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The post The Cost of Living in a Retirement Community in Every State appeared first on SmartR ... Data for the ranking of states by the cost of independent living was collected from 12,600 ...
According to the data, the average American retirement age is 64 and the average life expectancy is 78.6 years, meaning retirees need an average of $904,000 to cover their living expenses in ...
Alaska. Annual cost of a comfortable retirement: $87,697. Retirement savings needed at 60: $1,753,947. Retirement savings needed at 70: $876,973. Read: 6 Frugal Living Tips Retirees Should Avoid ...
5th Best: South Dakota. Ranking fifth, South Dakota is another state that offers attractive living costs for retirees. Boasting one of the lowest average rents ($1,143 per month), grocery expenses ...
MoneyRates evaluated the country’s best states for retirees for the 10th year in a row, using 10 data sets across four major categories: economic factors (cost of living, property taxes, and ...
According to the Missouri Economic Research and Information Center, Alaska ranked as one of the most expensive states to live, with a cost-of-living index (COLI) of 124.4 — meaning it is 24.4% ...
Average Home Value: $405,396. Mortgage Average Cost: $2,398. Expenditure Average Cost: $1,970. Total Monthly Cost of Living: $4,368. Try This: Cutting Expenses in Retirement — 5 Grocery and ...
Cost of a comfortable retirement annually: $66,563. Illinois. Percent who consider it the best Midwestern state to retire: 10%. Total expenditures: $53,250. 20% comfort buffer: $13,313. Cost of a ...
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