If you’re on about $1,500 a month with your Social Security benefit payments, finding a place to live well seems complicated. And it really is. It’s not easy on that budget to live perfectly. But there is a city in the southern United States where, in addition to living well, you will be able to enjoy your retirement. Located in Texas, this city is ideal for anyone who wants to live on just the SSA retirement benefit.
Living Independently with the Social Security Check
To live independently on the $1,500 Social Security check we have to find the best city possible. We have to consider how much it costs for rent, groceries, medical expenses, and everything else. You can’t leave anything to chance. We have to have everything under control in order to be able to live with peace of mind.
In this sense, there is the option of not having to pay rent, although this plan must be made in advance. If you do not have to pay rent or mortgage when you retire, everything will be much better and easier. But in case you do not own a home, the option of Odessa, Texas, is one of the best for the average price it has.
Living in Odessa for $1,500 per month
It is possible to live in Odessa on a $1,500 monthly Social Security check. Thanks to the study conducted by GoBankingRates we can find out that the average in this city is more or less that on a monthly basis. Thus, with that amount of money we will have paid the rent of a room, the purchase of food and medical expenses. And after paying everything we will have a little extra money.
As far as rent is concerned, a room in Odessa costs an average of 510.50 dollars. To this we have to add the average grocery expense, which is $385.89. The average medical expense is only $440.48. All this together makes a sum of $1,336.86 per month. Not bad if you collect your $1,500 Social Security check every month. For independent living, Odessa is one of the best options.
In any case, the most important thing before deciding on a new place to live is comfort. To move to a new place like Odessa, either with a Social Security retirement benefit or as a worker, the first thing to do is to make sure you really like the city. A good way to do this is to prepare a one-week trip to the new city. If we like what we see there, we can start the move.