5 Best Places to Live on Social Security Check Only

2. Augusta, Georgia

Insider Monkey Score: 3

Blessed with warm weather and a low cost of living, Augusta is quickly becoming a desired place to retire for seniors. U.S. News and World Report state that retirees can easily afford to live here with a retirement income of less than $40,000 per year. Lots of cultural and outdoor activities, proximity to medical services and facilities, affordable housing, and a low cost of living make it one of the best places to retire. Residents who are 60 years or older need to pay $626 only, while homeowners need to pay $1,064 having a mortgage. Those who have paid off their homes need to pay $353 only.