This article looks at the 5 best places in Mississippi for a couple to live on only Social Security. If you wish to check out our detailed analysis on Mississippi, a low-cost retirement haven with hidden high grocery expenses, you may go to 15 Best Places in Mississippi for a Couple to Live on Only Social Security.
5. Jackson
Insider Monkey Score: 38
IM Cost of Living Index: 79.5
Average Rent (2-bedroom): $892
Median Home Price: $170,000
Livability Score: 67
Jackson isn’t just the best place to retire in Mississippi, its one of the top places in the state to live on only Social Security. The capital of the state is home to a vibrant cultural scene, reputable hospitals and healthcare facilities, and many parks, golf courses, and community centers. The cherry on top is that living expenses here are 20.5% lower than the national average, and home prices are well below the national median.
4. Laurel
Insider Monkey Score: 40
IM Cost of Living Index: 78.9
Average Rent (2-bedroom): $950
Median Home Price: $159,000
Livability Score: 69
Making it to the fourth place on our list of best places in Mississippi for a couple to live on only Social Security is Laurel, an affordable city to retire in Jones County. Laurel suits retirees looking for a place with a small-town vibe, mild climate, and proximity to nature. Larger cities such as Hattiesburg are in close proximity, offering access to additional amenities.
3. Tupelo
Insider Monkey Score: 40
IM Cost of Living Index: 78.1
Average Rent (2-bedroom): $848
Median Home Price: $280,000
Livability Score: 72
Situated in northeast Mississippi, Tupelo is more than just the birthplace of Elvis Presley. Of Course, there is live music and festivals, but Tupelo also boasts numerous historical and cultural attractions, a wide range of amenities, and a vibrant downtown. The Natchez Trace Parkway, a scenic drive that passes through Tupelo, offers retirees the opportunity for hiking, biking, and enjoying the outdoors. There are also golf courses and lakes in the area for those who enjoy like to lead active lifestyles.
2. Grenada
Insider Monkey Score: 48
IM Cost of Living Index: 74.9
Average Rent (2-bedroom): $675
Median Home Price: $196,500
Livability Score: 66
Characterized by a woody landscape, Grenada is the ideal place for nature lovers. It homes many expansive parks, green spaces, and the beautiful Grenada Lake, a large reservoir known for its recreational opportunities. Living expenses here are 25% lower than the national average, making it feasible to manage life on only a Social Security.
1. Mathiston
Insider Monkey Score: 51
IM Cost of Living Index: 78.5
Average Rent (2-bedroom): $794
Median Home Price: $121,000
Livability Score: 70
Based on our methodology, the best place in Mississippi for a couple to live on only Social Security is Mathiston. Located in Choctaw County and Webster County, Mathiston boasts rural charm, mild climate, and proximity to outdoor recreational areas. Financially, it allows retirees to stretch their retirement incomes the farthest with its low home prices and overall living expenses. Larger cities such as Starkville and Columbus are within reasonable distance, offering access to additional amenities.
If you wish to check out our detailed analysis on Mississippi, a low-cost retirement haven with hidden high grocery expenses, you may go to 15 Best Places in Mississippi for a Couple to Live on Only Social Security. At Insider Monkey, we delve into a variety of topics, ranging from the best online ESL courses 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.
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