Arizona Cities To Retire: 3 Best Arizona Cities To Live on Social Security Only
“Best Arizona cities to live on social security”
It might be challenging to survive on a Social Security check alone in the majority of American cities. The typical monthly Social Security payout for seniors in 2022 will be just $1,623.10. When you consider that the average monthly prices in the US for groceries and healthcare come in at $411.83 and $431.42, respectively, that doesn’t leave much breathing room. Benefits are projected to increase greatly in 2023, but expenditures will also likely increase as inflation has been running at an 8-9% rate for most of the summer of 2022.
Arizona Cities To Retire: The Best Arizona Cities To Live On Social Security
But there are three best Arizona cities to live, that can accommodate you if you solely want to rely on Social Security to meet your basic necessities.
We identified Arizona cities with a low overall cost of living and a high quality of life using data from a variety of government and business sources, including the Social Security Administration, Department of Labor, Bureau of Labor Statistics, and the Department of Housing and Urban Development. These cities were identified based on AreaVibes’ livability scores.
Due to the fact that each city’s 65 and older population is significantly higher than the country’s average of 16%, seniors have flocked to these locations in the Valley of the Sun. Below are your best options for the best Arizona cities to live if you want to live solely on your Social Security check in Arizona.
3 Attractive Places in Arizona Where You Can Depend On Social Security
1. Sierra Vista
•Expenditures each month: $1,525.95
For the best Arizona cities to live, both Sierra Vista’s low expenses and its excellent livability score of 79 help to place the city on the list of “best for Social Security.” In the city, the average rent for a one-bedroom apartment in 2022 will only be $690, and grocery prices will be 4.6% lower than those nationwide.
Average monthly healthcare costs will increase by $11.64, but lower rent and grocery costs will more than make up for it. Overall, Sierra Vista provides a package that is sufficient for 22% of its people to be 65 or older, far higher than the national average. Old West enthusiasts will like its proximity to Tombstone, which is approximately 25 minutes to the southwest, while those seeking access to big-city facilities will find Tucson, which is about 112 hours to the northwest.
•Spending each month: $1,513.19
By far the smallest city on the list of the best Arizona cities to live on social security. Douglas will have just over 16,000 residents in 2022. Right on the Mexican border, the agricultural city is situated in a somewhat rural area.
Many seniors enjoy the laid-back lifestyle of small towns, and 22% of Douglas’ population is 65 or older. The average one-bedroom apartment rent in the town is $690 per month, and grocery prices are 7.7% less expensive than the national average. This saves seniors an average of approximately $32 per month, or $380.12, on a monthly basis.
Rent, medical care, and groceries cost a total of $1,513.19 each month, which is significantly less than the average Social Security retirement payment of $1,623.10.
•Spending each month: $1,489.84
Tucson is likely the most well-known city on the list of the best Arizona cities to live, but maybe surprisingly, it also tops the list for affordability and livability. Tucson’s affordable healthcare expenditures, which are a whooping 18.5% lower than the national average, play a big role in our position. That will allow the typical person to save about $1,000 annually, or more than $80 per month in expenses.
When compared to national averages, groceries are likewise extremely affordable, costing $377.24 per month as opposed to $411.83. These seem little monthly sums might pile up dramatically annually for someone living on a limited budget. Tucson ranks as the best Arizona city in which you may live solely on Social Security, with a livability score of 65.
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