Retired Americans who are on Social Security will receive an average of $1,503 for their benefits in 2020, which is an increase of 1.6 percent over the $1,479 they received in 2019. However, the amount varies depending on the state. These are twenty states in which retirees are the most benefited from Social Security benefits.
1. Wyoming The Average Annual Cost: $17.822
In Wyoming the state with the lowest population density state, 82,101 retired people were benefiting from an average of $1,485.18 per month in 2018. It’s about the same as $17,822.19 annually.
2. Illinois – Average Annual Benefit: $17,896
In Illinois, the state of Illinois, retirees from 1,590,343 were benefiting from benefits that averaged $1,491.30 per month in the year 2018. This equates to an annual average income of $17,895.63.
3. Arizona – Average Annual Benefit: $17,897
In Arizona the state of Arizona, 992,575 retirees received benefits of an average of $1,491.45 per month in the year 2018. This translates to an average annual salary of $17,897.44. Arizona is among the states that have an enormous number of retired people.
4. Rhode Island – Average Annual Benefit of $17,920
In the state of Rhode Island, 156,598 retirees earned benefits of an average of $1,493.31 per month which is $17,919.77 an entire year in the year 2018. Rhode Island is also one of 13 states which are taxed on Social Security benefits.
5. Utah – Average Annual Benefit: $18,009
In Utah, 284,754 retirees were benefiting from benefits that averaged $1,500.79 per month, or $18,009.44 a year in the year 2018. Utah is also one of thirteen states that levy fees on Social Security benefits.
6. Wisconsin – Average Annual Benefit: $18,024
In Wisconsin, 896,146 retirees were benefiting from benefits that averaged $1,502.04 per month in the year 2018. The calculation works out to $18,024.45 annually.
7. Virginia – Average Annual Benefit: $18,084
In Virginia, the state, retired workers 1,078,144 earned a monthly income of $1,507.01 per month in the year 2018. This is the same as a salary of $18,084.17 per year.
8. Massachusetts – – Average Annual Reward of $18,104
In Massachusetts the state, 878,840 retirees were receiving benefits at a rate of $1,508.65 per month in 2018. Divide by 12 and you’ll get $18,103.76 a year.
9. Kansas – Average Annual Benefit: $18,145
In Kansas the state, 391,286 retirees were benefiting from benefits that averaged $1,512.09 per month, or $18,145.06 a year in the year 2018. Kansas is one of the thirteen states in which they tax certain Social Security benefits.
10. New York – Average Annual Benefit: $18,174
The year in New York, 2,548,783 retirees were receiving benefits that averaged $1,514.50 per month which is $18,174.04 a year in the year 2018. The first official Social Security number issued in 1936 was 055-09-0001, it was given to the 23-year-old John Sweeney Jr. of New Rochelle, New York.