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The average American retires at age 62. Although not old enough to qualify for Medicare, she still has been working for 40 years. As previously reported by USA TODAY, the Transamerica Retirement Research Center found that there is a five-year gap between when older workers expect to retire and when they actually retire, at ages 67 and 62. did.
According to the U.S. Census Bureau, retired or near-retirement seniors (age 65 and older) make up 18% of the population, or a total of 62 million adults.
Where in America do American retirees live? Census Bureau data provides insight into the places older generations call home.
Which states have the oldest and youngest populations?
The state with the oldest people on average is Maine, followed by Puerto Rico, New Hampshire, Vermont, West Virginia, and Florida.
The median age group in Maine is 45.1 years, 43.9 years for men and 46.4 years for women. Census Bureau data shows that while mid-40s isn’t even close to the standard “retirement age,” it’s about six years older than the median age for all Americans.
Utah has the youngest population, with an average male age of 31.4 years and an average female age of 32.7 years.
Many baby boomers live in Maine and Florida.
From 2000 to 2020, the number of Americans 65 and older increased in each state, according to the Census Bureau. This population is highest in Maine, Florida, West Virginia, and Vermont, where more than 20% of residents are over the age of 65.
While more retirees are moving to Maine, the state is still home to the majority of aging lifelong residents, according to the Washington Post.
Meanwhile, Florida, which has the second-highest proportion of the elderly population, has a high proportion of retirees who were born elsewhere.
Immigration throughout the United States: New Yorkers make up the largest number of immigrants to Florida. Find out why.
If you are retiring in the US: Do you think you can work even after age 70? Good luck. Why most of us retire early.
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