According to the Social Security Administration, the average monthly payment is $1,618.29. Sometimes, a monthly Social Security Check isn’t enough for most retirees who don’t have other incomes – unless they decide to relocate to one of the most financially friendly cities in the inexpensive Midwest.
GOBankingRates used Sperling’s Best Places cost-of-living data to identify those cities where day-to-day life is low-priced and the rent for the average one-bedroom apartment has a reasonable price. Ultimately, the study analyzed AreaVibes data to identify low-cost, low-rent places with comparable strong livability scores, which are determined based on quality-of-life criteria such as amenities and crime.
If your only source of income comes from Social Security checks, your money will go the furthest in the Midwest. That’s why we’ve rounded up 10 cities where you can live on just your monthly retirement payment.
Keep reading to find out about them!
There are quite a number of folks in the upper Midwest that enjoy the seasons that provide the variety and beauty it is famous for. Even winter has beauty. If you want, like so many choose, you can leave the cold behind for a few weeks or months, and find a sweeter spot to live. As for tornadoes, it seems other parts of the U.S. have been more affected than N.D. or MN. So, I think that concern is limited. As for heart attacks, you were very likely a candidate before shovelling snow, it was only brought about sooner. As humans, we can find ways to adapt, and we must use the resources available to us for that purpose.
Not a grumpy old folk however cold and bad weather and dinky old run down apartments may not be what most retirees want ! U just keep on living and don’t judge happy Seniors!
no thanks – came from the mid-west – – way toooo cold, and too much crime. some of the very cities mentioned are the very cities that appear on cop shows regularly and it’s due to the criminal activity. we’ve migrated to south Texas – – yes, it’s hot this year, but sure beats the cold winters up north. cost of almost everything – rent, groceries, gas – are much more reasonable down here and crimes are not so “random” – mostly between family members or groups. as for immigration – heck they head north asap. they don’t want to hang around down here. we’re lov’in it down here and best of all, feel safe.
Whole-Lee-Smokes**!!
A majority of the people in THIS comment section are giving rise to the stereotype “grumpy old folks”
L Ö L
**not gonna break
Commandment III
Apartments are cheaper in Detroit, Michigan