Schedule: When June 2022 benefits will be paid

by TD Editorial
24/05/2022
0

In April, the consumer price index for all urban consumers (CPI-U) rose 0.3% over the past 12 months and the...

Read more
Social Security top city
Viral

What are the 7 states that receive the most from Social Security?

by TD Editorial
24/05/2022
0

Social Security benefits are paid according to a complex formula that takes into account how much the taxpayer has earned...

Read more
Learn how to avoid taxes in Social Security
Viral

Social Security needs to pay an increase of $540 today to be the same as in 2000

by TD Editorial
24/05/2022
0

This year's adjustment in the cost of Social Security (COLA) is not enough to increase the purchasing power of seniors....

Read more
ADVERTISEMENT
  • About us
  • Legal Notice
  • Privacy Policy & Cookies
  • Viral News

© 2021 Tododisca - Health & Lifestyle News

No Result
View All Result
  • Home
  • Lifestyle
  • Health
  • Viral
  • Tech

© 2021 Tododisca - Health & Lifestyle News