Best Places in Every State to Live on a Fixed Income

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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,

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One third of Americans turning 65 years old today can expect to live past. cushion your income so you’re not completely reliant on your personal savings alone. Once you’ve figured out how much you.

My fixed. possible every day, which I did for the first week and a half. I was $22 under budget after 10 days, having spent only $28 ($22 on groceries and $6 on public transportation). Everything.

Best state to live in on fixed income. Pretty low rents We were paying 550 a month for an efficiency and now we’re just paying 575 a month for a 1 bedroom. Still the same landlord and all I had to do is move across the street. DO NOT GO TO UTAH omg the rents are outrageous and the people all try to convert you every chance they get.

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For people living on a fixed income, especially one that is as limited as Social Security benefits, living expenses become a real factor when looking for the best places to retire. The more limited the income, the more important it is to take advantage of the breaks available.

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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.

No Income Tax States for Retirees. There is no state income tax, no state sales tax and it only has 25 places that have a property tax. In 2009, the dividend given for people who resides in Alaska for at least one year is $1,305 for every man, woman and child in your family. This is probably the best place that you can live when you talk about taxes.