Average Retirement Income By State

Annual Retirement Income
Annual Cost Of Comfortable Retirement
Annual Retirement Income
1.WashingtonWashington$68,220
2.New YorkNew York$65,398
3.MarylandMaryland$64,313
4.MissouriMissouri$62,692
5.VirginiaVirginia$62,409
6.ColoradoColorado$61,939
7.DelawareDelaware$60,491
8.IdahoIdaho$60,487
9.NebraskaNebraska$60,245
10.HawaiiHawaii$60,081
11.OklahomaOklahoma$60,019
12.CaliforniaCalifornia$59,009
13.North CarolinaNorth Carolina$58,667
14.MassachusettsMassachusetts$58,253
15.MichiganMichigan$57,680
16.MaineMaine$57,666
17.VermontVermont$57,540
18.South DakotaSouth Dakota$56,825
19.TennesseeTennessee$56,369
20.MinnesotaMinnesota$55,694
21.ArizonaArizona$55,589
22.ConnecticutConnecticut$55,297
23.WyomingWyoming$55,247
24.New JerseyNew Jersey$55,154
25.AlaskaAlaska$54,932
26.OregonOregon$54,644
27.IndianaIndiana$54,227
28.South CarolinaSouth Carolina$53,952
29.New HampshireNew Hampshire$53,538
30.TexasTexas$53,500
31.Rhode IslandRhode Island$53,449
32.West VirginiaWest Virginia$53,178
33.MontanaMontana$53,088
34.IowaIowa$52,899
35.New MexicoNew Mexico$52,563
36.AlabamaAlabama$52,554
37.PennsylvaniaPennsylvania$51,913
38.UtahUtah$51,752
39.NevadaNevada$51,589
40.WisconsinWisconsin$51,241
41.OhioOhio$51,049
42.KansasKansas$50,905
43.KentuckyKentucky$50,617
44.MississippiMississippi$49,838
45.ArkansasArkansas$49,057
46.IllinoisIllinois$47,530
47.FloridaFlorida$45,609
48.North DakotaNorth Dakota$45,455
49.GeorgiaGeorgia$44,548
50.LouisianaLouisiana$43,352

Introduction

The intricacies of retirement income across the United States are as diverse as the fifty states themselves. Influenced variably by factors such as local wages and salaries, cost of living, tax rules, and the presence of pension plans, each state offers a unique financial landscape for its retired populace. Understanding these nuances is a critical step in both retirement preparation and selecting the optimal state to spend your golden years. It is crucial to dispel the broad strokes with which retirement income is often painted and delve into the detail of state-specific averages. Based on the data, we can glean several key insights:

  • Washington leads the nation for retirement income with an average of $68,220 per year. This trend hints at possibly higher local wages, numerous pension plans, or an elevated cost of living.
  • In contrast, Louisiana's retirees have the lowest average income at $43,352 per year, less than two-thirds of what retirees earn in Washington, suggesting variations in factors like cost of living and tax rules.
  • Coastal states such as New York, Maryland, Virginia, California, and Massachusetts make it to the top 15 ranking for retirement income while traditionally popular retirement destinations like Arizona and Florida find themselves towards the middle and bottom end of the spectrum.
  • A significant disparity exists in retirement income even among neighboring states. For example, retirees in Maryland enjoy an average income of $64,313 per year, while their peers in Pennsylvania have an annual income averaging $51,913.
  • Inter-regional variances are also evident, indicating potential geographical trends. For instance, six of the top ten states with the highest retirement income are in the East and the South, while the Midwest and Central regions dominate the lower end of the spectrum.

