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4 Cities With Good Weather To Retire Comfortably At a Relatively Low Monthly Budget

The Best Place To Retire With Good Weather on $3,000 Budget Per Month

“Best place to retire with good weather”
You’re about to retire, and you’re looking for a new city with the climate you like. Of course, when trying to stay to a budget, that’s frequently easier said than done. You specifically want to spend $3,000 every month. It’s likely that you will rely at least in part on Social Security, whose average monthly income, as of mid of this year, was $1,542.22. You’ll be pleasantly surprised to learn that it’s not difficult to retire in a city with wonderful weather without spending a lot of money. Read also What Is The Best State To Live On Social Security Only? Here Are 15 Best States You Can Live Comfortably On Social Security Check Only

The Best Place To Retire With Good Weather And Low Living Cost

A recent TalkFinance24 research found that there are many of the “best place to retire with good weather” to pick from. Of course, the average temperatures in each of the listed cities differ. Others offer a gentle shift in seasons, while some are renowned for their year-round warmth. This offers you some freedom to select the climate that you think is perfect. The capacity to live within your means on a budget and a sizeable population of citizens aged 65 and over are two things that all the cities share. Are you prepared to begin living your golden years? At “the best place to retire with good weather”. The four finest weather-wise cities for retiring on $3,000 per month are detailed below. Read also Retire Here! 10 Best Small Towns In U.S with Low-cost Of Living To Retire

4 Cities With Great Climate To Retire On a $3,000 Budget

4. Fairfield, California

•Monthly expenditures: $2,854.29
• Average one-bedroom rent: $1,558
•Percent of population 65 and older: 13.1%
• Livability: 66
•Annual grocery cost: $4,540.32
• Monthly grocery cost: $378.36
• Annual healthcare cost: $7,001.40
• Monthly healthcare cost: $583.45
• Annual utilities cost: $4,013.76
• Monthly utilities cost: $334.48

3. Atlanta

• Monthly expenditures: $2,735.66
• Average one-bedroom rent: $1,553
• Percent of population 65 and older: 11.6%
• Livability: 72
• Annual grocery cost: $4,153.55
• Monthly grocery cost: $346.13
• Annual healthcare cost: $6,121.22
• Monthly healthcare cost: $510.10
• Annual utilities cost: $3,919.19
• Monthly utilities cost: $326.60

2. Greenville, South Carolina

• Monthly expenditures: $2,277.04
• Average one-bedroom rent: $1,059
• Percent of population 65 and older: 14.4%
• Livability: 72
• Annual grocery cost: $4,191.39
• Monthly grocery cost: $349.28
• Annual healthcare cost: $6,761.35
• Monthly healthcare cost: $563.45
• Annual utilities cost: $3,665.73
•Monthly utilities cost: $305.48

1. Oklahoma City

• Monthly expenditures: $2,151.45
• Average one-bedroom rent: $862
• Percent of population 65 and older: 12.6%
• Livability: 69
• Annual grocery cost: $3,981.19
• Monthly grocery cost: $331.77
• Annual healthcare cost: $7,814.90
• Monthly healthcare cost: $651.24
• Annual utilities cost: $3,673.29
• Monthly utilities cost: $306.11

US Average~
• Monthly expenditures: $2,626.25
• Average one-bedroom rent: $1,405
• Percent of population 65 and older: 16%
• Annual grocery cost: $4,204
• Monthly grocery cost: $350.33
• Annual healthcare cost: $6,668
• Monthly healthcare cost: $555.67
• Annual utilities cost: $3,783
• Monthly utilities cost: $315.25. Read also 10 Expert-Approved Tips For Retirement Planning(Before You Start Saving)

How We Compiled This Article

With information from U.S. News & World Report, TalkFinance24 identified the top American cities and best place to retire with good weather where retirees can live comfortably on a $3,000 or less annual income. We identified every city with excellent weather that had (1) an average monthly rent for a one-bedroom apartment using ApartmentList data.

The cost of living index for each city on the list was then determined using Sperling’s Best by looking at the (2) grocery, (3) utility, and (4) healthcare index scores. Then, we calculated the annual expenditure amount for both grocery (or “food at home”) and healthcare costs for people 65 and older using information from the Bureau of Labor Statistics’ 2020 Consumer Expenditure Survey in order to determine how much a person 65 and over would spend on groceries and healthcare in each city on a monthly basis.

Then we calculated the areas where a person 65 or older might exist on $3,000 or less by adding up the monthly costs for housing, groceries, and healthcare. According to the Census Bureau’s 2020 American Community Survey, a city required to have a population of at least 10% people over the age of 65 and a livability score of 65 or above in order to be included for the study. Read also 4 Easy Ways To Avoid Wasting Money In Retirement – A Sure Way Solution To Running Out Of Money In Retirement

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Thomas Goodmanhttps://www.talkfinance24.com
Thomas Goodman is a Degree Holder, a prolific Personal Finance writer and Expert. His work has been recognized by Millions of people round the world and the United States precisely. He has since over a decade, helped people to manage and gain full control over their finances through his adequate and concrete write-ups. His Goal is to inform and educate people worldwide on Personal Finance, Budgeting, Banking and Finance, Career Planning and Savings. He loves to Educate people to attain their financial freedom. Reach out to Him personally on [email protected]

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