Within the United States, there are many different and distinct cities. Each person can choose the city they like best, but if your income comes only from Social Security, things may not be quite the way you want them to be. If you have no other source of income, you will most likely have to watch very carefully what you spend your money on. And it doesn’t matter if your Social Security is for some kind of disability or retirement, what matters is being able to pay all the bills at the end of the month.
Luckily, there are cities that are a little cheaper than others. Because of this, Social Security recipients have a better life on a day-to-day basis. And while some cities are better than others, the final decision is entirely individual. If you are thinking of moving to a new city, these here are the cheapest ones to make your retirement or disability benefit last longer.
Cheapest cities to live in on Social Security
There are many other options for living on low Social Security, plus some states where you don’t pay taxes. But the list below lists 3 of the best cities to live in peace with a low income:
Within the State of Ohio we find the city of Toledo. According to GoBankingRates, in Toledo you can find homes for rent starting at $600 per month. If you prefer to buy a house, there are also houses on the market for $50,000. Toledo is a quiet city where you can spend your days off in the best possible way.
When we think of retirement we always have in mind days of beaches with sea and sun. The normal thing in these cases is to go to Florida, but it is a really expensive state. On the other hand, Arizona is perfect for living on Social Security alone. Within Scottsdale you can find rental housing for much less money than in other states. Also, another interesting fact is that it has no state taxes for Social Security or grocery shopping.
Most homes in Houston are 18% cheaper than in other major cities. For that reason, Houston ranks as one of the best options if you are thinking of moving to a city where you can live better on your Social Security benefit. In addition, being a large city, it has a lot of cultural offerings, which is ideal for retirees who have a lot of free time.
Is it worth moving to a new state?
The answer to this question is totally individual, as everything in these cases. If you have a house already paid for and no debt, it may not be a good idea to move to another state. If you are still paying rent, it may be worth a change of scenery. In any case, remember that next year you could get a $200 increase in your Social Security benefit, so that could change your situation.
Whatever you do, don’t forget that you need to know how much money you have at all times. With your money under control, you’ll have better access to your overhead and you’ll be able to know whether or not moving is a good idea.