A look at the 15 best places for couples to live on only social security in Louisiana suggests that the state offers favorable conditions for retirees. With a cost of living index 9.3% lower than the national average, Louisiana is also one of the best places for retirees in terms of taxes, as social security benefits and public pension incomes are not taxed. However, retirees are expressing concerns about inflation, healthcare costs, and other expenses. A Missouri Economic Research & Information Center study found that many retirees across the state are reluctant to overspend, given the current economic climate and uncertainty about the future.
In terms of housing affordability, the median rent for all properties and apartments in the state is $1,480, which is 26% lower than the national median. Moreover, home prices have decreased by 1.9% compared to the previous year, with homes selling for a median price of $242,000.
In Louisiana, there are more than 200 hospitals, with Baton Rouge holding the highest rank for the best healthcare systems in the state. The state has a total population of 4,657,757, with a health coverage of 6.9%. Additionally, around 1.7% of people moved to Louisiana in the past year, indicating favorable conditions for retirees to move to the state. Louisiana is also characterized by its vibrant cultural significance, influenced by French heritage and geography.
To compile the list of the best places in Louisiana for couples to live on only social security, several sources were consulted, including KPEL, New Home Source, and Niche, amongst others. Retiree opinions from forums such as Reddit and Quora were also used to assess which places in the state are most recommended for living on social security. The places selected had a cost of living index that is 95 or below, with scores based on cost of living index, median home price, median monthly rent, and livability scores.
The best places in Louisiana for couples to live on social security are Bossier City, Village St. George, Lake Charles, Baton Rouge, Covington, Crowley, Kenner, Mandeville, Westlake, and Sulphur, each with its own unique charm and affordability for retirees. These locations offer a mix of urban convenience, suburban tranquility, and access to healthcare facilities, making them ideal for those seeking a relaxed yet vibrant retirement.
Overall, retirees in Louisiana have a variety of options when it comes to finding affordable and livable places to enjoy their golden years on a fixed income. While the concerns about rising costs and healthcare expenses are valid, Louisiana seems to offer a ray of hope for retirees looking to lead a comfortable life on only social security.