The 10 cities where retirees receive the highest income

Retirement income can vary drastically across the United States. In some cities, retirees enjoy an average annual income of more than $85,000 — over 50% higher than the national average, according to a new study.

Typical retirement income in the United States hovers around $54,000 a year — far below the median national household income of $80,610. But how much retirees can expect annually can range anywhere from $33,900 to $85,400 depending on the city, according to an analysis of U.S. Census Bureau data by advisor lead generation and client matchmaking service SmartAsset.

The study analyzed 344 of the largest U.S. cities with available data, ranking them based on retirement income. This included funds from designated accounts such as pensions, 401(k)s, IRAs and 403(b)s, along with income from Social Security retirement benefits. The data was sourced from the U.S. Census Bureau's 2023 one-year American Community Survey.

https://www.benefitnews.com/list/smartasset-top-10-cities-for-retiree-income