Quote:
Originally Posted by Bill14564
I think it would be difficult but probably possible.
Figure $900/month for annual tax bill, utilities, and amenity fee. Another $500 (?) for groceries and $300 for home and auto insurances bring the total up to $1,700 per month.
If an average SS check is $1,900 then it looks like it is possible to live here on SS alone.
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I agree with your numbers, but you have not included anything for rent/mortgage payment. So you are assuming the person has enough resources to purchase a home free and clear.
Also, that leaves a very small amount for recreation activities.