March 5 2024- The cost of retirement in the U.S. can vary from state to state, with some places requiring as much as $73,140 a year. This has led many Americans to consider retiring abroad, where they can live on a lower income without compromising their quality of life. According to the Social Security Administration, the average monthly Social Security check in November 2023 was $1,710.78. About 48% of retirees in 2022 reported spending less than $2,000 a month. Retiring abroad could be an option to make the retirement budget go further, and U.S. News and World Report compiled a list of countries where retirees can live on $1,000 per month.
https://www.cnbc.com/2024/03/01/us-news-world-report-most-affordable-places-retire-abroad.html
