There are a lot of factors to consider when choosing a place to retire. Healthcare, weather, and transportation are just a few examples. But what’s arguably the most important? Cost of living. Since many seniors live off a pension or form of fixed income, it’s vital that wherever you’re living is actually affordable. Your money can go a long way depending on which state you reside in. Find out what costs you can expect to pay during retirement with a search online.
There are certain states that come with lower living expenses than others. With an online search, you’ll quickly discover which states are the most affordable.
Here are some of the cheapest states for aging seniors.
Average Housing Cost: $808 per month
The state of Louisiana prides itself on providing residents the high life with a low cost of living. In fact, Louisiana Travel says the cost of living sits at just 6.2-percent — lower than the national average. Part of this can be credited to the zero-tax placed on groceries and prescription drugs. Plus, the state does not tax Social Security retirement benefits or income from public pensions.
For seniors looking to live in warm weather all year long, this state is a good choice. You can enjoy activities such as birdwatching and freshwater fishing. There’s also great food and a vibrant music scene.