This article takes a look at the 15 best places in Arizona for a couple to live on social security.
Arizona: A Retiree’s Oasis
According to the United Van Lines 46th 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.
Pixabay/Public Domain
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.
5. Fortuna Foothills
Insider Monkey Score: 17
Cost of Living Index: 95
Average Monthly Rent: $1,450
Median Home Price: $322,000
The quaint Fortuna Foothills can be an ideal place for retired couples seeking peace and tranquility in their golden period. This region experiences a warm and sunny climate, perfect for retirees who wish to spend time outdoors hiking, golfing, and exploring the desert landscape. Its proximity to Yuma, a larger city in Arizona, grants it additional amenities and healthcare services. The cost of living in Fortuna Foothills is 5% lower than the national average, and retired couples can manage to live on social security.
4. Parker
Insider Monkey Score: 18
Cost of Living Index: 93.5
Average Monthly Rent: $2,000
Median Home Price: $288,000
Living on social security alone can be possible in many cities and towns within Arizona, one of which is Parker. Boasting a cost of living that is 6.5% lower than the national average, the city is known for its scenic location along the Colorado River. Retirees get to enjoy many water-based activities here, and can even explore the nearby national parks and natural attractions.
3. Sierra Vista
Insider Monkey Score: 20
Cost of Living Index: 92.9
Average Monthly Rent: $1,048
Median Home Price: $280,000
Embraced by mountains and located in the desert, Sierra Vista offers a picturesque setting for retirees. Attractions like the Fort Huachuca Museum and the San Pedro Riparian National Conservation Area are a treat for history buffs, while active retirees tend to seek solace in places such as the Coronado National Forest and the Huachuca Mountains located nearby. Retirees especially love it for its small-town atmosphere and close-knit community.
2. Yuma
Insider Monkey Score: 21
Cost of Living Index: 91
Average Monthly Rent: $1,363
Median Home Price: $310,000
Known for its desert climate, Yuma is home to 300 days of sunshine, plenty of outdoor activities, and a vibrant snowbird community. Historical sites, museums, and cultural attractions provide retirees the opportunity to explore Yuma and keep busy. Healthcare facilities here are adequate, and many retirees choose to live in retirement communities that the city offers. Finally, residents love Yuma for its historic downtown which is brimming with shopping, dining, and entertainment options.
1. Bullhead City
Insider Monkey Score: 22
Cost of Living Index: 90.5
Average Monthly Rent: $1,450
Median Home Price: $303,000
If you can beat the heat, Bullhead City can be the best place for you to live as a retiree. Sitting along the Colorado River and neighbor to the Black Mountain Range, Bullhead City is a riverside resort home to 29.9% of seniors aged 65 and above. There are a good number of parks, restaurants, golf courses, and even a Senior Center in this city. Known as the Bullhead City Senior Center, the organization conducts many activities for seniors and even helps those with low income in endeavors such as maintaining their homes.
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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.
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