Child boomers are the least doubtless technology to really feel economically empowered, in accordance with a survey commissioned by Herbalife and performed by OnePoll, per Talker.

Maybe that comes as no shock, contemplating 53% of child boomers who will flip 65 between 2024 and 2030 have lower than $250,000 in belongings, CBS Information reported, and greater than a 3rd of American employees imagine they will want $1 million or extra to retire comfortably.

Associated: Are You Really on Monitor to Retire Properly? A Monetary Skilled Reveals the Crucial Milestones to Hit at Each Age — Plus 3 Widespread Oversights.

Social Safety would possibly have the ability to offset the rising value of dwelling in some circumstances, however for most individuals, the month-to-month funds, which averaged $1,783.55 in August 2024, will not make up for retirement financial savings that fall quick.

In fact, the place retirees reside can considerably impression precisely how far these Social Safety checks go.

Researchers at GoBankingRates got down to decide the dwelling prices that stay after making use of the typical Social Safety advantages (for one particular person), utilizing knowledge from the U.S. Census, Social Safety Administration and Bureau of Labor Statistics.

Associated: Gen Xers Incomes As much as $100,000 a 12 months Will not Retire Like Boomers Did. They’re Embracing This Technique As a substitute.

The findings revealed that Social Safety does not cowl the price of dwelling in any of the 50 largest cities within the U.S. The annual value of dwelling for one particular person after Social Safety is decrease than $10,000 in simply Detroit, Michigan and Memphis, Tennessee.

The annual value of dwelling after Social Safety is roughly $50,000 or increased in 10 U.S. cities, three of that are in California, per the evaluation. The very best common Social Safety advantages are in Mesa, Arizona ($24,338); Seattle, Washington ($24,071); Virginia Seashore, Virginia ($23,345); Raleigh, North Carolina ($23,333); and Tulsa, Oklahoma ($23,242).

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Learn on to see GoBankingRates’ full report, which breaks down how far Social Safety goes within the prime 50 largest U.S. cities (listed from least to most populous):

Arlington, Texas

• Whole inhabitants: 393,469
• Livability: 78
• Annual value of dwelling: $44,148
• Annual value of dwelling after the typical Social Safety profit for one particular person: $21,695
• Annual value of dwelling after the typical Social Safety profit for a married couple: $10,770

Wichita, Kansas

• Whole inhabitants: 395,951
• Livability: 68
• Annual value of dwelling: $35,079
• Annual value of dwelling after the typical Social Safety profit for one particular person: $12,626
• Annual value of dwelling after the typical Social Safety profit for a married couple: $1,701

Bakersfield, California

• Whole inhabitants: 404,321
• Livability: 57
• Annual value of dwelling: $48,504
• Annual value of dwelling after the typical Social Safety profit for one particular person: $26,051
• Annual value of dwelling after the typical Social Safety profit for a married couple: $15,126

Tulsa, Oklahoma

• Whole inhabitants: 411,938
• Livability: 75
• Annual value of dwelling: $35,667
• Annual value of dwelling after the typical Social Safety profit for one particular person: $13,213
• Annual value of dwelling after the typical Social Safety profit for a married couple: $2,288

Minneapolis, Minnesota

• Whole inhabitants: 426,877
• Livability: 78
• Annual value of dwelling: $43,835
• Annual value of dwelling after the typical Social Safety profit for one particular person: $21,382
• Annual value of dwelling after the typical Social Safety profit for a married couple: $10,457

Oakland, California

• Whole inhabitants: 437,825
• Livability: 71
• Annual value of dwelling: $80,769
• Annual value of dwelling after the typical Social Safety profit for one particular person: $58,316
• Annual value of dwelling after the typical Social Safety profit for a married couple: $47,391

Miami, Florida

• Whole inhabitants: 443,665
• Livability: 81
• Annual value of dwelling: $68,259
• Annual value of dwelling after the typical Social Safety profit for one particular person: $45,806
• Annual value of dwelling after the typical Social Safety profit for a married couple: $34,881

