This article takes a look at the 15 best places in Arizona for a couple to live on social security. If you wish to skip our detailed analysis on how Arizona is a retiree’s oasis, you may go to 5 Best Places in Arizona for a Couple to Live on Only Social Security.

Arizona: A Retiree’s Oasis

According to the United Van Lines 46^th Annual National Movers Study, Eastern states of the US are witnessing a notable surge in inbound moves, predominantly fueled by the retirement decisions of Baby Boomers and early Gen Xers. Their report reveals some of the top destination states for retirees in the year 2022, which include Wyoming, Delaware, South Carolina, Florida, and Maine. Another state that has made it to their list of places experiencing the highest inbound moves is Arizona. The Grand Canyon state boasts an impressive 34.46% of total retiree relocations who have chosen it as their new home.

In particular, United Van Lines has found that such Americans are moving to lower-density areas fueled by lifestyle changes such as retirement, change in career, and moving close to family.

 “With an influx of new residents, housing prices and other living costs start to increase over time, and these popular destinations become hot spots for inflation. As a result, the study underscored that Americans are moving from expensive cities to lower-density, more affordable regions.”

– Eily Cummings, United Van Lines Vice President of Corporate Communications.

Redfin Corporation (NASDAQ:RDFN), a residential real estate brokerage and mortgage origination service, reports similar observations about housing affordability and relocations in the country. According to their study, a significant one-quarter (25.1%) of Redfin Corporation (NASDAQ:RDFN) house hunters are actively seeking to relocate to more affordable regions within the country. Phoenix, Las Vegas, and parts of Florida are some of the top destinations for relocations, notes the study. Moreover, a 2023 study by Smart Asset also asserts that Arizona has had the highest net gain of seniors for the third consecutive year.

Arizona may not be the best state for seniors to live on social security, since it has a cost of living that is 10% higher than the national average. However, many places within the state are affordable enough for retirees to live on Social Security alone. Many retirees have been doing so throughout the years. Arizona is also home to many cities within the state that have been gaining popularity over the years. One such city in Arizona which has the highest elderly population in the US is Scottsdale. Most of the seniors in Arizona live in Scottsdale, making it one of the best places to live for single seniors. Undoubtedly, seniors have a higher chance of finding a partner for themselves in this city.

Another popular city in Arizona is Phoenix. Such is the extent of popularity of the state and in particular, the city of Phoenix, that retirees are moving here despite worsening heat and drought conditions. Arizona has even stopped issuing home building permits in some areas of Phoenix in June 2023, notes Redfin Corporation (NASDAQ:RDFN). While the number of home buyers moving into the area has slowed, it is still attracting people from outside the state.

“Climate risks haven’t yet stopped many home buyers from moving into areas that don’t have enough water, like Phoenix, and places that could eventually be underwater, like coastal Florida.”

– Redfin Chief Economist Daryl Fairweather

People are moving to these areas despite of the many climate risks because of affordability. This is especially true for individuals relocating from expensive areas of the US. Besides being affordable, Arizona is also one of the states with the highest average social security payments. Coming in at number 18, a typical worker in the state receives $1,802 in social security, on average. Social security benefits aren’t taxed in the state either.

Methodology

To compile the list of best places in Arizona for a Couple to Live on Only Social Security, we have used several sources such as Nasdaq, Best Places, and MSN, to name a few. We have also used expat forums on platforms like Reddit to determine the best places where living on social security is possible. A list was drafted and affordable places were selected from it based on the cost of living index. To acquire an accurate cost of living index, we have used the average of cost of living indices derived from Best Places and Area Vibes.

Places selected have a cost of living index that is 95 or below, implying a cost of living index that is 5% or lower than the national average. The average monthly rent for a 2-bedroom apartment and median listing house prices are also mentioned for each place, sourced from Zumper, Redfin, Zillow, and others. A consensus approach was used to determine the rankings of each place. One point was awarded to each place, each time it was recommended by a source. Scores were totaled and places were ranked in an ascending order from the lowest to the highest scores.

Here are the best places in Arizona for a couple to live on Social Security:

15. Flowing Wells

Insider Monkey Score: 3

Cost of Living Index: 92.5

Average Monthly Rent: $1,423

Median Home Price: $244,000

One of the best places for a couple to live on social security is Flowing Wells. Not only does the city boast a cost of living that is 7.5% lower than the national average, but is also appreciated for its sunny days and outdoor life. Flowing Wells’ proximity to Tucson allows retirees to gain access to additional amenities and attractions. Museums, events, and similar cultural attractions add to the appeal of retiring here.

14. Bisbee

Insider Monkey Score: 5

Cost of Living Index: 88.9

Average Monthly Rent: $1,175

Median Home Price: $293,000

Bisbee is one of the nicest towns for a couple to live on social security. It bears immense historical significance, with retirees exploring restored masterpieces such as Muheim Heritage House, and Bisbee Mining and Historical Museum, amongst others. There are lots of restaurants, bars, and coffee shops spread throughout the city. Moreover, the narrow streets are brimming with cute shops, dozens of art galleries, and lots of cafes. This artsy town also plays host to plentiful arts festivals throughout the year.

