Can you live off just Social Security? The answer to this question depends on your lifestyle.
Seniors living on Social Security must maintain a lifestyle that keeps their expenses in check. One of the biggest determinants of your average costs is the location where you live.
InvestmentNews lists the ten best states to retire on just Social Security. States like Arkansas, West Virginia, and Kentucky top the list, thanks to low rent, tax exemptions, and manageable healthcare costs compared to national averages.
Of course, everyone’s experience may be different depending on where they live in a given state. There’s also the matter of retiring alone, or with your spouse. For couples, this list by Yahoo details ten more locations that seniors report to be affordable, especially when they’re living on Social Security.
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