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The quality, availability, and cost of healthcare should be a major concern for retirees and should be factored into your overall retirement plan. New Mexico scores fairly well on this count ...
Read Next: America’s 50 Most Expensive Retirement Towns. ... New Mexico. Total cost of living comfortably for 30 years: $2,498,465. Sean Pavone / Getty Images/iStockphoto. Tennessee.
GOBankingRates looked at how much it costs to live in Arizona, Colorado, New Mexico, Nevada and Utah and determined the best places to retire in if you're living off $1,630.90--the average monthly ...
Alabama. Annual cost of a comfortable retirement: $56,048 Retirement savings needed at 60: $1,120,967 Retirement savings needed at 70: $560,483 Learn More: 8 States To Move to If You Don’t Want ...
Estimated Annual Income to Live Independently in Retirement. ... New Mexico. $22,924.64. $22,692.00. ... in a state not on this list if you live in an area with a low cost of living and receive ...
Maryland is one of the more expensive states for retirees to live in, but a lot of the older residents can afford it: It’s one of the states with the richest retirees. ... 17. New Mexico Annual ...
According to U.S. News, in Hickory, “The low cost of housing helps retirees live well on a modest income.” The median home price is $219,950 and renters pay a median of $743 per month ...
It also includes Hawaii, the most expensive state of all, which requires more than $3 million in savings for a 20-year comfortable retirement. Specifically, for a comfortable retirement to age 85 ...