For retirees across the country, Social Security is a crucial piece of the financial puzzle. While designed to replace about 40% of pre-retirement income, in practice, benefits cover only about 30.11% of retirees’ spending nationwide, according to LendingTree. That gap has many older Americans looking for cities where their dollars go further — and Augusta, Georgia, is one of them.
How Social Security Stacks Up in Augusta
- Average annual spending: $53,869
- Implied pre-tax need: $65,720
- Average Social Security income: $21,317
- % covered by Social Security: 32.44%
In Augusta, Social Security covers more than 32% of average retirement spending, putting it above the national average. That higher coverage means retirees relying on fixed incomes can feel more confident about balancing everyday expenses with long-term financial goals.
Why Augusta Appeals to Retirees
Affordability is one of Augusta’s strongest draws. The city offers lower-than-average housing costs, manageable healthcare expenses, and access to everyday essentials at prices friendlier than many other U.S. metros. Georgia adds to the financial appeal by not taxing Social Security benefits and offering generous deductions on other retirement income, making the state one of the more tax-friendly options for seniors.
But Augusta’s charm extends well beyond the numbers. Known worldwide as the home of the Masters Tournament, Augusta is a city that blends Southern tradition with modern amenities. Retirees can enjoy riverfront walks along the Savannah River, explore historic sites, and take part in a growing arts and cultural scene. With a mild climate, outdoor activities remain accessible nearly year-round.
Healthcare access is another plus: Augusta is home to Augusta University Medical Center and the well-regarded Dwight D. Eisenhower Army Medical Center, providing retirees with reliable local care.
A Retirement Destination With Balance
With Social Security covering nearly one-third of retirement expenses, combined with Georgia’s tax-friendly policies, Augusta offers retirees a balance of affordability, cultural richness, and quality healthcare. For those seeking a Southern city that makes fixed incomes stretch further without sacrificing lifestyle, Augusta stands out as a strong contender.