Although living on Social Security benefits alone is not recommended, some people in the United States have no other choice. Therefore, knowing the best places to live on this source of income can be very helpful.
If you are thinking of moving to California, you should know that there are some places that are better than others if you are thinking of living on Social Security alone. This is not to say that it is exclusive to living on this benefit, but it does mean that we can live better if we have only a retirement check.
Regardless of what our goal is, discovering these places can be a great advantage for our retirement. Not all Americans can afford to live in California, but if we take a good look at the places we may have less trouble doing so.
Take a good look at each of the places on this list and see if they are to your liking. If so, you can spend your time collecting your Social Securitycheck as your only source of income and live in them as well as possible.
4 BEST PLACES IN CALIFORNIA TO LIVE ON SOCIAL SECURITY ALONE
In order to determine the best places we are going to look at three key aspects. On the one hand, the monthly rent expense. On the other hand, the monthly cost of living. Finally, the level of livability. These three elements have been analyzed by GoBankingRates and thanks to all these data we can determine these best places.
The list for these places to live with only Social Security is in ascending order, so the last city listed is the best for this option.
With an average monthly rent of $1,708 and a monthly total cost of living of $3,111, Visalia is certainly a good option for living in California on just a Social Securitycheck. On top of that, livability is 71 points, which increases this consideration.
As for the monthly food expenses, it is possible that the payment will be around $350. A more than assumable price considering that we are in one of the best places in the United States.
The usual monthly price in this place is $3,164. On top of that, the average rent is about $1,900, so it is totally affordable for a couple living only on a Social Security check.
The livability is 73 points, which makes for a good standard of living. On top of that, the place is very well located and connected to hundreds of surrounding places. Without a doubt, Hanford is a great choice to live in our retirement.
The average monthly rent in Chico is $1,626. On the other hand, the monthly total cost of living is $3,078. Still, the livability of 72 makes it worth the effort. It is a good place to live with retirement as a source of income.
The best place on this list to spend our retirement with Social Security as the only source of income is Redding. Here we find an average monthly rent of $1,525 and a monthly total cost of living of $2,987.
To that we have to add that the livability is 75 points, which is very high for any city in the United States. So we have no excuse to look at that and any of the other places if we want to live as a couple with Social Security as our only source of income.