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There are so many above-average costs in California that when you add it all up, Social Security may not be as much of a cushion as you hoped it would be in retirement. Even outside of income tax ...
State averages for retiree income vary widely, likely due to differences in costs, wages, taxes, pensions and other factors. Information about averages can guide savings plans and suggest ...
Alabama. Total Monthly Costs: $3,006 Average Monthly Mortgage: $1,275 Average Monthly Expenditures: $1,732 Read More: 8 Things You Must Buy at Aldi While on a Retirement Budget Check Out: 7 Bills ...
Expense. Average Cost. Housing. $13,824 (renter) $22,020 (homeowner with mortgage) $8,220 (homeowner without mortgage) Food. $3,888. Transportation. $3,240. Healthcare
According to the Bureau of Labor Statistics (BLS), the average income of someone 65 and older in 2021 was $55,335, and the average expenses were $52,141, or $4,345 per month.
For retirees, healthcare costs can average around $5,862 a year in cities like Jacksonville, Florida, or $7,862 in Lincoln, Nebraska. ... With the average monthly retirement expenses being around ...