Devin Jacobs
Ever wondered where Social Security payouts stretch the furthest? The state you call home greatly affects how much you receive. Some states dish out heftier checks than others, and we’ve got the scoop on which states top the list for the largest payouts.
Connecticut
Thanks to the state’s strong income levels, the standard monthly income here is notably high, making it an appealing option for retirees. While the cost of living can be steep, the state’s relatively low taxes on benefits add a nice cushion with an average monthly payout of $2,020.41.
New Jersey
Don’t be too quick to write off New Jersey as just another expensive East Coast state. Seniors here often see larger Social Security checks, with a monthly due of $2,020.14. Plus, New Jersey doesn’t have tax benefits, a win for citizens looking to stretch their dollars further.
Delaware
Known for offering some of the highest payments in the country, with a standard monthly pay of $1,998 and a median of $1,979, Delaware stands out by not taxing these benefits—a major financial win. The state also maintains a lower cost of living compared to its neighbors.
New Hampshire
Imagine living in a state where neither your income nor your purchases are charged—sounds like a win, right? With an impressive average allowance of $1,994, it’s clear that New Hampshire’s residents are winning.
Maryland
While Maryland taxes some retirement income, Social Security benefits are completely exempt, giving your finances a little extra breathing room. Maryland’s proximity to Washington, D.C., and its wealth of activities make it an attractive choice for retirees. Notably, the allowance averages at $1,960.
Washington
The state doesn’t charge your income, so your Social Security check remains untouched, and you get an average monthly income of $1,933. While living costs can vary, Washington’s breathtaking scenery and the bonus of no income tax make it an enticing choice for your golden years.
Minnesota
While they tax Social Security benefits to some extent, recent reforms have made them much more retiree-friendly. Nearly 857,000 beneficiaries enjoy an average monthly due of about $1,924. In addition, Minnesota has a top-notch healthcare system and strong community services.
Michigan
When you think of retirement destinations, Michigan might not top your list, but it’s a state that deserves serious consideration. It offers retirees a moderate cost of living, an average monthly income of $1,918, and a median payment of $1,931; it’s no wonder 1.6 million beneficiaries call Michigan home.
Massachusetts
Living in Massachusetts might come with a high price tag, but when it comes to Social Security perks, this state truly delivers. Massachusetts doesn’t charge Social Security benefits, has a standard monthly dole of $1,910, and has a strong economy backing it so seniors can enjoy a fulfilling lifestyle.
Utah
Yes! The state does tax Social Security benefits, but it balances this with a reasonable cost of living. With a regular monthly due of $1,901, you can see how those dollars can go a long way in a state known for its vibrant economy and active lifestyle.
California
Sure, cities like San Francisco and Los Angeles come with a steep price tag, but California’s vast and varied landscape offers plenty of retirement-friendly communities. Let’s not forget the year-round pleasant weather and the monthly benefit of $1,670, which makes California a standout.
Florida
With no state charge on Social Security benefits and a much lower cost of living, especially in its charming smaller towns, Florida makes your dollars go further. It has a large retiree population, many senior-focused communities and services, and a monthly payment of $1,814.
Texas
Since Texas doesn’t tax income, you can pocket your full Social Security check. Combine that with the state’s lower-than-average cost of living, and you’ve got a recipe for a comfortable retirement. Whichever part of Texas you choose, you receive a monthly perk of $1,814.
Pennsylvania
Its relatively high benefits, particularly in regions with higher wages, only add to its appeal, and the $5.1 billion in annual perks make it clear that retirees here are well taken care of. Also, the state doesn’t charge Social Security allowance and has a moderate cost of living.
New York
While the bustle of New York City might be pricey, upstate New York offers a more affordable alternative without missing out on the state’s cultural and recreational scene. So, if you’re after a lively retirement with plenty to do, New York’s standard monthly income of $1,873.83 speaks for itself.