Every person retiring in the United States makes a very important decision. Applying for a Social Security retirement benefit is not an easy step. This step is even more important if you don’t yet know where you would like to spend your former working days. When you stop working, you can collect Social Security, but the monthly amount will make you able to afford one kind of apartment to live in or another.
That’s why it’s important to find out the best places to live when you retire. Social Security can pay you a benefit of $2,000 or more per month if you qualify, so today we are going to show you the 5 best places to live with that amount of money per month. Thanks to this information you will be able to decide if it is worth the move for you or not.
The 5 best cities in the South to live with $2,000 of Social Security money
Next we are going to list the 5 best cities to live in the southern United States with only $2,000 a month. We’re going to look at the worst on the list to the best, so you can prepare your Social Security check and make a better decision:
5. Abilene, Texas
This Texas city has the going rental price for a one-bedroom apartment at just $771.17. This price is updated to the year 2022. The livability level is 75, which means it is quite high. As for grocery shopping, Abilene can cost around $378.47 per month on average, which makes you pay more or less $4,541.70 per year on average. On the other hand, the healthcare payment averages about $446.95. The average expense, therefore, is about $1,596 per month.
4. Shreveport, Louisiana
The fourth number on this list to live with $2,000 Social Security is Sherveport, Louisiana. For renting a one-bedroom apartment, in this city the median price in 2022 is $799.67. Livability is a bit lower than the previous city at 65, though not bad. As for the monthly grocery costs we have on average $374.77. On the other hand, medical costs can average $393.88 per month. This brings the monthly total to $1,568.32.
3. Killeen, Texas
Another Texas city enters this list of the best places to live on Social Security. This time the single room costs about $760.33 per month. Livability is 67, so that’s not bad either. On the other hand, the average grocery shopping expense is $375.59. On top of that, medical expenses can reach $421.06. The total amount for this city is $1,556.99 per month.
2. Midland, Texas
In Texas we also find the second city on the list. To rent a room in Midland we have to pay $713.67 per month. The livability goes up to 72, which is quite high. On the other hand, the food shopping expense is $400.30 per month. The last of the thoughtful expenses is a mere $436.59 and that is for medical expenses. The total makes $1,550 per month, a pretty good price for Social Security recipients looking for a good place to live.
1. Lake Charles, Louisiana
Finally, Louisiana is back on the list to present the best city to live in with only $2,000 in Social Security. In this city you can pay $722.67 to rent a double room. In addition, livability is very high at $70. Monthly grocery shopping can be around $382.59 and medical expenses increase to $419.77. The total in this city can be around $1,525.03 per month.