Which state has most retirees?

While Florida consistently ranks as the top destination for retirees due to its warm climate, low taxes, and high influx of senior movers, California has the largest total number of seniors, and states like Maine, Vermont, and West Virginia have the highest percentage of retirees relative to their total population. So, it depends on whether you mean total count, percentage, or recent migration.

Which US state has the most retirees?

Below, we show the share of older adults (65+) by state in 2022. As of 2022, Maine had the highest share of older adults at 22.5%, followed by Florida and Vermont at 21.6%. Maine, which has long seen young residents move elsewhere for jobs, also has the highest median age in the nation at 44.8 years.

What is the #1 retirement city in the US?

There's no single #1, as different lists rank cities based on varying factors, but recent top contenders include Midland, Michigan (U.S. News 2026 for affordability/quality), Scottsdale, Arizona (Niche's top retiree city), and Orlando/Tampa, Florida (WalletHub for tax friendliness/activities), with others like Lancaster, PA, Waycross, GA, and New Bedford, MA also frequently cited for affordability or specific amenities. 

Where do most retired people live in the USA?

Retirees are flocking to these 10 U.S. states—No. 1 offers low taxes and sunny weather

1. Florida. Net migration: 44,504. ...
2. North Carolina. Net migration: 20,369. ...
3. Arizona. Net migration: 20,203. ...
4. South Carolina. Net migration: 14,676. ...
5. Georgia. Net migration: 13, 789. ...
6. Texas. Net migration: 10,050. ...
7. Nevada. Net migration: 5,782. ...
8. Idaho.

What state has the highest percentage of senior citizens?

America's population is steadily aging.

Maine has the largest percentage of the population who are seniors, with adults age 60+ accounting for 30.8% 1 of the population. Older adults across the country are navigating complex challenges that impact their health, well-being and quality of life.

Best State For Retirement Taxes?

What state takes the best care of seniors?

The best states for elderly care often combine strong access, affordability, and quality outcomes, with Minnesota, Colorado, Hawaii, Massachusetts, California, and North Dakota frequently appearing at the top of rankings for overall senior healthcare or specific factors like staffing, low costs, and good health outcomes, though priorities like affordability vs. quality can shift the best choice for individuals. 

What city has the most retirees?

U.S. Cities with the Oldest Population

• Palm Bay-Melbourne-Titusville, FL – 22.75% seniors.
• Hot Springs, AR – 22.62% seniors.
• Salisbury, MD-DE – 21.96% seniors.
• Pittsfield, MA – 21.49% seniors.
• Johnstown, PA – 20.90% seniors.
• Asheville, NC – 20.82% seniors.
• Santa Fe, NM – 20.81% seniors.

What state is best financially to retire to?

The best states for financially sound retirement balance low taxes (especially no state income tax on retirement income) with affordable living, while also considering healthcare and lifestyle, with top contenders often including Florida, Wyoming, Texas, New Hampshire, Tennessee, and South Dakota, though states like Colorado, Virginia, and Delaware also rank highly for varied reasons like good healthcare or low property taxes. Key financial factors are state income, sales, and property taxes, plus potential deductions for retirement income, with states like Florida and Wyoming often praised for tax-friendliness. 

How many Americans have $1,000,000 in retirement savings?

Only a small fraction of Americans, roughly 2.5% to 4.7%, have $1 million or more in retirement savings, with the percentage rising slightly to around 3.2% among actual retirees, according to recent Federal Reserve data analyses. A higher percentage, about 9.2%, of those nearing retirement (ages 55-64) have reached this milestone, though the majority of households have significantly less saved. 

What is the #1 retirement country?

While it varies by individual, Greece is frequently cited as the #1 country to retire for 2026 by sources like International Living and CNN, praised for its affordability, culture, climate, healthcare, and welcoming expat scene, while Portugal, Panama, and Costa Rica are consistently top contenders for their lifestyle and benefits. Other top-ranked nations often include Mexico, Italy, Spain, and Thailand, depending on the index.
 