By Region

Alabama

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Alabama

Metric

Value

Rank

Annual Retirement Income

$52,554

#36

Annual Cost Of Comfortable Retirement

$56,769

#48

Alaska

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Alaska

Metric

Value

Rank

Annual Retirement Income

$54,932

#25

Annual Cost Of Comfortable Retirement

$81,796

#5

Arizona

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Arizona

Metric

Value

Rank

Annual Retirement Income

$55,589

#21

Annual Cost Of Comfortable Retirement

$70,390

#15

Arkansas

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Arkansas

Metric

Value

Rank

Annual Retirement Income

$49,057

#45

Annual Cost Of Comfortable Retirement

$58,854

#40

California

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California

Metric

Value

Rank

Annual Retirement Income

$59,009

#12

Annual Cost Of Comfortable Retirement

$90,399

#3

Colorado

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Colorado

Metric

Value

Rank

Annual Retirement Income

$61,939

#6

Annual Cost Of Comfortable Retirement

$68,565

#18

Connecticut

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Connecticut

Metric

Value

Rank

Annual Retirement Income

$55,297

#22

Annual Cost Of Comfortable Retirement

$75,213

#9

Delaware

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Delaware

Metric

Value

Rank

Annual Retirement Income

$60,491

#7

Annual Cost Of Comfortable Retirement

$68,696

#16

Florida

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Florida

Metric

Value

Rank

Annual Retirement Income

$45,609

#47

Annual Cost Of Comfortable Retirement

$68,109

#19

Georgia

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Georgia

Metric

Value

Rank

Annual Retirement Income

$44,548

#49

Annual Cost Of Comfortable Retirement

$57,942

#45

Hawaii

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Hawaii

Metric

Value

Rank

Annual Retirement Income

$60,081

#10

Annual Cost Of Comfortable Retirement

$121,228

#1

Idaho

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Idaho

Metric

Value

Rank

Annual Retirement Income

$60,487

#8

Annual Cost Of Comfortable Retirement

$64,459

#23

Illinois

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Illinois

Metric

Value

Rank

Annual Retirement Income

$47,530

#46

Annual Cost Of Comfortable Retirement

$59,897

#35

Indiana

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Indiana

Metric

Value

Rank

Annual Retirement Income

$54,227

#27

Annual Cost Of Comfortable Retirement

$58,789

#41

Iowa

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Iowa

Metric

Value

Rank

Annual Retirement Income

$52,899

#34

Annual Cost Of Comfortable Retirement

$57,485

#46

Kansas

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Kansas

Metric

Value

Rank

Annual Retirement Income

$50,905

#42

Annual Cost Of Comfortable Retirement

$56,899

#47

Kentucky

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Kentucky

Metric

Value

Rank

Annual Retirement Income

$50,617

#43

Annual Cost Of Comfortable Retirement

$60,484

#33

Louisiana

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Louisiana

Metric

Value

Rank

Annual Retirement Income

$43,352

#50

Annual Cost Of Comfortable Retirement

$60,940

#32

Maine

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Maine

Metric

Value

Rank

Annual Retirement Income

$57,666

#16

Annual Cost Of Comfortable Retirement

$74,627

#11

Maryland

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Maryland

Metric

Value

Rank

Annual Retirement Income

$64,313

#3

Annual Cost Of Comfortable Retirement

$80,884

#6

Massachusetts

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Massachusetts

Metric

Value

Rank

Annual Retirement Income

$58,253

#14

Annual Cost Of Comfortable Retirement

$97,699

#2

Michigan

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Michigan

Metric

Value

Rank

Annual Retirement Income

$57,680

#15

Annual Cost Of Comfortable Retirement

$59,767

#36

Minnesota

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Minnesota

Metric

Value

Rank

Annual Retirement Income

$55,694

#20

Annual Cost Of Comfortable Retirement

$61,983

#29

Mississippi

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Mississippi

Metric

Value

Rank

Annual Retirement Income

$49,838

#44

Annual Cost Of Comfortable Retirement

$55,074

#50

Missouri

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Missouri

Metric

Value

Rank

Annual Retirement Income

$62,692

#4

Annual Cost Of Comfortable Retirement

$58,724

#42

Montana

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Montana

Metric

Value

Rank

Annual Retirement Income

$53,088

#33

Annual Cost Of Comfortable Retirement

$68,631

#17

Nebraska

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Nebraska

Metric

Value

Rank

Annual Retirement Income

$60,245

#9

Annual Cost Of Comfortable Retirement

$59,376

