Current:Home > StocksIn an aging nation, these states are home to the oldest residents on average -Edge Finance Strategies
In an aging nation, these states are home to the oldest residents on average
View
Date:2025-04-18 00:36:13
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! (7)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- You Might've Missed This Sweet Moment Between Taylor Swift and Travis Kelce's Mom During Super Bowl Win
- Two fired FirstEnergy executives indicted in $60 million Ohio bribery scheme, fail to surrender
- Mega Millions winning numbers for February 9 as jackpot climbs to $394 million
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- The San Francisco 49ers lost Super Bowl 58. What happens to the championship shirts, hats?
- Super Bowl security uses smart Taylor Swift strategy to get giddy pop star from suite to field
- Listeria recall: More cheese products pulled at Walmart, Costco, Safeway, other stores
- Rylee Arnold Shares a Long
- Patrick Mahomes and Chiefs leave no doubt in Super Bowl: They're an all-time NFL dynasty
Ranking
- Nevada attorney general revives 2020 fake electors case
- Blast inside Philadelphia apartment injures at least 1
- Republican effort to restore abortion rights in Missouri folds
- Avalanches kill skier, snowmobiler in Rockies as dangerous snow conditions persist across the West
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Do Super Bowl halftime performers get paid? How much Usher stands to make for his 2024 show
- Who has the most Super Bowl wins? The teams and players with the most rings in NFL history
- Beyoncé announces new album 'Renaissance: Act II' after surprise Super Bowl ad
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Recession risks are fading, business economists say, but political tensions pose threat to economy
Jen Pawol on verge of becoming first MLB female umpire, gets full-time spring training assignment
Weight-loss drugs aren't a magic bullet. Lifestyle changes are key to lasting health
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Nor'easter, snow and storms forecast across New England through Tuesday
How Raquel Leviss Really Feels About Tom Sandoval Saying He's Still in Love With Her
Listen to Beyoncé's two new songs, '16 Carriages' and 'Texas Hold 'Em'