This article takes a look at the 5 best places in Alabama for a couple to live on only Social Security. If you wish to read our detailed analysis on Social Security retirement living in the US, you may go to 15 Best Places in Alabama for a Couple to Live on Only Social Security.
5. Decatur
Insider Monkey Score: 69
Livability: 73
Cost of Living Index: 83.1
Average One-bedroom Rental: $781
Starting our top five is the Morgan County city of Decatur. Residents can enjoy a cost of living that is 16.9% lower than the national average, allowing them to have a budget for the nicer things – think local trips, luxurious food, or even domestic help to make your golden years easier.
4. Vestavia Hills
Insider Monkey Score: 70
Livability: 83
Cost of Living Index: 87
Average One-bedroom Rental: $899
A residential community, Vestavia Hills is a dual-county city located in the counties of Shelby and Jefferson. The place is best known for its rich Southern hospitality which is evident in the city’s eateries, leisure spots, and friendly people. For retirees living on Social Security, Vestavia Hills brings more good news – a cost of living that is 13% lower than the national average.
3. Montgomery
Insider Monkey Score: 70
Livability: 64
Cost of Living Index: 79
Average One-bedroom Rental: $750
Our next pick has the lowest cost of living index on our list. Alabama’s capital city, Montgomery has a cost of living that is 21% lower than the national average. However, the city’s affordability is not a sign of disappointment when it comes to its facilities. Residents can visit the Montgomery Zoo & Mann Wildlife Learning Museum, the Montgomery Riverwalk Stadium, and The National Memorial for Peace and Justice.
2. Dothan
Insider Monkey Score: 71
Livability: 62
Cost of Living Index: 80.4
Average One-bedroom Rental: $688
Rounding off our top two pick is the city of Dothan. Located in Houston County, the city is financially favorable for retirees looking to live solely on Social Security income as it carries a cost of living that is 19.6% lower than the national average. The city’s rental figures are indicative of this, with average prices hovering below the $700 mark. As for activities, the city is famously known as the ‘Peanut Capital of Alabama’ and is host to the National Peanut Festival.
1. Florence
Insider Monkey Score: 83
Livability: 82
Cost of Living Index: 82.1
Average One-bedroom Rental: $689
Our top choice for the best places in Alabama for a couple to live on only Social Security is Lauderdale County’s Florence. A college town, Florence hosts the University of North Alabama, carrying with it the benefits associated with said towns – including a low cost of living. Residents can visit the Frank Lloyd Wright – Rosenbaum House Museum, interact with nature at McFarland Park, and give into their artistic side at the Kennedy – Douglass Center For The Arts.
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