How far does Social Security go in Woodford County?
Steve Sabato — June 27, 2015
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.
Woodford County was 7th in Illinois. It’s annual cost of living averages $17,149; Social Security income averages $19,068, Social Security is estimated to cover 82.39% of expenses.
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. For more information on the study, you can explore the interactive map and methodology here: https://smartasset.com/retirement/social-security-calculator#us