Anyone in the United States wants to know where the best place to live is. Not only that, but when the Social Security Administration is directly responsible for your income, your purchasing power goes down. And as the economic capacity for retirement goes down, we always want to live in the best possible conditions. It is true that Social Security can make monthly payments of up to $4,194, but the average is much lower.
For that reason, it is necessary to look for something reasonable that does not have a very high price, at the same time that combines other elements. Among the characteristics studied by Bankrate in these 7 worst states to live in with Social Security retirement are affordability, wellness, culture, weather and crime. It is a combination of all of these elements that make up the structure of the ranking.
The 7 worst states to live on Social Security
To make the information even clearer, the percentage of the above elements that have a direct influence is as follows:
- Affordability: 40%
- Wellness: 20%.
- Culture: 15%
- Weather: 15%
- Crime: 10%
Below you can find the 7 worst states to live on Social Security as a retiree. The order is from worst to least worse, according to the experts:
- Alaska
- Maine
- California
- New Mexico
- Montana
- Vermont
- Maryland
It is surprising to see some on this list, such as Alaska or Montana, but considering the criteria established by Bankrate we can understand perfectly well why they are not good places to enjoy Social Security. However, this list is not definitive. By this we mean that each person should live his or her retirement in the place he or she prefers. If you can afford a retirement in a place with high prices, do it to live the best retirement possible. Although now you know which states have the worst ratings overall.