A new ranking studies the average household retirement income for senior households (aged 65 or over), and average Social Security income for senior households in 100 U.S. cities.
The data show that retirees who live in cities with higher costs of living tend to have larger retirement incomes. The seniors who rely the least on Social Security live in Washington, D.C, San Diego, and Boston, which rank 100th, 91st and 90th, respectively, on SmartAsset's list. By comparison, in number one-ranked Hialeah, Florida, Social Security was 54.21 percent of overall retirement income.
Seven of our top 10 cities where retirees are most reliant on Social Security are in the Midwest. One benefit for seniors living in the Midwest is the relatively low cost of living ... Reliance on Social Security among the cities in our top 10 runs from 54 percent of retirement income to 48 percent. From the top-ranking city, Hialeah, to no. 99, Sacramento, the difference is only 21 percent.
