Pr. March, the average monthly Social Security the benefit is $ 1,618.29 for one person, according to the Social Security Administration (SSA). Doubles for a pair, that’s $ 3,236.58.
Not a bad move if it complements other income or padding a nice, big nest egg. However, if social security is all you live off, you will need to choose your retirement city very carefully to stretch those dollars to their absolute limit – especially on the notoriously expensive west coast, which in this study includes Alaska.
To determine the best places for couples to live on the west coast on only their combined social security checks, GOBankingRates used cost of living data from Sperling’s best places. The ranking also includes ApartmentList data on the average rent for a one-bedroom apartment, as well as each city’s viability score, taken from AreaVibes.
Each city then received a combined score – which represents a sum of all these factors – with lower scores better. The list is ranked by the worst score to the best.