In this article, we will discuss the 5 best places in Indiana for a couple to live on only social security. You can read our detailed discussion of senior living communities and see the 15 Best Places in Indiana for a Couple to Live on Only Social Security.
5. Wabash
Insider Monkey Score: 11.60
Livability Score: 77
Average Rent: $698
IM Cost of Living: 79.7
Wabash is located along the Wabash River in central Indiana. It is an extremely affordable destination with an average rent of just $698 and cost of living over 20% lower than the national average, making it one of the best places in Indiana for a couple to live on only social security.
4. Muncie
Insider Monkey Score: 11.87
Livability Score: 81
Average Rent: $1,029
IM Cost of Living: 76.2
Despite being a relatively smaller city, Muncie is extremely well connected with urban centers such as Fort Wayne and Indianapolis due to its location. It is a historic town that is now home to the Ball State University. It offers a blend of small-town charm and culture that makes it an extremely pleasant retirement destination.
3. Logansport
Insider Monkey Score: 11.91
Livability Score: 77
Average Rent: $782
IM Cost of Living: 76.2
Logansport sits at the junction of the Eel and Wabash Rivers and is home to some of the most picturesque residential communities in the state. Apart from its natural appeal, it is also home to a wide range of eateries, museums, and parks, making it one of the best places in Indiana for a couple to live on only social security.
2. Peru
Insider Monkey Score: 12.28
Livability Score: 77
Average Rent: $650
IM Cost of Living: 76.2
Peru is one of the best places in Indiana for nature lovers to settle into. It lies close to both the Seven Pillars Nature Preserve and the Asherwood Nature Preserve, thus offering plenty of attractions for retirees to explore. Moreover, Peru offers a rich cultural heritage and is considered to be the Circus Capital of the World. The Circus Hall of Fame is a museum located in the city that commemorates the city’s affection for art and culture.
1. Richmond
Insider Monkey Score: 13.33
Livability Score: 82
Average Rent: $695
IM Cost of Living: 73.8
Located in far eastern Indiana, Richmond is a small town that offers access to two major urban centers. It lies just over an hour from both Indianapolis and Cincinnati, thus allowing residents to have frequent access to big city amenities. Richmond offers a youthful energy, courtesy of the fact that it is home to several colleges and educational institutions such as Earlham College and Indiana University East. In addition, its cost of living is over 26% lower than the national average, while the average rental price is under $700. Thus, Richmond isn’t only one of the most enriching retirement destinations in the Midwest, but also the best place in Indiana for a couple to live on only social security.
To learn about other places in Indiana to live on only social security, you can check out our detailed report on the 15 Best Place in Indiana for a Couple to Live on Only Social Security.
At Insider Monkey, we delve into a variety of topics, ranging from the best places to retire to business aspects; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
