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Then, using the 50/30/20 rule, the household income needed to live comfortably in each state was found.
Heres a look at the states where retiring comfortably costs the average couplemore than $100,000 a year.
In terms of overall affordability for a retired couple to live comfortably, Texas ranks No.
18 among the states, while Georgia ranks No.
24, North Carolina ranks No.
25, Florida ranks No.
30 and Arizona ranks No.
Methodology: For this study, GOBankingRates analyzed each state to find the cost of living for retired couples.
The average single-family home value was sourced from the Zillow Home Value Index for September 2024.
Using the average mortgage and expenditure costs, the total cost of living was calculated.
All data was collected on and is up to date as of Oct. 22, 2024.
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