15 US Cities Where You Can Retire Comfortably on $2,500 a Month Plus Social Security

Sean Pavone / Shutterstock.com

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.

20 Years
Helping You Live Richer

Reviewed
by Experts

Trusted by
Millions of Readers

As you weigh your retirement options, choosing to move to an affordable city could help make your dollars go further.

The average Social Security income is $2,071, according to the Social Security Administration. When you combine that with $2,500 in other forms of retirement income, like a pension, drawing down your investment accounts, or an annuity, you could enjoy your golden years comfortably in the right city.

The list below highlights U.S. cities where you could retire with $2,500 in income per month and the average Social Security check.

Fargo, North Dakota

• Minimum annual income to live: $54,360 for a family and $30,000 for a single person, according to BestPlaces
• Median household income: $66,029, according to the latest U.S. Census Bureau data
• Average rent: $924 per month, according to Apartments.com
• Average house prices: $310,206, according to Zillow

Casper, Wyoming

• Minimum annual income to live: $48,600 for a family and $32,000 for a single person, according to BestPlaces
• Median household income: $69,171, according to the latest U.S. Census Bureau data
• Average rent: $1,003 per month, according to Apartments.com
• Average house prices: $300,839, according to Zillow

Hickory, North Carolina

• Minimum annual income to live: $48,960 for a family and $28,400 for a single person, according to BestPlaces
• Median household income: $63,361, according to the latest U.S. Census Bureau data
• Average rent: $1,168 per month, according to Apartments.com
• Average house prices: $285,672, according to Zillow

El Paso, Texas

• Minimum annual income to live: $37,440 for a family and $36,000 for a single person, according to BestPlaces
• Median household income: $58,734, according to the latest U.S. Census Bureau data
• Average rent: $966 per month, according to Apartments.com
• Average house prices: $229,250, according to Zillow

Midland, Texas

• Minimum annual income to live: $51,840 for a family and $45,200 for a single person, according to BestPlaces
• Median household income: $91,169, according to the latest U.S. Census Bureau data
• Average rent: $1,276 per month, according to Apartments.com
• Average house prices: $322,469, according to Zillow

Dillon, South Carolina

• Minimum annual income to live: $24,840 for a family and $25,200 for a single person, according to BestPlaces
• Median household income: $34,964, according to the latest U.S. Census Bureau data
• Average rent: $847 per month, according to Zillow
• Average house prices: $106,175, according to Zillow

Athens, Georgia

• Minimum annual income to live: $53,640 for a family and $36,400 for a single person, according to BestPlaces
• Median household income: $51,655, according to the latest U.S. Census Bureau data
• Average rent: $1,171 per month, according to Apartments.com
• Average house prices: $327,332, according to Zillow

Dothan, Alabama

• Minimum annual income to live: $34,920 for a family and $26,400 for a single person, according to BestPlaces
• Median household income: $55,052, according to the latest U.S. Census Bureau data
• Average rent: $923 per month, according to Apartments.com
• Average house prices: $199,443, according to Zillow

Lynchburg, Virginia

• Minimum annual income to live: $42,480 for a family and $37,600 for a single person, according to BestPlaces
• Median household income: $59,808, according to the latest U.S. Census Bureau data
• Average rent: $1,007 per month, according to Apartments.com
• Average house prices: $255,632, according to Zillow

Albuquerque, New Mexico

• Minimum annual income to live: $59,040 for a family and $40,000 for a single person, according to BestPlaces
• Median household income: $65,604, according to the latest U.S. Census Bureau data
• Average rent: $1,157 per month, according to Apartments.com
• Average house prices: $335,186, according to Zillow

Jacksonville, Florida

• Minimum annual income to live: $53,640 for a family and $45,200 for a single person, according to BestPlaces
• Median household income: $66,981, according to the latest U.S. Census Bureau data
• Average rent: $1,294 per month, according to Apartments.com
• Average house prices: $278,274, according to Zillow

Las Cruces, New Mexico

• Minimum annual income to live: $51,840 for a family and $34,000 for a single person, according to BestPlaces
• Median household income: $55,176, according to the latest U.S. Census Bureau data
• Average rent: $988 per month, according to Apartments.com
• Average house prices: $285,037, according to Zillow

Lake Charles, Louisiana

• Minimum annual income to live: $34,200 for a family and $33,600 for a single person, according to BestPlaces
• Median household income: $56,864, according to the latest U.S. Census Bureau data
• Average rent: $960 per month, according to Apartments.com
• Average house prices: $197,799, according to Zillow

Bristol, Tennessee

• Minimum annual income to live: $34,920 for a family and $26,400 for a single person, according to BestPlaces
• Median household income: $55,007, according to the latest U.S. Census Bureau data
• Average rent: $931 per month, according to Apartments.com
• Average house prices: $228,258, according to Zillow

Charleston, West Virginia

• Minimum annual income to live: $29,800 for a family and $30,800 for a single person, according to BestPlaces
• Median household income: $64,512, according to the latest U.S. Census Bureau data
• Average rent: $1,018 per month, according to Apartments.com
• Average house prices: $285,037, according to Zillow

Share This Article: