1. Mississippi
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Healthcare prices in Mississippi are barely increased than states like Alabama, Oklahoma, and Tennessee, however Mississippi has among the lowest groceries, housing, and utilities prices within the US, per GoBankingRates.
A retiree could make their financial savings final the longest in Mississippi, which has taken the highest spot since at the least 2019, per GoBankingRates’ knowledge.
Again then, the monetary evaluation web site estimated {that a} retiree would spend about $31,039 per yr, in comparison with an annual $44,059 in its 2023 report.
How lengthy $1 million will final in financial savings: 22 years, 8 months, and 12 days
Retiree’s value of residing right here for one yr: $44,059
Annual groceries value: $4,132
Annual housing value: $7,115
Annual healthcare value: $6,994
