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401(k) Geographic Trends
Fidelity Link to more items from this source
May 20, 2014
"San Jose, CA and San Francisco, CA stood out as the cities with the highest average Total Savings Rate. The typical US worker in these areas stash about 14.6 percent of their annual salary away in 401(k)s -- which includes both employee and employer contributions. Raleigh, NC was a close third with 14.0 percent, and Houston, TX and Hartford, CT rounded out the list of top savers with 13.9 percent and 13.8 percent, respectively.... McAllen, TX had the highest 401(k) loan usage, with 33.0 percent of retirement savers having an outstanding loan balance. Riverside, CA and Bakersfield, CA were close behind with 32.0 percent and 31.3 percent, respectively. El Paso, TX followed with 30.7 percent and Youngstown, OH had 29.9 percent."

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