While the program was designed to cover part of a retiree’s needs, many wonder if you can live off just Social Security alone.
The short answer is yes. Social Security can sustain your entire lifestyle in the right circumstances. As you may expect, location matters. Where you live impacts your rent costs, food expenses, and much more.
This article from Yahoo details the top 10 locations where it’s easiest to live solely on Social Security. These rankings were chosen based on cost-of-living data from various sources. Of course, these stats are sometimes open to interpretation, and entries on these lists can also be chosen based on popular opinion. In light of this, here’s another list of ten states where you can live affordably on just your benefits.
Does your state make the list? Are you thinking of moving? Would being able to live solely off your benefits sway your opinion about living in these areas?
Share your thoughts with the Council for Retirement Security. Don’t forget to follow us on Facebook and Twitter.
Want to protect and increase Social Security benefits? Sign our petition here!
