This Southern State Is the Most Affordable Place to Retire in the U.S.

Hoping to retire a few years early? You may want to consider moving to Mississippi.

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Retirement is personal and depends on many aspects, such as how well you want to live in your

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elder years, but you can get there sooner. Find areas to live where your retirement dollar goes further.

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GoBankingRates calculated the average retirement income needed to live comfortably in all 50 states and DC.

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According to the report, researchers examined “an individual’s spending on groceries, healthcare, housing, utilities, and

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transportation” to reach this conclusion. To construct a “comfortable” budget, the team computed the annual retirement income needed to

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meet these living expenses and added 20%. Social Security payouts, pension income, and savings account interest are not included.

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Mississippi spent $44,059 annually. After adding the 20% “comfort buffer” of $11,015, the “cost of a comfortable retirement” was $55,074.

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