Kosciusko Ranks Seventh In State For Getting Most For SS
Social Security is a vital resource for many aging Americans. But geography can have a big effect on how much value it provides them.
Financial technology company SmartAsset recently released a study that shows where residents are getting the most for their Social Security money. The county is ranked number seven in the state and 11 in the nation, according to their study.
SmartAsset combined the cost of living by county, the mean Social Security income by county and the Social Security tax in each county to determine where residents were benefiting the most from Social Security.
The study shows the average cost of living in the county is $16,554 and the annual Social Security is $18,528. Social Security is also not taxed. Placing higher than Kosciusko County is Posey, Warrick, Pike, Wabash, Warren and Jay counties. Montgomery, Dubois and Wells counties round out the top 10.
For a national perspective, check out SmartAsset’s interactive map. The map also shows rankings for cost of living, annual Social Security and states where Social Security is taxed. There is also an interactive Social Security calculator.
For Indiana visit: https://smartasset.com/retirement/social-security-calculator#indiana/socialsecurity