The Most and Least Affordable Housing Markets for Retirees

With housing costs increasing across the country, where you live impacts how well you live. An article by Philomath News cited the results of a Smart Asset study into where Social Security benefits are highest and lowest when compared with housing expenses. They began by analyzing data for 100 cities with the largest populations aged 65 and older and compared average annual Social Security income and median annual housing costs.

Turns out the Midwest offers the best value for retirees, while — no surprise — California is the most expensive place for retirees to live. In case you were wondering, retirees get the biggest bang for their buck in Wichita, Kansas, and will spend the most in San Francisco, California.

The Seniors Trust is committed to improving the financial well-being of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), and increased minimum benefits.