<p>ok…when i said several thousand, I didn’t mean 3k. To me, that would be a few thousand, not several thousand.</p>
<p>that said, if they are living only on SS, even paying 3k per year would be tough. For many or most, that would be more than 10% of their income.</p>
<p>but, since several thousand (to me) is more like 6k+, most retirees couldn’t afford that. High property tax states are going to lose retirees, which could be a problem if they are relying on households who dont have K-12 children to help fund those schools.</p>
<p>from US News:
““Most retirees have very modest incomes. The median income for people age 65 and older was $27,707 for males and $15,362 for females in 2011. The typical household headed by someone age 65 or older had a median income of $48,538. The median income increased by 2 percent between 2010 and 2011 after adjusting for inflation. Almost 3.6 million elderly people (8.7 percent) lived below the poverty level in 2011.””</p>