30 Cities With the Most Financially Secure Seniors – MASHAHER

Where you retire can have a big impact on your financial standing, given the variability of living costs, average income in retirement and overall economic climate in different cities across the U.S.

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To determine the cities with the most financially secure seniors, MutualFund.com analyzed 170 U.S. cities with populations exceeding 150,000 based on variables including senior poverty rates, homeownership rates, mortgage status, reliance on food stamps, private retirement income and household earnings.

Based on that analysis, these are the U.S. cities with the most financially secure seniors.

1. Cary, North Carolina

• Senior poverty rate: 7.2%

• Percent of senior homeowners: 77.4%

• Percent of seniors on food stamps: 2.7%

• Average household retirement income: $40,571

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2. Huntington Beach, California

• Senior poverty rate: 8.1%

• Percent of senior homeowners: 76.6%

• Percent of seniors on food stamps: 4.5%

• Average household retirement income: $48,763

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3. Fremont, California

• Senior poverty rate: 6.8%

• Percent of senior homeowners: 79.1%

• Percent of seniors on food stamps: 4.3%

• Average household retirement income: $46,263

4. Madison, Wisconsin

• Senior poverty rate: 7.2%

• Percent of senior homeowners: 73.6%

• Percent of seniors on food stamps: 7.5%

• Average household retirement income: $44,736

5. Scottsdale, Arizona

• Senior poverty rate: 9.8%

• Percent of senior homeowners: 81.2%

• Percent of seniors on food stamps: 2.1%

• Average household retirement income: $45,771

6. Plano, Texas

• Senior poverty rate: 7.3%

• Percent of senior homeowners: 72.6%

• Percent of seniors on food stamps: 2.5%

• Average household retirement income: $38,150

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7. Huntsville, Alabama

• Senior poverty rate: 9.0%

• Percent of senior homeowners: 81.4%

• Percent of seniors on food stamps: 7.5%

• Average household retirement income: $38,788

8. Sunnyvale, California

• Senior poverty rate: 8.1%

• Percent of senior homeowners: 75.6%

• Percent of seniors on food stamps: 4.5%

• Average household retirement income: $41,169

9. Fort Collins, Colorado

• Senior poverty rate: 8.4%

• Percent of senior homeowners: 78.3%

• Percent of seniors on food stamps: 5.6%

• Average household retirement income: $43,967

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10. Chesapeake, Virginia

• Senior poverty rate: 6.3%

• Percent of senior homeowners: 82.1%

• Percent of seniors on food stamps: 5.5%

• Average household retirement income: $38,267

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11. Alexandria, Virginia

• Senior poverty rate: 6.7%

• Percent of senior homeowners: 63.8%

• Percent of seniors on food stamps: 6.1%

• Average household retirement income: $66,953

12. Tempe, Arizona

• Senior poverty rate: 7.0%

• Percent of senior homeowners: 76.1%

• Percent of seniors on food stamps: 4.5%

• Average household retirement income: $37,776

13. Anchorage, Alaska

• Senior poverty rate: 9.9%

• Percent of senior homeowners: 80.9%

• Percent of seniors on food stamps: 7.4%

• Average household retirement income: $52,406

14. Rancho Cucamonga, California

• Senior poverty rate: 6.1%

• Percent of senior homeowners: 77.3%

• Percent of seniors on food stamps: 7.2%

• Average household retirement income: $41,532

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15. Elk Grove, California

• Senior poverty rate: 7.1%

• Percent of senior homeowners: 80.9%

• Percent of seniors on food stamps: 5.0%

• Average household retirement income: $47,244

16. Colorado Springs, Colorado

• Senior poverty rate: 6.2%

• Percent of senior homeowners: 76.9%

• Percent of seniors on food stamps: 6.7%

• Average household retirement income: $41,394

17. Gilbert, Arizona

• Senior poverty rate: 6.0%

• Percent of senior homeowners: 85.0%

• Percent of seniors on food stamps: 3.2%

• Average household retirement income: $34,627

18. Peoria, Arizona

• Senior poverty rate: 6.7%

• Percent of senior homeowners: 80.8%

• Percent of seniors on food stamps: 3.3%

• Average household retirement income: $33,076

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19. Overland Park, Kansas

• Senior poverty rate: 5.9%

• Percent of senior homeowners: 71.0%

• Percent of seniors on food stamps: 1.0%

• Average household retirement income: $34,655

20. Lakewood, Colorado

• Senior poverty rate: 5.6%

• Percent of senior homeowners: 74.1%

• Percent of seniors on food stamps: 4.9%

• Average household retirement income: $41,640

21. Grand Prairie, Texas

• Senior poverty rate: 6.3%

• Percent of senior homeowners: 74.4%

• Percent of seniors on food stamps: 6.4%

• Average household retirement income: $29,876

22. Lexington, Kentucky

• Senior poverty rate: 7.3%

• Percent of senior homeowners: 75.8%

• Percent of seniors on food stamps: 5.3%

• Average household retirement income: $38,804

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23. Boise, Idaho

• Senior poverty rate: 7.7%

• Percent of senior homeowners: 76.8%

• Percent of seniors on food stamps: 4.9%

• Average household retirement income: $32,697

24. Irvine, California

• Senior poverty rate: 7.9%

• Percent of senior homeowners: 69.4%

• Percent of seniors on food stamps: 4.6%

• Average household retirement income: $48,223

25. Frisco, Texas

• Senior poverty rate: 7.0%

• Percent of senior homeowners: 72.6%

• Percent of seniors on food stamps: 2.4%

• Average household retirement income: $39,046

26. Little Rock, Arkansas

• Senior poverty rate: 8.0%

• Percent of senior homeowners: 77.0%

• Percent of seniors on food stamps: 6.6%

• Average household retirement income: $36,557

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27. Chandler, Arizona

• Senior poverty rate: 7.6%

• Percent of senior homeowners: 81.2%

• Percent of seniors on food stamps: 2.7%

• Average household retirement income: $33,372

28. Virginia Beach, Virginia

• Senior poverty rate: 8.8%

• Percent of senior homeowners: 80.8%

• Percent of seniors on food stamps: 4.3%

• Average household retirement income: $41,131

29. Lincoln, Nebraska

• Senior poverty rate: 9.3%

• Percent of senior homeowners: 74.7%

• Percent of seniors on food stamps: 6.6%

• Average household retirement income: $33,200

30. Clarksville, Tennessee

• Senior poverty rate: 7.0%

• Percent of senior homeowners: 75.8%

• Percent of seniors on food stamps: 6.5%

• Average household retirement income: $27,634

Data is sourced from MutualFund.com and is accurate as of May 9, 2024.

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