5 Best Southern Cities To Retire on a Budget of $1,500 a Month

5 Best Southern Cities: You want to settle down in the South after you’ve retired and are setting your sights on a warmer climate. To that end, in this post, we will help you find a new hometown that will be affordable on a fixed income.

According to the Social Security Administration, the average Social Security benefit as of April 2022 is $1,538.14 per month. One study found that it actually The average cost of a one-bedroom apartment in the U.S. is less than $1,927 per month. US The average annual cost of groceries in the U.S. is $4,942 – $411.83 monthly – while healthcare expenses average $5,177 per year – $431.42 monthly. So you have to keep these things in mind while making your budget.

5 Best Southern Cities

5 Best Southern Cities

1. Odessa, Texas

Monthly Expenses: $1,336.86: Odessa is the best southern city to retire, still topping all five cities. According to the monthly budget of $1,500 in which one bedroom apartment is the most affordable one on the list.

2. McAllen, Texas

Monthly Expenses: $1,363.34: A stay at McAllen lets you live comfortably with the lowest monthly grocery deposit on the list. In which an average of $379.30 – and health care expenses – an average of $391.29 – will be able to enjoy both.

3. Lake Charles, Louisiana

Monthly Expenses: $1,410.36: Lake Charles is ranked third with monthly health care costs of $419.77. The average rent on city one-bedroom apartments falls right in the middle for both – $608 per month.

4. Midland, Texas

Monthly Expenses: $1,522.90: Under $400.30 per month on average in the Midland. The average rent for a one-bedroom apartment is $716 per month.

5. Lubbock, Texas

Monthly Expenses: $1,577.10: The average monthly cost for a one-bedroom apartment in Lubbock is $746.50 and the average healthcare expense is $452.12 per month.

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