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You may be able to retire by the beach on Social Security alone in 2022. You may even afford to buy a house. The low cost of living on the Mississippi Gulf Coast is the reason why you can afford to live on Social Security alone. Your social security income can pay the median rent, and cover living expenses so you can live a comfortable life. Mild winters and warm summers along with healthcare services attract people from the largest cities.

Calculations in the Blog Article on our website are based on two Social Security incomes. One at the average monthly benefit of about $1,450 per month and another at $2,400 per month. These amounts are typical for full retirement age benefits. The lower cost of living on the Mississippi Gulf Coast permits Social Security retirees to enjoy their golden years. 

Mississippi is one of the best states for retirees regardless of their source of income. If you have retirement savings to supplement, don't worry about the State taking it in taxes.

Mississippi is among a few tax-friendly states where none of your retirement income is taxed by the state. This includes your Social Security check 401k withdrawals, pensions, etc. Let's get back to the topic which is how you can afford to live in one of the best cities for less. Did I mention our beautiful beaches? By the way, our beaches are open 24/7.

You have choices along the Mississippi Gulf Coast. You can rent or buy. Housing prices and rents are among the lowest in the nation. The Mississippi Gulf Coast is far removed from the high cost of for example Los Angeles or other big cities. Our cost of living is lower than that metropolitan area you want to move from.

Starting with your monthly budget, we will explore what a monthly rent payment and utility bills would look like. Great news, almost all medical facilities accept medicare and offer good healthcare in exchange. Doctors in some larger cities and metro areas no longer accept Medicare so the fact that healthcare providers in this area do is good news.

Please read the full text of this podcast on RetireCoast.Com at https://retirecoast.com/retire-by-the-beach-on-social-security-in-2022/   

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