Where can retirees live on Social Security alone: Here’s the list

Retirees with a paid-off mortgage may have a better chance of living comfortably on Social Security alone. Without housing debt, retirees can manage their budget for basic living expenses more easily.

A new report by Realtor.com reveals that Social Security benefits alone are now enough to cover the cost of living in only 10 states. Retirees face shortfalls of thousands of dollars each year in all other states.

The analysis is based on median Social Security benefits in each state and the Elder Economic Security Standard Index, which measures the income older adults need to meet basic needs. Realtor.com found that homeownership costs have increased by 26% over the past five years, with hidden costs such as property taxes, homeowners’ insurance, and maintenance being the primary drive