Seniors Are the Most Financially Secure in These Cities in 2021: Report

A report from financial technology company SmartAsset named U.S. cities where seniors are the most financially secure, according to Fox Business . Florida's retirement community, The Villages, ranked first on the list, while Hialeah, also in Florida, is the least-financially secure city for older Americans. The Villages has an average senior retirement income of $65,995, while the poverty rate for seniors is just 4.4 percent. Meanwhile, the average senior retirement income in Hialeah is $27,886 and its poverty rate for seniors is 30.2 percent. The four most financially secure U.S. cities after The Villages include Surprise, Ariz.; Huntsville, Ala.; Anchorage, Alaska; and Lexington, Kent. For its findings, SmartAsset compared the 100 U.S. cities with the largest population of people 65 and older based on seven measurements, including the percentage of seniors who own their own homes and average senior retirement income.