Best Places in Every State to Live on a Fixed Income

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.

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Here’s where a typical Social Security payment is likely to cover the basic cost of living.

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Barron's · Stocks · IPOs · Mutual Funds · ETFs · Options · Bonds. Every time it makes this list, it looks at hundreds of data points and examines more than. This year, no city on the Top 100 Best Places to Live list has a. These 100 cities are unique, welcoming, affordable and bursting with opportunities.

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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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A new study from Bankrate finds that the best state for retirees is Nebraska, while. We've all fantasized about the day we quit working for good.. wellness (13th worst), while also underperforming in the area of crime (18th worst).. that works for that budget, whether it's the town you're living in, a nearby.

Why Alabama. Alabama is the cheapest place to retire in USA. The average retiree will need a little over $2,000 to live on plus your rent or mortgage payment. Alabama is also known as the Heart of Dixie, bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south and Mississippi to the west.

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Created to shine a spotlight on the area’s best and brightest, winners were announced live from 10 categories like. most.

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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