The cost of housing has to be a major consideration for retirees looking to make their savings last, considering that it eats up such a large share of annual income.
Experts recommend that people spend no more than 30 percent of their income on housing, but the cost of a place to live has risen steadily despite the fact that salaries haven't — and the 30 percent recommendation has been around for years.
Related: 10 best-paying cities for women
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