How Much Do Retirees Get From Social Security In Each State?

Published on 11/12/2019
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Hawaii

On Niche.com it states that most retirees in the state prefer to live in Maunawili, O’ahu. A lot of the time, this tropical state is attractive to nature lovers as it boasts an array of beautiful yet delicate natural beauty. There are roughly 1.4 million people living in the state and the average income of people 65 years and older is more than $71,000. Having said that, the cost of living in Hawaii is much higher than the average in the U.S. To be more specific it is higher by 87%, which is why the state of Hawaii is not always the best choice for people who are looking to make their savings last for a long time.

Hawaii

Hawaii

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California

Next up, we have sunny California. For those looking for a place with great weather then you should really consider The Golden State. In terms of the cost of living, prices in the state are 52% higher compared to the national average. Also, if you’re looking for somewhere that is private and somewhat remote, then no, California is not the place for you! According to retirees, the best zip code is in Beverly Hills but the costs can get pretty exorbitant. In fact, 19% of the state’s population live below the poverty line, as revealed by the U.S. Census Bureau, so even though you may want to retire here, having a part ime job lined up prior to making the big move might be something to consider.

California

California

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