# Cost of living
Report Says Social Security Won't Meet Basic Needs of Most Older Americans
A report issued by the Elder Index site indicates that Social Security benefits won't meet even the basic needs of older Americans who depend on it. The report, issued in April 2022 was issued before this year's massive 9.1% year-over-year inflation surge. It indicates that Social Security covers just 68% of basic living expenses of housing, food, transportation, and health care for a single renter in 2021. And for an older couple it covers just 81% of those needs.
Energy bills spike in Texas--adding about $80 to the average electric bill
Electric bills increase as much as 70 percent in Texas -Mikhail Nilov/Pexels. Have you received your energy bill yet? Texans can add another shocker to the cost of living. The Texas Standard reports, “Residents are seeing a spike in the cost of their home electricity bills this summer—reaching rates as much as 70% higher than this time last year.”
Rents as low as $900 per month make this one of the most affordable cities in Tennessee
Renters across the United States continue to scramble to find affordable housing as rents reach new highs each month. The median one-bedroom rent is now $1,414 a month, while the median rent for a two-bedroom unit comes in at $1,758 a month.
Florida Leads the U.S. for Property Price Growth in the Last Year With an Average 34.8% Increase – But Can It Last?
The latest numbers are out, and it would seem that the average price of homes in Florida has topped the average of all other states. Data from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which measures the variation in property prices year-on-year in 20 metropolitan areas across the United States was reported on May 31.
The Top 5 American Cities for Overpriced Rent Are in Florida, According to a Recent Survey
Renters are sofa-surfing or taking extra jobs to avoid homelessness. A recent survey published by Florida Atlantic University has revealed the true scale of Florida's housing crisis, and demonstrates how the problem is uniquely Floridian.
How Migration Affects Inflation In America
Inflation in America is at an all-time high affecting millions of Americans, but these places are worse off than others due to the hordes of people migrating to these cities. According to a Redfin analysis report, these American cities are most affected by inflation. The sunbelt used to be a place where people would move to get cheap housing, cost of living, and warm weather, but this is changing as what was once affordable is quickly rising into an unaffordable nightmare. Common migration destinations for homebuyers are Phoenix, Tampa, and Atlanta. These American cities have the highest inflation rates in the U.S. According to the Bureau of Labor Statistics (BLS), prices were up 8.5% year over year in March throughout America, the highest rate in 40 years. 2% is what is an acceptable rate according to economic analysts and policymakers.
These California cities ranked lowest on U.S. News & World Report "best places to live" list
Several California cities were ranked at the very bottom of the U.S. News' annual list of the "150 Best Places to Live in the United States." Read on to find out which California cities made up the bottom of the list and why.
It now costs more than $7,769 a month to live "modestly" in Central Florida
If you were wondering how much it actually costs to live in Central Florida, a new study reveals the breakdown of expenses, and it's worse than most of us thought. Jack F/Getty Images (Canva Pro license)
Thinking of Selling Your Home and Leaving Florida? A Survey Says Sellers Will Get the Best Price by Selling on May 23
Getting the best price for your home is a matter of timing. Woman moving homePhoto by Zachary Kadolph on Unsplash. It now seems that the cost of living in Florida is out of control, in part due to the escalating cost of housing. Democratic challenger for the gubernatorial election was recently quoted as saying that "Floridians can't afford Florida anymore" and a big part of that is the rapidly rising rents and property prices in the state.
The Price of Oil Has Dropped 15% From Its High, but Gas Just Hit a New Record High in Florida – $4.47 per Gallon
Florida's drivers have become used to the price of gasoline steadily increasing. It was put down to oil shortages as a knock on from the pandemic when oil companies slowed down production. Then the Russia-Ukraine conflict reduced the supply of Russian oil as sanctions took hold.
How Expensive is it to Travel in Valdez, Alaska?
Today we're breaking down some of the expenses we've had in Alaska while we travel through Valdez, one of our favorite towns in the whole state! Follow for more van life adventures: <a href="https://www.instagram.com/fnavanlife">https://www.instagram.com/fnavanlife</a>
Gov. Kemp’s Plan To Refund $1.1 Billion to Georgia Taxpayers Begins This Week – Did You File 2020 and 2021 Tax Returns?
On May 12 it was confirmed that from this week onwards, some taxpayers in Georgia will begin receiving automatic refunds expected to total around $1.1 billion. The refunds were announced in March of 2022 when Governor Brian Kemp signed legislation (HB1302) that will return the funds as a one-time windfall payment to taxpayers who have filed a tax return in 2020 and 2021 tax years.
How Expensive are Groceries in Alaska?
Today we're filling our cart, but will it break the bank? What are Food prices like in Alaska? Follow for more van life adventures: <a href="https://www.instagram.com/fnavanlife">https://www.instagram.com/fnavanlife</a>/
Never late for a 5 de Mayo Meal in Florida (English & Spanish)
The cost of living in Florida could be a little pricy, but it all depends on where you go. So I created this short story on 5 de Mayo when I was driving back home, and then I smelled delicious food. All right, this video is not long; enjoy! Stay tuned for more international videos. Video in English and Spanish with English Subtitles.
Floridians Expected To Spend More on Mother’s Day Than Ever Before – Out of Generosity or Because of Inflation?
Mom with young kidsPhoto by Jessica Rockowitz on Unsplash. On Mother's Day 2022 - May 8 - it would seem that Florida's moms can expect a little more in the way of recognition from their offspring. A recent survey carried out by the National Retail Federation reported that it expects $3.6 billion more than last year to be spent as Americans recognize their mothers by spending a little more than usual.
Building A Financial Safety Net Is Crucial
Battery Park, New York, United StatesPhoto by Riley Farabaugh on Unsplash. There are many reasons to hope that 2022 will be easier than the last two years. The U.S. economy has been recovering well from the pandemic strains, and the rate of unemployment is significantly lower than during the crisis.
What Is The Cost Of Living Crisis?
The View from The Shard, London, United KingdomPhoto by Benjamin Davies on Unsplash. In what has been named a ‘cost of living crisis,’ analysts are currently warning Brits that they can expect to see a rise in poverty only ever experienced during times of recession. As part of the crisis, lower-income families are being hit the hardest, struggling to cover their basic expenses and failing to receive sufficient government support.
Gov. DeSantis Announces 9 Sales-Tax Holidays and Exemptions for Florida: Help To Deal With the Rising Cost of Living?
Tax holidays for children's books, power tools and much more. Florida's Governor Ron DeSantis has just announced a series of nine separate sales-tax holidays and tax exemptions, spread out through the coming year.
27-Year-Old TikTok User From Florida Shares That She’ll Be Moving Back In With Her Parents After $900 Rent Increase
A TikTok user from Florida has released a video on the social media platform, that's currently going viral, suggesting that she's hit a nerve amongst the public. The topic of the video - what she terms Florida's housing crisis.