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24/7 Wall St.: States Where Seniors Cannot Afford to Live

8. Mississippi

Elderly economic security gap: $7,216
Median elder income: $14,000 (the lowest)
Annual cost of comfortable living for an elder: $21,216 (25th lowest)
Life expectancy in years: 74.8 (the shortest)
Housing costs per month: $579 (19th lowest)
Health care costs per month: $403 (21st highest)

While most of the states with the biggest economic security gap have some of the highest costs of living for the elderly, Mississippi’s costs are relatively low. The average annual costs for comfortable living in the state is $21,216, only the 25th-lowest rate in the country. But while costs are lower, incomes are lower still. Mississippi state residents have the highest poverty rate in the country of 21.8% and the lowest general median income of $36,851. The elderly income of $14,000 a year is also the lowest in the nation. To the extremely poor residents of the state, even these relatively moderate costs weigh heavily on the retired.

(AP Photo)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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