13. Benson

Insider Monkey Score: 6

Cost of Living Index: 86.4

Average Monthly Rent: $1,525

Median Home Price: $203,000

One of the best places for low-income seniors to live in Arizona is Benson. Located about 40 minutes southeast of Tucson, the city is known for its friendly locals, small-town vibe, and endless recreation opportunities. The San Pedro River nearby serves as the perfect escape for retirees to spend a day fishing, hiking, and camping. Residents also love to explore the many shops and restaurants in the city. Moreover, the Cochise County Fair held annually is the highlight of this city where people gather and have a good time.

12. Tucson

Insider Monkey Score: 8

Cost of Living Index: 95

Average Monthly Rent: $1,400

Median Home Price: $330,000

Tucson is a popular retirement destination for seniors all over the country. Since many seniors have been coming into the city for retirement, it has developed excellent medical facilities throughout the years. It is ideal for those who love to explore historical sites, discover the beautiful desert landscapes, and live an active lifestyle. The sun-drenched college town is home to an active cultural scene, more than 30 museums, world-class spas and casinos, and much more.

11. Rio Rico

Insider Monkey Score: 9

Cost of Living Index: 87.8

Average Monthly Rent: $1,500

Median Home Price: $269,000

An undiscovered gem for retirees looking to live on social security is Rio Rico. The cost of living in this area is 12.2% lower than the national average, allowing retirees to stretch their dollar incomes. The surrounding landscapes of Rio Rico offer retirees an abundance of recreational opportunities such as hiking, bird watching, and savoring nature. In addition, there are long stretches of golf courses, a beautiful resort, and a rural ambiance that adds beauty to its resort lifestyle.

10. Drexel Heights

Insider Monkey Score: 10

Cost of Living Index: 95

Average Monthly Rent: $1,795

Median Home Price: $325,000

Drexel Heights stands out as an ultimate retirement destination for retirees, offering a unique blend of tranquility, affordability, and natural beauty. Huddled in the magnificent Sonoran Desert, residents in the city are treated to breathtaking mountain views and a warm, arid climate. The area provides easy access to outdoor activities like hiking and exploring desert landscapes. The cost of living is relatively affordable, which is 5% lower than the national average. Additionally, Drexel Heights provides a quieter, suburban setting while still offering proximity to the amenities and cultural offerings of nearby Tucson. Overall, it is one of the best places in Arizona for a couple to live on social security.

9. Coolidge

Insider Monkey Score: 13

Cost of Living Index: 93

Average Monthly Rent: $1,595

Median Home Price: $307,000

One of the best places for senior citizens to live in is Coolidge, Arizona. This city extends a tight-knit community experience, offering residents a tranquil way of life. Besides its affordable living, Coolidge is also revered for its many amenities that are tailored for seniors. The city is brimming with RV resorts, golf courses, and senior activity centers. However, Eloy’s charm mainly lies in its simplicity, making it an appealing choice for those desiring a serene yet budget-friendly retirement experience.

8. Eloy

Insider Monkey Score: 14

Cost of Living Index: 94

Average Monthly Rent: $1,170

Median Home Price: $259,000

Bearing a cost of living that is 6% lower than the national average, Eloy makes it to our list of best places in Arizona for a couple to live on social security. However, Eloy isn’t just known for its affordable rent and housing market, but it is also revered for its skydiving and aviation centers. Retirees get to enjoy an action-packed lifestyle here.

7. Picture Rocks

Insider Monkey Score: 15

Cost of Living Index: 95

Average Monthly Rent: $1,600

Median Home Price: $327,000

One of the best places for senior citizens to live in Arizona is Picture Rocks. Known for its tranquil environment and striking beauty, retirees love to explore ancient rock art that allows glimpsing into the historical significance of this land. Nestled in the captivating Sonoran Desert, Picture Rocks boasts a stunning natural setting that not only provides a serene ambiance but also opens the door to a plethora of engaging activities.

6. Douglas

Insider Monkey Score: 16

Cost of Living Index: 85.9

Average Monthly Rent: $987

Median Home Price: $204,000

Douglas may be small, but it has a lot to offer to retirees. Brimming with history, the city stands as a testament to the past with numerous landmarks and significant architecture in the Douglas Historic District. Beyond its historical charm, it also provides a tight-knit community ideal for retirees seeking friendships and connection. Moreover, the cost of living is 14.1% lower than the national average, offering its residents an affordable lifestyle.

Click to continue reading and see the 5 Best Places in Arizona for a Couple to Live on Only Social Security.

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Disclosure: none. 15 Best Places in Arizona for a Couple to Live on Only Social Security is originally published on Insider Monkey.