SmartAsset Study Finds Where in New Jersey Social Security Goes Furthest
Planning where you’ll spend your retirement can be difficult, especially for folks who will be relying heavily on Social Security as a main source of income. There are, however, places where Social Security goes further than others and in a new study, SmartAsset has delved into the data to find out where. In its fifth annual study, SmartAsset analyzed Social Security income, cost of living data, and taxes across all counties to determine where people are getting the most mileage out of Social Security.
For a look at how the leaders in New Jersey compared, check out the table below:
| Rank | County | Cost of Living | Annual Social Security | Social Security Taxed? | Social Security Goes Furthest Index |
|---|---|---|---|---|---|
| 1 | Cape May, NJ | $21,124 | $20,881 | No | 74.42 |
| 2 | Warren, NJ | $22,036 | $20,947 | No | 70.87 |
| 3 | Hunterdon, NJ | $25,050 | $23,365 | No | 68.38 |
| 4 | Burlington, NJ | $23,143 | $21,203 | No | 67.31 |
| 5 | Ocean, NJ | $23,979 | $21,596 | No | 65.46 |
| 6 | Monmouth, NJ | $23,837 | $21,423 | No | 65.33 |
| 7 | Sussex, NJ | $24,570 | $21,999 | No | 64.67 |
| 8 | Gloucester, NJ | $22,744 | $20,160 | No | 64.61 |
| 9 | Morris, NJ | $25,090 | $22,469 | No | 64.46 |
| 10 | Salem, NJ | $22,271 | $19,483 | No | 63.76 |
The full study results, methodology, and interactive map can be found here: https://smartasset.com/
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