Ten States with the Least Expensive Senior Living Costs
Retirees looking to relocate during their golden years typically consider cost-of-living expenses such as taxes and real estate, but one often-overlooked factor seniors should take into consideration is assisted living expenses. According to Yahoo! Finance, assisted living facilities typically offer help with things like cooking, transportation, and household chores. Because they don’t necessarily provide healthcare, they aren’t usually covered by Medicaid.
If you think your senior living situation might involve assisted living, you should consider moving to one of these states: Indiana, Kentucky, New Mexico, Illinois, Oklahoma, Minnesota, Iowa, South Dakota, Georgia, and Louisiana (which was named the most affordable state for assisted living with an average cost of $2,946).
And just in case you were wondering, the most expensive state for assisted living is New Hampshire. At $8,248, its costs are nearly double the national average of $4,401.
The Seniors Trust is committed to improving the financial well-being of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and will ensure the long-term solvency of the Social Security program.
