New Mexico – $1,323.16
While you might look at the figure of $1,323.16 and do the math in your head to work out that you could live comfortably in New Mexico, you might want to take something into account. That’s because there are 13 states in the United States that tax Social Security benefits and New Mexico is one of them. Because of this, you need to take that $1,323.16 with a pinch of salt, because that’s not really what will end up in your bank account each month.
However, if you can afford to take a slight pay cut, then you can reap the rewards of retirement in New Mexico. Featuring a beautiful climate that will keep the cold away, life in New Mexico continues at a slow pace – and it’s also pretty cheap to live here.
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