30 Cities With the Most Financially Secure Seniors

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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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