5 Best Places to Live on Social Security Check Only

4. Lincoln, Nebraska

Insider Monkey Score: 3

In 2017, 3000 people of retirement age moved to Nebraska and Lincoln is one major reason behind this move. A city in Nebraska, Lincoln offers lots of cultural activities and entertainment options for retirees. The cost of living in the city is around 8% lower than the national average. Home to the University of Nebraska, the city offers abundant local food and a thriving business environment that even retirees can benefit from. There are lots of bars, coffee shops, and parks too. However, one thing to note is that the state doesn’t provide any deduction or exemption on retirement incomes except military retirement income.