Personal finance website GoBankingRates.com compiled a list of the best place in each U.S. state for retired workers to live. According to the website, the average Social Security benefit for retirees in 2017 was $1,369 a month, which adds up to $16,428 in annual benefits for single people and $32,856 for couples. That's around $25,000 less than the median U.S. household income.
"Living on a fixed income basically means you're solely or almost entirely dependent on funds like Social Security, pensions and inheritance — with little to no flexibility in the amount you're paid each month," reports GoBankingRates' Gabrielle Olya. Unstable costs, including a volatile housing market, can be especially challenging to deal with on a fixed income, she added.
If you rely mostly — or only — on a fixed income, here are the best cities, towns and rural spots across the country for you:
• Alabama: Decatur
• Alaska: Palmer
• Arizona: Sierra Vista
• Arkansas: Little Rock
• California: Hanford
• Colorado: Fort Collins
• Connecticut: New Haven
• Delaware: Felton
• Florida: Bradenton
• Georgia: Columbus
• Hawaii: Hilo
• Idaho: Twin Falls
• Illinois: Champaign-Urbana
• Indiana: Angola
• Iowa: Des Moines
• Kansas: Topeka
• Kentucky: Danville
• Louisiana: Lafayette
• Maine: Augusta
• Maryland: Hagerstown
• Massachusetts: Worcester
• Michigan: Midland
• Minnesota: Mankato
• Mississippi: Tupelo
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• Missouri: Springfield
• Montana: Great Falls
• Nebraska: North Platte
• Nevada: Elko
• New Hampshire: Berlin
• New Jersey: Absecon
• New Mexico: Albuquerque
• New York: Corning
• North Carolina: Fayettesville
• North Dakota: Fargo
• Ohio: Port Clinton
• Oklahoma: Elk City
• Oregon: La Grande
• Pennsylvania: Williamsport
• Rhode Island: Providence
• South Carolina: Columbia
• South Dakota: Rapid City
• Tennessee: Morristown
• Texas: College Station
• Utah: Provo
• Vermont: Rutland
• Virginia: Lynchburg
• Washington: Wenatchee
• West Virginia: Parkersburg
• Wisconsin: Watertown
• Wyoming: Riverton