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5 American cities where you can retire on just Social Security Based on data from the Social Security Administration, retirees receive $1,234 on average in monthly benefits, with 82% of them receiving an average of $1,280 from "Old-Age and Survivors Insurance," according to this article on Money. Sixty-seven of retired workers are receiving $1,348, the largest average monthly benefit, says the SSA. For retirees who rely solely on Social Security for income, Buffalo, N.Y., Johnstown, Pa., Memphis, Tenn., Akron, Ohio, and Indianapolis, Ind., are the cities where they can live comfortably because these cities offer lower living costs.
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