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3 Best Cities In Northeast To Retire Comfortably With Minimal Cost Of Living

3 Best Places To Retire In Northeast on a Monthly Budget of $2,000

“Best places to retire in northeast”
Retirement is a special stage of life when you can let go of the responsibilities of employment and live more slowly. The northeastern states of the United States provide a number of lovely cities that will fit within the budget you likely have on a fixed income if you enjoy rural beauty and a slower pace of life. According to the Social Security Administration, the average monthly Social Security payout as of the middle of this year is $1,542.22. According to a research by TalkFinance24, this is actually less expensive than the $1,927 monthly average cost of a one-bedroom apartment in the United States. Finding cities and best places to retire in northeast where one may live on a $2,000 monthly budget is challenging for that reason alone, especially when there are other costs to take into account. Using this information.

We were able to identify three cities where the total monthly expenses were less than $2,000 and establish that the average cost of groceries in the U.S. is $4,942 per year ($411.83 monthly), while the average cost of healthcare is $5,177 per year ($431.42). These Northeastern communities have a substantial 65 and over population in addition to being reasonably priced. The U.S. average is 16 percent, and living in a community with people your own age can instantly make you feel more at home, hence we decided to gather in data on the best places to retire in northeast. 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 Places To Retire In Northeast On a Budget Of $2,000 Monthly

We gathered information from ApartmentList, Sperling’s Best Places, and the Consumer Expenditure Survey of the Bureau of Labor Statistics to determine the annual costs for a one-bedroom apartment, groceries, and healthcare monthly in order to identify the best Northeast cities for retirees on a budget of $2,000 or less. A city needed to have at least 10% of its population be over 65, as determined by the Census Bureau’s 2020 American Community Survey, and a livability score of 65 or higher, as determined by AreaVibes, in order to be eligible for the study. Below are the three best places to retire in Northeast cities for retirees with a $2,000 budget. Read also Retire Here! 10 Best Small Towns In U.S with Low-cost Of Living To Retire

Top Northeastern Cities With Low-Cost Of Living To Retire

1. Lowell, Massachusetts

√ Spending each month: $1,927.00

√ Rent for one bedroom: $1,129.83

√ Score for livability: 67

According to the University of Massachusetts website, the Massachusetts town of Lowell is referred to as the “birthplace of novelist Jack Kerouac and the Industrial Revolution.” Retirement seekers will appreciate the area’s strong historical linkages, cultural diversity, and beautiful scenery, which includes old mill buildings and cobblestone streets. Given the inexpensive cost of living, even though it is a college town and only about 12 percent of the population is 65 or older, retirees should strongly consider moving there. In this case, your annual grocery costs will be less than $5,300 and your annual healthcare costs will be somewhat higher than $4,300. All things considered, you can easily survive on $2,000 per month, hence, considered in this list as one of the best places to retire in Northeast. Read also 4 Easy Ways To Avoid Wasting Money In Retirement – A Sure Way Solution To Running Out Of Money In Retirement

2. Allentown, Pennsylvania

√ Expenditures per month: $1,968.52

√ Rent for one bedroom: $1,094.83

√ Score for livability: 66

The third-largest city in Pennsylvania, Allentown, is one of the best places to retire in northeast and a good option for retirees who adore the Northeast. Due to the extremely low cost of living, 18% of the local population is 65 years of age or older. The annual cost of groceries is just under $5,000, and the annual cost of healthcare is also just under $5,000.

It’s a city with a lot to offer, too. The city of Allentown has more parkland per resident than any other of its size in the United States, according to Allentown.gov. In addition, Allentown has a number of distinct neighborhoods, each with its own character and attractions, including places to eat out, listen to music, watch sports, and more. Read also 3 Crucial Things You Must Do After Retirement – Your Future Self Will Thank You!

3. Pittsburgh, Pennsylvania

√ Expenditures each month: $1,784.51

√ Rent for one room: $998.83

√ Score for livability: 75

Pittsburgh, Pennsylvania, which has a 20 percent senior citizen population, tops the list of greatest and best places to retire in Northeast. Your annual grocery bill here is less than $5,000, and your yearly healthcare costs are less than $4,500. Pittsburg, the birthplace of the steel industry and a center for coal mining, is a town rich in history and art, with many museums and sites of cultural significance. Pittsburg is also the home of renowned philanthropist Andrew Carnegie. It is also visually stunning, with parks, gardens, and pathways for biking, riding, and walking. The Andy Warhol Museum, the Carnegie Museum of Natural History, and the Phipps Conservatory and Botanical Gardens are just a few of Pittsburgh’s  attractions. Read also 10 Expert-Approved Tips For Retirement Planning(Before You Start Saving)

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Acquah Thomas Goodmanhttps://www.talkfinance24.com
I'm a writing enthusiast. I love to inform and educate people worldwide on personal finance. Educating people to attain their financial freedom is my major priority. Reach out to me personally on [email protected]

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