2. Miami
The final capital city on this list, Miami, has very troublesome and worrisome metrics for seniors. The city ranked in the bottom 3% for five out of six metrics!
A shockingly high number of seniors live under the poverty line while one in two also relies heavily on food stamps. It’s no wonder, then, that they are also struggling with housing costs. On the other hand, very few seniors actually own their own homes during retirement.
Only 16.2% of retirees have a retirement income, and this usually sits at around $40,300.
1. Hialeah, Florida
Finally, Hialeah, Florida is possibly one of the worst cities for retirees. That’s because it ranked in the bottom 2% for six out of six metrics. So, across the board, we’re not looking at good news.
16% have retirement income, which averages at around $27,052. Seniors use 47% of that amount for housing costs. Needless to say, more than half of them are housing cost-burdened.
More than 51% of seniors rely on assistance through SNAP, while 30% live in poverty.