Virginia Seashore, Virginia

• Whole inhabitants: 457,900
• Livability: 83
• Annual value of dwelling: $50,574
• Annual value of dwelling after the typical Social Safety profit for one particular person: $28,121
• Annual value of dwelling after the typical Social Safety profit for a married couple: $17,196

Lengthy Seashore, California

• Whole inhabitants: 462,293
• Livability: 69
• Annual value of dwelling: $84,194
• Annual value of dwelling after the typical Social Safety profit for one particular person: $61,741
• Annual value of dwelling after the typical Social Safety profit for a married couple: $50,816

Raleigh, North Carolina

• Whole inhabitants: 465,517
• Livability: 84
• Annual value of dwelling: $51,301
• Annual value of dwelling after the typical Social Safety profit for one particular person: $28,848
• Annual value of dwelling after the typical Social Safety profit for a married couple: $17,922

Colorado Springs, Colorado

• Whole inhabitants: 479,612
• Livability: 79
• Annual value of dwelling: $51,171
• Annual value of dwelling after the typical Social Safety profit for one particular person: $28,718
• Annual value of dwelling after the typical Social Safety profit for a married couple: $17,793

Omaha, Nebraska

• Whole inhabitants: 489,201
• Livability: 83
• Annual value of dwelling: $41,306
• Annual value of dwelling after the typical Social Safety profit for one particular person: $18,853
• Annual value of dwelling after the typical Social Safety profit for a married couple: $7,928

Atlanta, Georgia

• Whole inhabitants: 494,838
• Livability: 78
• Annual value of dwelling: $52,837
• Annual value of dwelling after the typical Social Safety profit for one particular person: $30,384
• Annual value of dwelling after the typical Social Safety profit for a married couple: $19,459

Mesa, Arizona

• Whole inhabitants: 503,390
• Livability: 81
• Annual value of dwelling: $52,213
• Annual value of dwelling after the typical Social Safety profit for one particular person: $29,760
• Annual value of dwelling after the typical Social Safety profit for a married couple: $18,835

Kansas Metropolis, Missouri

• Whole inhabitants: 505,958
• Livability: 78
• Annual value of dwelling: $37,751
• Annual value of dwelling after the typical Social Safety profit for one particular person: $15,298
• Annual value of dwelling after the typical Social Safety profit for a married couple: $4,373

Sacramento, California

• Whole inhabitants: 523,600
• Livability: 73
• Annual value of dwelling: $56,385
• Annual value of dwelling after the typical Social Safety profit for one particular person: $33,932
• Annual value of dwelling after the typical Social Safety profit for a married couple: $23,007

Tucson, Arizona

• Whole inhabitants: 541,033
• Livability: 73
• Annual value of dwelling: $43,476
• Annual value of dwelling after the typical Social Safety profit for one particular person: $21,023
• Annual value of dwelling after the typical Social Safety profit for a married couple: $10,098

Fresno, California

• Whole inhabitants: 541,528
• Livability: 63
• Annual value of dwelling: $48,504
• Annual value of dwelling after the typical Social Safety profit for one particular person: $26,051
• Annual value of dwelling after the typical Social Safety profit for a married couple: $15,126

Albuquerque, New Mexico

• Whole inhabitants: 562,551
• Livability: 72
• Annual value of dwelling: $42,258
• Annual value of dwelling after the typical Social Safety profit for one particular person: $19,805
• Annual value of dwelling after the typical Social Safety profit for a married couple: $8,880

Milwaukee, Wisconsin

• Whole inhabitants: 573,299
• Livability: 79
• Annual value of dwelling: $35,673
• Annual value of dwelling after the typical Social Safety profit for one particular person: $13,220
• Annual value of dwelling after the typical Social Safety profit for a married couple: $2,295

Baltimore, Maryland

• Whole inhabitants: 584,548
• Livability: 77
• Annual value of dwelling: $35,052
• Annual value of dwelling after the typical Social Safety profit for one particular person: $12,599
• Annual value of dwelling after the typical Social Safety profit for a married couple: $1,674

