ATLANTA — Planning for retirement can be a stressor for many, but if you plan on retiring on a budget of $3,000, you may be able to retire sooner rather than later.
Although $3,000 may not seem like enough to pay for necessities each month, if you retire in the city of Macon, researchers found you could afford groceries, healthcare, utilities and transportation within that budget.
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According to a study of the 15 southeast cities to retire on a budget of $3,000 a month by GOBankingRates, the average monthly rent in Macon is $1,182.
The study found that Macon falls below the national average for groceries and transportation. GOBankingRates said that the cost for average monthly necessities is around $2,922.
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Researchers said that the only additional charges that would exceed the budget would most likely be utility costs due to high air-conditioning bills during the summer months.
The other southeastern cities named on the list where retiring on a budget of $3,000 are the following:
- Bossier City, Louisiana
- Jacksonville, North Carolina
- Spartanburg, South Carolina
- Roanoke, Virginia
- New Iberia, Louisiana
- Little Rock, Arkansas
- Hattiesburg, Mississippi
- Danville, Virginia
- Charleston, West Virginia
- Johnson City, Tennessee
- Florence, Alabama
- Lynchburg, Virginia
- North Little Rock, Arkansas
- Huntington, West Virginia
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