Current:Home > ContactIn an aging nation, these states are home to the oldest residents on average -Thrive Financial Network
In an aging nation, these states are home to the oldest residents on average
View
Date:2025-04-16 21:01:32
The average American retires at age 62— not old enough to qualify for Medicare but still four decades deep in the workforce. As previously reported by USA TODAY, the Transamerica Center for Retirement Studies found a five-year gap, 67 and 62, between when older workers expect to retire vs when they actually retire.
Older Americans who are retired or nearing retirement—those 65 and older—make up 18% of the population, a total of 62 million adults, according to the U.S. Census Bureau.
Where does America's retired population live in the U.S.? Census Bureau data gives insight into where older generations call home:
Which states are home to the oldest and youngest populations?
Maine is home to the oldest population on average, followed by Puerto Rico, New Hampshire, Vermont, West Virginia and Florida.
The median age group in Maine is 45.1— 43.9 for men and 46.4 for women. Although mid 40's is not nearly close to the standard 'retirement age,' it's about 6 years older than the median age of all Americans, according to Census Bureau data.
Utah is home to the youngest population on average, with the average man aged 31.4 and the average woman aged 32.7.
Maine and Florida home to large population of baby boomers
Between 2000 and 2020, the population of Americans 65 and older increased in every state, according to the Census Bureau. This population is largest in Maine, Florida, West Virginia, and Vermont, with over 20% of the residents identifying as 65 and older.
While a growing number of retirement-aged folks moved to Maine, it is still home to a large share of life-long residents who have aged in place, according to the Washington Post.
Meanwhile Florida, home to the second-largest elderly population percentage, has a large share of retirees who were born elsewhere.
Migration across the US:New Yorkers are the No.1 movers to Florida. Find out why.
Retiring in the U.S.:Think you'll work past 70? Good luck. Why most of us retire earlier.
veryGood! (6647)
Related
- This was the average Social Security benefit in 2004, and here's what it is now
- Fox News Reveals New Host Taking Over Tucker Carlson’s Time Slot
- Banking shares slump despite U.S. assurances that deposits are safe
- The Carbon Cost of California’s Most Prolific Oil Fields
- What do we know about the mysterious drones reported flying over New Jersey?
- Indigenous Climate Activists Arrested After ‘Occupying’ US Department of Interior
- The Carbon Cost of California’s Most Prolific Oil Fields
- Deer take refuge near wind turbines as fire scorches Washington state land
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- CNN Producer David Bohrman Dead at 69
Ranking
- Retirement planning: 3 crucial moves everyone should make before 2025
- Biden’s Pick for the EPA’s Top Air Pollution Job Finds Himself Caught in the Crossfire
- Death of migrant girl was a preventable tragedy that raises profound concerns about U.S. border process, monitor says
- In-N-Out to ban employees in 5 states from wearing masks
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- It's Equal Pay Day. The gender pay gap has hardly budged in 20 years. What gives?
- Only New Mexico lawmakers don't get paid for their time. That might change this year
- Will the Democrats’ Climate Legislation Hinge on Carbon Capture?
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Washington state declares drought emergencies in a dozen counties
Honda recalls nearly 500,000 vehicles because front seat belts may not latch properly
To Meet Paris Accord Goal, Most of the World’s Fossil Fuel Reserves Must Stay in the Ground
Skins Game to make return to Thanksgiving week with a modern look
U of Michigan president condemns antisemitic vandalism at two off-campus fraternity houses
Apple iPad Flash Deal: Save 30% on a Product Bundle With Accessories
Civil Rights Groups in North Carolina Say ‘Biogas’ From Hog Waste Will Harm Communities of Color