By Nora Tooher

Residents of the Cleveland-Akron metro area, including Tallmadge, have less confidence about their retirements than they did a year ago, a new survey finds.

The Cleveland-Akron metro area ranks 26th out of 30 large metros for individuals’ level of confidence about their retirement, according to the 2013 New Retirement Mindscape City Pulse Index by Ameriprise Financial.

The local area dropped two spots from 24th in 2012, but residents are still more optimistic than they were in 2011, when Cleveland-Akron was ranked 27th.

The City Pulse Index measures consumers’ preparation and confidence about retirement by asking them about their savings habits and expectations for their financial futures.

The San Francisco metro area claimed the No.1 spot. Surprisingly, residents of financially troubled Detroit moved into the No. 2 spot from 17th a year ago. Hartford, Conn., Minneapolis and Seattle rounded out the top five.

In addition to Detroit, other metros that improved 10 or more spots in the rankings included Sacramento, Calif., No. 7; Baltimore, No. 8; Washington, D.C., No. 12 and Indianapolis, No. 15.

Joining Cleveland-Akron in the pessimistic bottom five rankings were: Houston, 27th; Nashville, Tenn., 28th; Los Angeles, 29th and Orlando, Fla., which fell eight spots to 30th.

Metros dropping more than 10 spots in 2013 were Pittsburgh, 22; Raleigh, N.C., 23; Philadelphia, 24; Houston, 27 and Nashville, 28.

Residents of the three most confident cities had much higher than average participation rates in contributing to IRAs or other personal – not workplace-related – investment accounts.

Two of five of Detroit respondents said they have a financial advisor – compared with a national average of only 29 percent – and more than half have contributed to a workplace-sponsored retirement plan, such as a 401k. Half of Detroit-area respondents feel they are on track for retirement and 71 percent report positive feelings about retirement.

Another recent retirement confidence survey by Nationwide Financial, based in Columbus, found that the vast majority of American workers questioned describe their personal knowledge of investing or saving for retirement as less than comprehensive, and nearly half state they possess no better than limited knowledge.