4. Maryland
Maryland is another state that will rely on Social Security. This is not necessarily due to its large senior population, but rather its reputation for bad money management. That’s unfortunate for hopeful retirees in this mid-Atlantic state. Taxes are quite high, with residents paying a median of $6,470 in annual state and local taxes. And the cost of living is steeper than most. This means retirees will be practically stalking the mailman for their monthly Social Security check to make ends meet.
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2 thoughts on “Top 15 U.S. States Where People Mostly Rely on Social Security”
Looks like these states are the most liberal states in the USA.
New Hampshire does not have a high tax rate. In fact, there are comparison websites that show it is the third lowest tax rate (from the States) in the nation. We do not have any income tax. We do not have any sales tax. True, the real estate taxes are relatively high, but when you take into consideration that there are essentially no other taxes, we’re getting off easy. Also, the cost of living is rather low, compared to most other places. Food, gas, and insurance are lower here than in most other places that I have lived. So I have no idea what this survey is talking about. Perhaps New Hampshireites do rely on social security to a large extent, but when all things are considered, that government payout comes a lot closer to paying all their bills than in New York, for example.