Louisville, Kentucky

• Whole inhabitants: 629,176
• Livability: 66
• Annual value of dwelling: $38,124
• Annual value of dwelling after the typical Social Safety profit for one particular person: $15,671
• Annual value of dwelling after the typical Social Safety profit for a married couple: $4,746

Memphis, Tennessee

• Whole inhabitants: 630,027
• Livability: 70
• Annual value of dwelling: $31,243
• Annual value of dwelling after the typical Social Safety profit for one particular person: $8,790
• Annual value of dwelling after the typical Social Safety profit for a married couple: -$2,136

Detroit, Michigan

• Whole inhabitants: 636,787
• Livability: 73
• Annual value of dwelling: $28,997
• Annual value of dwelling after the typical Social Safety profit for one particular person: $6,544
• Annual value of dwelling after the typical Social Safety profit for a married couple: -$4,381

Las Vegas, Nevada

• Whole inhabitants: 644,835
• Livability: 82
• Annual value of dwelling: $53,375
• Annual value of dwelling after the typical Social Safety profit for one particular person: $30,922
• Annual value of dwelling after the typical Social Safety profit for a married couple: $19,997

Portland, Oregon

• Whole inhabitants: 646,101
• Livability: 78
• Annual value of dwelling: $59,286
• Annual value of dwelling after the typical Social Safety profit for one particular person: $36,833
• Annual value of dwelling after the typical Social Safety profit for a married couple: $25,908

Boston, Massachusetts

• Whole inhabitants: 665,945
• Livability: 77
• Annual value of dwelling: $78,055
• Annual value of dwelling after the typical Social Safety profit for one particular person: $55,602
• Annual value of dwelling after the typical Social Safety profit for a married couple: $44,677

Washington

• Whole inhabitants: 670,587
• Livability: 75
• Annual value of dwelling: $72,440
• Annual value of dwelling after the typical Social Safety profit for one particular person: $49,987
• Annual value of dwelling after the typical Social Safety profit for a married couple: $39,062

El Paso, Texas

• Whole inhabitants: 677,181
• Livability: 81
• Annual value of dwelling: $35,947
• Annual value of dwelling after the typical Social Safety profit for one particular person: $13,494
• Annual value of dwelling after the typical Social Safety profit for a married couple: $2,569

Oklahoma Metropolis, Oklahoma

• Whole inhabitants: 681,088
• Livability: 81
• Annual value of dwelling: $35,873
• Annual value of dwelling after the typical Social Safety profit for one particular person: $13,420
• Annual value of dwelling after the typical Social Safety profit for a married couple: $2,495

Nashville, Tennessee

• Whole inhabitants: 684,103
• Livability: 78
• Annual value of dwelling: $51,895
• Annual value of dwelling after the typical Social Safety profit for one particular person: $29,442
• Annual value of dwelling after the typical Social Safety profit for a married couple: $18,516

Denver, Colorado

• Whole inhabitants: 710,800
• Livability: 72
• Annual value of dwelling: $62,269
• Annual value of dwelling after the typical Social Safety profit for one particular person: $39,816
• Annual value of dwelling after the typical Social Safety profit for a married couple: $28,891

Seattle, Washington

• Whole inhabitants: 734,603
• Livability: 75
• Annual value of dwelling: $84,578
• Annual value of dwelling after the typical Social Safety profit for one particular person: $62,125
• Annual value of dwelling after the typical Social Safety profit for a married couple: $51,200

San Francisco, California

• Whole inhabitants: 851,036
• Livability: 75
• Annual value of dwelling: $120,055
• Annual value of dwelling after the typical Social Safety profit for one particular person: $97,602
• Annual value of dwelling after the typical Social Safety profit for a married couple: $86,677

Charlotte, North Carolina

• Whole inhabitants: 875,045
• Livability: 80
• Annual value of dwelling: $48,817
• Annual value of dwelling after the typical Social Safety profit for one particular person: $26,364
• Annual value of dwelling after the typical Social Safety profit for a married couple: $15,439

Indianapolis, Indiana

• Whole inhabitants: 882,006
• Livability: 76
• Annual value of dwelling: $36,673
• Annual value of dwelling after the typical Social Safety profit for one particular person: $14,220
• Annual value of dwelling after the typical Social Safety profit for a married couple: $3,295

