Best Places in Every State to Live on a Fixed Income

Florida also ranks high on the list of best U.S. states to retire to on a fixed income. The cost of living is reasonable, at just 1% over the U.S. average, and with no state tax, Florida is as tax.

If you rely mostly – or only – on a fixed income, here are the best cities, towns and rural spots across the country for you: Alabama: Decatur Alaska: Palmer

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No Income Tax States for Retirees. There is no state income tax, no state sales tax and it only has 25 places that have a property tax. In 2009, the dividend given for people who resides in Alaska for at least one year is $1,305 for every man, woman and child in your family. This is probably the best place that you can live when you talk about taxes.

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Personal finance website GoBankingRates.com compiled a list of the best place in each U.S. state for retired workers to live. According to the website, the average Social Security benefit for.

Personal finance website GoBankingRates.com compiled a list of the best place in each U.S. state for retired workers to live. According to the website, the average Social Security benefit for retirees in 2017 was $1,369 a month, which adds up to $16,428 in annual benefits for single people and $32,856 for couples.

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Why Alabama. Alabama is the cheapest place to retire in USA. The average retiree will need a little over $2,000 to live on plus your rent or mortgage payment. Alabama is also known as the Heart of Dixie, bordered by Tennessee to the north, Georgia to the east, Florida and the Gulf of Mexico to the south and Mississippi to the west.

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“I knew that my income. me build a place in the country where we’d both live – and would make it my mission, though we both know well enough how plans often go. “Still, you gotta have one,” he said.

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