SENIORS LIVE ON $100 A DAY

Jul 22nd, 2012 | By Sharon Shaw Elrod MSW EdD | Category: Lifestyle, Health & Fitness

Frugal Lifestyle and Low Cost Living

Senior citizens are always looking for ways to reduce costs and live within what their fixed income will allow.  An article addressing this concern recently caught our eye.  Ten cities are identified as providing retirement living at $100 a day. The article tells how they determined the ten best:

“To determine these select places, we began with a theoretical income of $36,500, or $100 a day. After taxes (at 25 percent) that is $27,375, or $2,281 a month. We looked for a median housing cost of $192,000, which means a mortgage of about $719 a month, leaving $1,562 a month for everything else.


We pared a list of 200 cities down to 10 by homing in on things that make life worth living: the arts and culture, colleges, restaurants, community.”  (AARP The Magazine, July 17, 2012)

They are summarized here for your perusal:

 

 



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