Living in certain cities could provide a bargain for seniors reliant on Social Security as their primary source of income.
Social Security is the most important social initiative for our country. Over 64 million benefit payments are sent out to qualifying applicants per month, many of whom are senior citizens. Over 22 million of those qualifying recipients are taken out of poverty as a direct consequence of this assured payout.
Unfortunately, these social security payouts are dropping further and further. Only 40% of working wages will be replaced by social security. It’s not meant to be relied on as a primary source of income, but many seniors use it as so.
Best Cities to Help Stretch Your Social Security
With social security payouts dropping these 10 cities could be your answer to living better for cheaper:
- Harlingen, Texas (24.2% below the national average)
- McAllen, Texas (22.6% below)
- Kalamazoo, Michigan (20.4% below)
- Memphis, Tennessee (19.4% below)
- Knoxville, Tennessee (18.3% below)
- Conway, Arkansas (18.1% below)
- Wichita Falls, Texas (17.7% below)
- Joplin, Missouri (17.7% below)
- Sherman, Texas (16.6% below)
- Hattiesburg, Mississippi (16.4% below)
It’s less expensive to live in these places because the average household income is below the national average.
The Victorian Assisted Living and Retirement Community
The Victorian is an assisted living and retirement community that makes living independently, while at the same time feeling safe and secure, a reality. We strive to provide the best quality of life for all residents including those suffering from loneliness and depression.
We offer a comprehensive activity program that includes both physical and social activities to encourage emotional well-being. Our staff is trained to assist those with depression. If you or a loved one are considering assisted living, contact The Victorian today to learn more about our services or tour our community.