What is the best state to live in for low-income seniors?
Asked by: Krystel Cormier | Last update: February 10, 2025 Score: 4.5/5
(43 votes)
1. Iowa. Iowa tops the list for best states to live on just a Social Security check thanks to a number of factors. Overall, the monthly cost of living-rent, groceries, healthcare, utilities, transportation, and any miscellaneous expenses-comes to just under $3,000.
What's the best state for low-income seniors?
1: Iowa. With monthly housing costs for renters of just $740, Iowa is an incredibly affordable state for seniors on fixed incomes.
What is the most affordable state to live for seniors?
Cheapest States to Retire In
Arkansas. ...
Oklahoma. ...
West Virginia. ...
Tennessee. ...
South Carolina. Cost of Living: Below national average. ...
Kentucky. Cost of Living: Low cost of living and healthcare costs. ...
Louisiana. Cost of Living: Lower than average living costs. ...
Georgia. Cost of Living: Lower healthcare costs.
What state has the best low-income senior housing?
The answer is Colorado and Massachusetts. These states have some of the most robust affordable housing* programs in the country.
What state helps low-income people the most?
Vermont ranks as the most generous state with the average low-income person receiving about $26,000 in benefits.
Best States to Retire on a Small Pension or Social Security
18 related questions found
What is the best state to move to if you are poor?
Mississippi. Referred to as the Magnolia State, Mississippi has been ranked as the most affordable place to live in the U.S. thanks to not only its low housing costs, but also having some of the lowest gas costs.
What state is the easiest to get low income housing?
These Are the 10 Best States for Housing Affordability
Mississippi.
Alabama.
Kentucky.
Oklahoma.
South Dakota.
North Dakota.
Louisiana.
Iowa.
Where is the best place for poor seniors to live?
Can you retire to a place that's both affordable and fun?We found out.
Decatur, Alabama. Cost of living for retirees: 11.0% below U.S. average. ...
Prescott, Arizona. ...
Hot Springs, Arkansas. ...
Grand Junction, Colorado. ...
Punta Gorda, Florida. ...
Sandy Springs, Georgia. ...
Boise, Idaho. ...
Bloomington, Indiana.
What state helps seniors the most?
The best state to live in for seniors is Utah, which offers a combination of low assisted living costs, high-quality healthcare, and a strong overall quality of life. Utah has earned the title of the healthiest state for older adults, reflecting its supportive services and solid health outcomes.
What state has the lowest rent for seniors?
Oklahoma has been deemed the most affordable state in the nation for seniors, in a new ranking that looked at both the costs and accessibility of care and services.
Where can I retire on $500 a month?
Thailand. Is it possible to retire in Thailand and keep the costs in check? Certainly! It's another top choice for digital nomads with an achievable $500 monthly budget, focusing on affordable accommodation.
What state is best for seniors on social security?
9 Best States to Retire
Delaware. Delaware offers a comfortable environment for retirees, boasting a moderate climate that experiences all four seasons without any extremes. ...
Georgia. Georgia is a compelling choice for retirees seeking a diverse and enriching lifestyle. ...
Maryland. ...
New Jersey. ...
Pennsylvania. ...
South Carolina.
Which state has the lowest cost of living?
Arkansas. #1 in Cost of Living. #47 in Best States Overall. ...
Mississippi. #2 in Cost of Living. #48 in Best States Overall. ...
Alabama. #3 in Cost of Living. ...
South Dakota. #4 in Cost of Living. ...
Iowa. #5 in Cost of Living. ...
North Dakota. #6 in Cost of Living. ...
Oklahoma. #7 in Cost of Living. ...
West Virginia. #8 in Cost of Living.
Where is the least expensive place to live for seniors?
Read on to explore the cities with the most affordable housing that notched highly on the U.S. News 2024 Best Places to Retire ranking.
Omaha, Nebraska.
Montgomery, Alabama.
Davenport, Iowa.
Green Bay, Wisconsin.
Hickory, North Carolina.
Wichita, Kansas.
Huntsville, Alabama.
Fort Wayne, Indiana.
What is considered low income in the states?
According to the most recent report from the U.S. Census Bureau, the poverty threshold for a family of four is $29,960. For an individual, the poverty threshold is $14,891.
Which state is not a favorite among the elderly?
In 2024, across all states in the United States, Utah was ranked as the healthiest state for older adults aged 65 years and above, followed by Colorado and Vermont. On the other hand, Louisiana was the unhealthiest state for older adults in the United States, ranking last on the list.
Which state is best for low-income seniors?
1. Iowa. Iowa tops the list for best states to live on just a Social Security check thanks to a number of factors. Overall, the monthly cost of living-rent, groceries, healthcare, utilities, transportation, and any miscellaneous expenses-comes to just under $3,000.
Where is the best place for 70 year olds to live?
Florida, Colorado, and Virginia rank as the top three states for retiring seniors, according to WalletHub.1 In a recent study, they compared all states based on 46 indicators in three key categories: Affordability, which includes tax benefits, cost of living, and more.
What state gives you the most Social Security benefits?
The analysis found these states had the highest median monthly Social Security checks:
Delaware: $2,064.
New Hampshire: $2,039.
Maryland: $2,008.
Michigan: $2,005.
Washington: $1,992.
Minnesota: $1,982.
Indiana: $1,952.
Massachusetts: $1,946.
What is the best state to live in for low income?
1. West Virginia. West Virginia's cost of living is 16.2% below average—making it the lowest in the country. And cheap housing is a big factor in that number.
Where do the happiest seniors live?
Top 20 Happiest Cities to Retire
Barnstable, MA. Coming in at the top of the happiest cities to retire in the U.S. list is Barnstable. ...
Naples, FL. Those who want to live by the water and enjoy warmer weather can head south to Naples. ...
Ann Arbor, MI. ...
Durham, NC. ...
Boulder, CO. ...
North Port, FL. ...
Olympia, WA. ...
San Jose, CA.
What is the cheapest state for seniors to live in?
According to the Missouri Economic Research and Information Center, the lowest overall costs of living were found in Mississippi, Oklahoma, Kansas, Alabama, and West Virginia: Cheapest states to retire.
Which state has the best benefits for low income families?
At $385, Hawaii had the highest average monthly SNAP benefit per household member in fiscal year 2023; it was double many states' average monthly benefits. In fiscal year 2022, California had the largest number of SNAP participants of all states and the District of Columbia, with 4,627,700 people in total.
What is the cheapest way for a senior to live?
Seniors can save money on housing by choosing to stay in their own homes and becoming a member of a local virtual retirement community. Virtual retirement communities are grassroots, nonprofit organizations that provide older adults with a variety of accessibility services.
What state has the shortest housing waiting list?
Consequently, housing assistance wait times vary by state, ranging from as little as eight months in Wyoming to as many as 42 months, or three years and six months, in Massachusetts in 2023.