Current:Home > FinanceIn an aging nation, these states are home to the oldest residents on average -Ascend Wealth Education
In an aging nation, these states are home to the oldest residents on average
View
Date:2025-04-18 10:58:42
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! (214)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Verdicts are expected in Italy’s maxi-trial involving the ‘ndrangheta crime syndicate
- Amid the Israel-Hamas war, religious leaders in the U.S. reflect on the power of unity
- Hong Kong’s Disneyland opens 1st Frozen-themed attraction, part of a $60B global expansion
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Jordan Fisher goes into ‘Hadestown’ on Broadway, ‘stretching every creative muscle’
- Pope Francis: Climate Activist?
- Support pours in after death of former first lady Rosalynn Carter
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Carlton Pearson, founder of Oklahoma megachurch who supported gay rights, dies at age 70
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Vogt resigns as CEO of Cruise following safety concerns over self-driving vehicles
- 2024 NFL draft first-round order: Carolina Panthers continue to do Chicago Bears a favor
- French performers lead a silent Paris march for peace between Israelis and Palestinians
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Severe storms delay search for 12 crew missing after Turkish cargo ship sinks in Black Sea
- Live updates | Shell hits Gaza hospital, killing 12, as heavy fighting breaks out
- Hong Kong’s Disneyland opens 1st Frozen-themed attraction, part of a $60B global expansion
Recommendation
Dick Vitale announces he is cancer free: 'Santa Claus came early'
Najee Harris 'tired' of Steelers' poor performances in 2023 season after loss to Browns
Ford, Stellantis, and GM workers overwhelmingly ratify new contracts that raise pay across industry
Wilson, Sutton hook up for winning TD as Broncos rally to end Vikings’ 5-game winning streak, 21-20
The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds
Aaron Nola returns to Phillies on 7-year deal, AP source says
Horoscopes Today, November 19, 2023
School district and The Satanic Temple reach agreement in lawsuit over After School Satan Club