Current:Home > StocksIn an aging nation, these states are home to the oldest residents on average -AlphaFinance Experts
In an aging nation, these states are home to the oldest residents on average
View
Date:2025-04-15 21:01:55
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! (85)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Ryan Reynolds, Hugh Jackman surprise Comic-Con crowd with screening, Marvel drone show
- Man charged with starting massive wildfire in California as blazes burn across the West
- A New National Spotlight Shines on Josh Shapiro’s Contested Environmental Record
- Jury finds man guilty of sending 17-year-old son to rob and kill rapper PnB Rock
- Site of 3 killings during 1967 Detroit riot to receive historic marker
- Simone Biles' Husband Jonathan Owens Negotiated NFL Contract to Attend 2024 Paris Olympics
- Leagues Cup soccer schedule: How to watch, what to know about today's opening games
- A Georgia governor’s latest work after politics: a children’s book on his cats ‘Veto’ and ‘Bill’
- 2024 Paris Olympics: See Beyoncé’s Special Appearance Introducing Simone Biles and Team USA
Ranking
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- Whoopi Goldberg, Jennifer Aniston, more celebs denounce JD Vance's 'cat ladies' remarks
- LeBron James flag bearer: Full (sometimes controversial) history of Team USA Olympic honor
- Whoopi Goldberg, Jennifer Aniston, more celebs denounce JD Vance's 'cat ladies' remarks
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- How many US athletes are competing at 2024 Paris Olympics? Full Team USA roster
- Shop the Best Stanley Tumblers for Kids, Plus Back to School Water Bottles & Drinkware (That Are so Cute)
- More Red Lobsters have closed. Here's the status of every US location
Recommendation
Intel's stock did something it hasn't done since 2022
This Mars rock could show evidence of life. Here's what Perseverance rover found.
Kevin Spacey’s waterfront Baltimore condo sold at auction after foreclosure
Story Behind Lady Deadpool's Casting in Ryan Reynolds' Deadpool & Wolverine Is a True Marvel
Clay Aiken's son Parker, 15, makes his TV debut, looks like his father's twin
Best and worst moments from Peyton Manning during Paris Olympics opening ceremony
North Carolina Democrats sue to reverse decision that put RFK Jr. on ballots
5 reasons Kamala can't be president that definitely aren't because she's a girl!