Where do the happiest retirees live?

Barnstable MA is the happiest city in the US for retirees for it's high level of social interactions, activities and entertainment.

Where can I retire on $2000 a month in the United States?

You can retire comfortably on $2,000 a month in the U.S. by focusing on affordable Midwest and Southern cities, with top contenders including Fort Wayne, Indiana, Fargo, North Dakota, Knoxville, Tennessee, Oklahoma City, Cincinnati, Ohio, and several locations in Texas (like Brownsville, Abilene) and Florida (like Tallahassee, Fort Myers), which offer lower costs for housing, groceries, and healthcare while still providing good livability and amenities. 

Where is the nicest and cheapest place to retire?

1. Fargo, ND. With its low costs and generous tax situation, North Dakota has consistently ranked high among our best states for retirement.

What is the cheapest and happiest state for retirees?

Cheapest States to Retire In

• Mississippi. Cost of Living: Lowest in the U.S. ...
• Alabama. Cost of Living: Significantly lower than the national average. ...
• Arkansas. Cost of Living: Among the lowest in the nation. ...
• Oklahoma. Cost of Living: Lower healthcare and housing costs. ...
• West Virginia. ...
• Tennessee. ...
• South Carolina. ...
• Kentucky.

How many people retire with only social security?

A plurality of older Americans, 40.2 percent, only receive income from Social Security in retirement.

What is the richest state in the US?

The "richest" state depends on the metric, but by Median Household Income, Massachusetts, New Jersey, and Maryland consistently rank at the top (over $99,000 in 2023/2024), showing high prosperity for residents. For sheer economic output, California leads with the largest Gross Domestic Product (GDP), followed by Texas and New York, reflecting massive overall economic scale, notes Jagran Josh, India Defense News, and U.S. News & World Report. 

What is the average 401k balance for a 65 year old?

For a 65-year-old, the average 401(k) balance is around $299,000, but the more representative median balance is significantly lower, at about $95,000, indicating many high savers pull the average up, with balances varying greatly by individual savings habits, income, and other retirement accounts. 

Can I live off the interest of 1 million dollars?

Yes, you can likely live off the interest of $1 million, but it depends heavily on your annual expenses, location, and investment strategy; using the 4% Rule suggests about $40,000/year (plus inflation adjustments), but a more conservative approach or lower spending might be needed to last, while higher-risk/return investments (like S&P 500) could yield more, like $100,000 annually before taxes, notes SmartAsset.com and Investopedia. 

What states have no property tax for seniors?

States that offer property tax exemptions to seniors

• Alabama: Exempts seniors from the state portion of property taxes; county taxes may still apply.
• Alaska: Exempts the first $150,000 of assessed home value for homeowners aged 65-plus.

Can I live on $5000 a month in retirement?

To retire comfortably, many retirees need between $60,000 and $100,000 annually, or $5,000 to $8,300 per month. This varies based on personal financial needs and expenses.

Is it better to rent or buy in retirement?

Renting vs. buying in retirement involves a trade-off between flexibility/less responsibility (renting) and stability/equity (owning), with renting offering freedom to move and no maintenance worries but rising costs, while owning provides fixed housing costs (if paid off) and potential appreciation but requires upkeep and commitment, making the best choice highly personal, depending on your finances, health, and desired lifestyle. 

What state do most old people live in?

Maine consistently has the oldest population in the U.S., with the highest median age and the largest percentage of residents aged 65 and over, followed by states like New Hampshire, Vermont, West Virginia, and Florida. This demographic trend is due to a combination of longer lifespans, lower birth rates, and some retirees moving to Maine, though much of the aging comes from its existing residents getting older.
 

Where do the happiest retirees live in the USA?

Caring.com's 2025 Senior Happiness Index identifies states where seniors are most content, connected, and live longest. Utah is ranked as the happiest state for older adults due to high volunteer rates, good health, and excellent health care access.