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This is a link to a USA Today article listing the annual cost of living during retirement for a couple living in each State. Their definition of the sample couple is shown below.
"We then reviewed data from the Economic Policy Institute’s Family Budget Calculator for a couple 65 or older with no dependents, which measures the income a family needs in order to attain a modest yet adequate standard of living at the metropolitan level. "
Per this article, Arkansas ($36K) is the least expensive place for a couple to retire and Alaska ($56K) is the most expensive.
"50. Arkansas
• Estimated annual retirement costs: $36,378
• Avg. annual earnings for 65+ households: $22,276 (8th lowest)
• Avg. annual homeownership costs for seniors: $11,112 (2nd lowest)
• Pct. residents 65+: 16.5 percent (19th highest)"
"1. Alaska
• Estimated annual retirement costs: $56,879
• Avg. annual earnings for 65+ households: $36,513 (the highest)
• Avg. annual homeownership costs for seniors: $19,260 (9th highest)
• Pct. residents 65+: 11.2 percent (2nd lowest)"
"We then reviewed data from the Economic Policy Institute’s Family Budget Calculator for a couple 65 or older with no dependents, which measures the income a family needs in order to attain a modest yet adequate standard of living at the metropolitan level. "
Per this article, Arkansas ($36K) is the least expensive place for a couple to retire and Alaska ($56K) is the most expensive.
"50. Arkansas
• Estimated annual retirement costs: $36,378
• Avg. annual earnings for 65+ households: $22,276 (8th lowest)
• Avg. annual homeownership costs for seniors: $11,112 (2nd lowest)
• Pct. residents 65+: 16.5 percent (19th highest)"
"1. Alaska
• Estimated annual retirement costs: $56,879
• Avg. annual earnings for 65+ households: $36,513 (the highest)
• Avg. annual homeownership costs for seniors: $19,260 (9th highest)
• Pct. residents 65+: 11.2 percent (2nd lowest)"