BEST PLACES IN EVERY STATE TO LIVE ON A FIXED INCOME. That comes out to $16,428 in annual benefits for a single person or $32,856 per year for a couple – about $25,000 less than the U.S. median household income of $57,617. Living on a fixed income basically means you’re solely or almost entirely dependent on funds like Social Security,
Most seniors’ primary retirement income. and live a reasonably comfortable lifestyle, there’s always the option to go back to full-time work for a few more years and then take a second stab at.
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If you've checked out the top 10 lists for affordable retirement, you've. But even with this list in place, what's inexpensive for you will differ from. When choosing the cheapest state to live in for retirees, these lists. That means you won't have the same income tax burden you had when you were working.
Alaska is an income-tax-free state, making it one of the best places to retire on a fixed income. Home values in Palmer increased only about 2 percent year over year, but home prices are still relatively high compared with other cities on this list: The median home value is $252,400.
Some of the best affordable places in America offer the. rent, and median home prices for each state. the sixth highest personal income growth in the country from 2010 to 2015.
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Personal finance website GoBankingRates.com compiled a list of the best place in each U.S. state for retired workers to live. According to the website, the average Social Security benefit for retirees in 2017 was $1,369 a month, which adds up to $16,428 in annual benefits for single people and $32,856 for couples.
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If you need to add to your retirement income. live a reasonably comfortable lifestyle, there’s always the option to go back to full-time work for a few more years and then take a second stab at.