For most retirees in the United States, getting a very high Social Security benefit is quite difficult. The requirements to get the maximum $4,194 per month are very specific, although it is doable. Since not everyone can reach that figure, it is more common for the benefit to be almost $2,000 and no higher. In the case of a couple, this figure may increase a little more.
If you want to know which are the best three places to live with this amount of Social Security per month, this list will benefit you. And it doesn’t matter if your idea is to enjoy retirement alone or as a couple, since the rent of the house will have the same price and the only thing that will increase will be the expenses for food, medicines, etc.
The best three places to live with $2,000 of Social Security per month
Within this aspect we are going to consider three different elements. The first is livability. With a high livability score, the city will be better for its inhabitants regardless of whether they live on a Social Security benefit or not. The second of these elements is housing affordability. And the third element is the price of everything else such as food, medicine and other services. All these data collected according to GoBankingRates.
El Paso
This city is located in the State of Texas. If you live on just your $2,000 Social Security you will have no problem enjoying this place.
With a high livability of 74 points and a median price of just over $1,500 in total monthly expenses, the option is highly recommended. Monthly rent is just $800 on average, so you can live here on this budget per month.
Lubbock
Within the same state as the previous one, in Texas, we find Lubbock. This city is one of the cheapest to live in, as the average rent is just $690 per month.
This makes it ideal for living on a Social Security of $2,000 per month. The other two elements are not bad either, since livability is 68 points and the rest of the expenses do not go beyond $450 per month.
Shreveport
If we want to live in the state of Louisiana with a Social Security benefit of $2,000, Shreveport is a great option.
The livability of this place is 65 points, a little lower than the previous one, but it is compensated with a groceries expense of only $374 per month and a rent that does not exceed $730 on average.