Current:Home > MarketsSignalHub-In an aging nation, these states are home to the oldest residents on average -Elevate Profit Vision
SignalHub-In an aging nation, these states are home to the oldest residents on average
SignalHub View
Date:2025-04-07 10:38:35
The SignalHubaverage 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! (63)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- 13 Halloween-Inspired Outfits That Are Just as Spooky and Stylish as Costumes
- Pope suggests blessings for same-sex unions may be possible
- 'Eve' author says medicine often ignores female bodies. 'We've been guinea pigs'
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Montana inmates with mental illness languish in jail awaiting treatment before trial
- Pamela Anderson Reveals How Having Self-Acceptance Inspired Her Makeup-Free Movement
- At a ‘Climate Convergence,’ Pennsylvania Environmental Activists Urge Gov. Shapiro and State Lawmakers to Do More to Curb Emissions
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- EU announces new aid package to Ethiopia, the first since the war in the Tigray region ended
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Nobel Prize in medicine goes to Drew Weissman of U.S., Hungarian Katalin Karikó for enabling COVID-19 vaccines
- In 'Ahsoka', Rosario Dawson goes ride-or-Jedi
- Where's the inheritance? Why fewer older Americans are writing wills or estate planning
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Fulton County D.A. subpoenas Bernie Kerik as government witness in Trump election interference case
- The Fate of Only Murders in the Building Revealed
- Judge says freestanding birth centers in Alabama can remain open, despite ‘de facto ban’
Recommendation
Why members of two of EPA's influential science advisory committees were let go
India tells Canada to remove 41 of its 62 diplomats in the country, an official says
RHOSLC Preview: Angie Is Shocked to Learn About Meredith's the Husband Rant
At least 10 killed as church roof collapses in Mexico, officials say
Highlights from Trump’s interview with Time magazine
Ex-Dodgers pitcher Trevor Bauer resolves litigation with woman who accused him of assault
Medicare open enrollment for 2024 is coming soon. Here's when it is and how to prepare.
Jacksonville Sheriff's Office says use of force justified in Le’Keian Woods arrest: Officers 'acted appropriately'