Columbus, Ohio

• Whole inhabitants: 902,449
• Livability: 81
• Annual value of dwelling: $38,586
• Annual value of dwelling after the typical Social Safety profit for one particular person: $16,133
• Annual value of dwelling after the typical Social Safety profit for a married couple: $5,208

Fort Price, Texas

• Whole inhabitants: 924,663
• Livability: 80
• Annual value of dwelling: $43,137
• Annual value of dwelling after the typical Social Safety profit for one particular person: $20,684
• Annual value of dwelling after the typical Social Safety profit for a married couple: $9,759

Jacksonville, Florida

• Whole inhabitants: 950,203
• Livability: 84
• Annual value of dwelling: $42,954
• Annual value of dwelling after the typical Social Safety profit for one particular person: $20,501
• Annual value of dwelling after the typical Social Safety profit for a married couple: $9,575

Austin, Texas

• Whole inhabitants: 958,202
• Livability: 83
• Annual value of dwelling: $59,365
• Annual value of dwelling after the typical Social Safety profit for one particular person: $36,912
• Annual value of dwelling after the typical Social Safety profit for a married couple: $25,987

San Jose, California

• Whole inhabitants: 1,001,176
• Livability: 79
• Annual value of dwelling: $126,475
• Annual value of dwelling after the typical Social Safety profit for one particular person: $104,022
• Annual value of dwelling after the typical Social Safety profit for a married couple: $93,097

Dallas, Texas

• Whole inhabitants: 1,300,642
• Livability: 81
• Annual value of dwelling: $44,762
• Annual value of dwelling after the typical Social Safety profit for one particular person: $22,309
• Annual value of dwelling after the typical Social Safety profit for a married couple: $11,384

San Diego, California

• Whole inhabitants: 1,383,987
• Livability: 75
• Annual value of dwelling: $98,980
• Annual value of dwelling after the typical Social Safety profit for one particular person: $76,527
• Annual value of dwelling after the typical Social Safety profit for a married couple: $65,602

San Antonio, Texas

• Whole inhabitants: 1,445,662
• Livability: 80
• Annual value of dwelling: $38,514
• Annual value of dwelling after the typical Social Safety profit for one particular person: $16,061
• Annual value of dwelling after the typical Social Safety profit for a married couple: $5,136

Philadelphia, Pennsylvania

• Whole inhabitants: 1,593,208
• Livability: 76
• Annual value of dwelling: $39,637
• Annual value of dwelling after the typical Social Safety profit for one particular person: $17,184
• Annual value of dwelling after the typical Social Safety profit for a married couple: $6,259

Phoenix, Arizona

• Whole inhabitants: 1,609,456
• Livability: 76
• Annual value of dwelling: $51,142
• Annual value of dwelling after the typical Social Safety profit for one particular person: $28,689
• Annual value of dwelling after the typical Social Safety profit for a married couple: $17,764

Houston, Texas

• Whole inhabitants: 2,296,253
• Livability: 74
• Annual value of dwelling: $40,855
• Annual value of dwelling after the typical Social Safety profit for one particular person: $18,402
• Annual value of dwelling after the typical Social Safety profit for a married couple: $7,477

Chicago, Illinois

• Whole inhabitants: 2,721,914
• Livability: 78
• Annual value of dwelling: $43,905
• Annual value of dwelling after the typical Social Safety profit for one particular person: $21,451
• Annual value of dwelling after the typical Social Safety profit for a married couple: $10,526

Los Angeles, California

• Whole inhabitants: 3,881,041
• Livability: 67
• Annual value of dwelling: $91,834
• Annual value of dwelling after the typical Social Safety profit for one particular person: $69,381
• Annual value of dwelling after the typical Social Safety profit for a married couple: $58,456

New York, New York

• Whole inhabitants: 8,622,467
• Livability: 75
• Annual value of dwelling: $83,596
• Annual value of dwelling after the typical Social Safety profit for one particular person: $61,142
• Annual value of dwelling after the typical Social Safety profit for a married couple: $50,217