Current:Home > NewsEchoSense:In an aging nation, these states are home to the oldest residents on average -Prime Money Path
EchoSense:In an aging nation, these states are home to the oldest residents on average
TrendPulse Quantitative Think Tank Center View
Date:2025-04-08 04:44:25
The EchoSenseaverage 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! (1)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Harry Styles Debuts Winning Haircut During Rare Public Appearance at Soccer Game
- The name has been released of the officer who was hurt in a gunfire exchange that killed a suspect
- Swifties, Melbourne police officers swap friendship bracelets at Taylor Swift's Eras Tour
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- NBA All-Star Game highlights: East dazzles in win over West as Damian Lillard wins MVP
- Baylor Bears retire Brittney Griner's No. 42 jersey in emotional ceremony for ex-star
- What does 'oomf' mean? Add the indirect term to your digital vocab.
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Pioneering Skier Kasha Rigby Dead in Avalanche at 54
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 75th George Polk Awards honor coverage of Middle East and Ukraine wars, Supreme Court and Elon Musk
- Parts of Southern California under evacuation warning as new atmospheric river storm hits
- Expand March Madness? No thanks. What a bad idea from Big 12 Commissioner Brett Yormark
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Chris Brown says he was disinvited from NBA All-Star Celebrity Game due to controversies
- Rick Pitino rips St. John's 'unathletic' players after loss to Seton Hall
- See Ryan Seacrest and 26-Year-Old Girlfriend Aubrey Paige's Road to Romance
Recommendation
Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
Russia says it has crushed the last pocket of resistance in Avdiivka to complete the city’s capture
Oscar-nommed doc: A 13-year-old and her dad demand justice after she is raped
1 dead, 5 others injured in early morning shooting at Indianapolis Waffle House
The 401(k) millionaires club keeps growing. We'll tell you how to join.
Trump hawks $399 branded shoes at 'Sneaker Con,' a day after a $355 million ruling against him
See Samantha Hanratty and More Stars Pose Backstage at the 2024 People’s Choice Awards
Hundreds of officers tried to protect the Super Bowl parade. Here's why it wasn't enough.