#38

Nevada

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Nevada

Metric

Value

Rank

Annual Retirement Income

$51,589

#39

Annual Cost Of Comfortable Retirement

$66,415

#22

New Hampshire

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New Hampshire

Metric

Value

Rank

Annual Retirement Income

$53,538

#29

Annual Cost Of Comfortable Retirement

$74,757

#10

New Jersey

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New Jersey

Metric

Value

Rank

Annual Retirement Income

$55,154

#24

Annual Cost Of Comfortable Retirement

$74,301

#13

New Mexico

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New Mexico

Metric

Value

Rank

Annual Retirement Income

$52,563

#35

Annual Cost Of Comfortable Retirement

$61,135

#31

New York

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New York

Metric

Value

Rank

Annual Retirement Income

$65,398

#2

Annual Cost Of Comfortable Retirement

$88,444

#4

North Carolina

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North Carolina

Metric

Value

Rank

Annual Retirement Income

$58,667

#13

Annual Cost Of Comfortable Retirement

$63,156

#26

North Dakota

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North Dakota

Metric

Value

Rank

Annual Retirement Income

$45,455

#48

Annual Cost Of Comfortable Retirement

$63,482

#25

Ohio

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Ohio

Metric

Value

Rank

Annual Retirement Income

$51,049

#41

Annual Cost Of Comfortable Retirement

$58,268

#44

Oklahoma

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Oklahoma

Metric

Value

Rank

Annual Retirement Income

$60,019

#11

Annual Cost Of Comfortable Retirement

$56,508

#49

Oregon

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Oregon

Metric

Value

Rank

Annual Retirement Income

$54,644

#26

Annual Cost Of Comfortable Retirement

$79,645

#7

Pennsylvania

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Pennsylvania

Metric

Value

Rank

Annual Retirement Income

$51,913

#37

Annual Cost Of Comfortable Retirement

$64,003

#24

Rhode Island

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Rhode Island

Metric

Value

Rank

Annual Retirement Income

$53,449

#31

Annual Cost Of Comfortable Retirement

$72,476

#14

South Carolina

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South Carolina

Metric

Value

Rank

Annual Retirement Income

$53,952

#28

Annual Cost Of Comfortable Retirement

$62,765

#27

South Dakota

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South Dakota

Metric

Value

Rank

Annual Retirement Income

$56,825

#18

Annual Cost Of Comfortable Retirement

$62,634

#28

Tennessee

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Tennessee

Metric

Value

Rank

Annual Retirement Income

$56,369

#19

Annual Cost Of Comfortable Retirement

$58,854

#39

Texas

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Texas

Metric

Value

Rank

Annual Retirement Income

$53,500

#30

Annual Cost Of Comfortable Retirement

$60,353

#34

Utah

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Utah

Metric

Value

Rank

Annual Retirement Income

$51,752

#38

Annual Cost Of Comfortable Retirement

$66,480

#21

Vermont

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Vermont

Metric

Value

Rank

Annual Retirement Income

$57,540

#17

Annual Cost Of Comfortable Retirement

$75,865

#8

Virginia

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Virginia

Metric

Value

Rank

Annual Retirement Income

$62,409

#5

Annual Cost Of Comfortable Retirement

$66,545

#20

Washington

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Washington

Metric

Value

Rank

Annual Retirement Income

$68,220

#1

Annual Cost Of Comfortable Retirement

$74,301

#12

West Virginia

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West Virginia

Metric

Value

Rank

Annual Retirement Income

$53,178

#32

Annual Cost Of Comfortable Retirement

$58,528

#43

Wisconsin

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Wisconsin

Metric

Value

Rank

Annual Retirement Income

$51,241

#40

Annual Cost Of Comfortable Retirement

$61,200

#30

Wyoming

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Wyoming

Metric

Value

Rank

Annual Retirement Income

$55,247

#23

Annual Cost Of Comfortable Retirement

$59,741

#37

Table

Region ↕Annual Retirement Income ↕Annual Cost Of Comfortable Retirement ↕
Alabama iconAlabama$52,554$56,769
Alaska iconAlaska$54,932$81,796
Arizona iconArizona$55,589$70,390
Arkansas iconArkansas$49,057$58,854
California iconCalifornia$59,009$90,399
Colorado iconColorado$61,939$68,565
Connecticut iconConnecticut$55,297$75,213
Delaware iconDelaware$60,491$68,696
Florida iconFlorida$45,609$68,109
Georgia iconGeorgia$44,548$57,942
Hawaii iconHawaii$60,081$121,228
Idaho iconIdaho$60,487$64,459
Illinois iconIllinois$47,530$59,897
Indiana iconIndiana$54,227$58,789
Iowa iconIowa$52,899$57,485
Kansas iconKansas$50,905$56,899
Kentucky iconKentucky$50,617$60,484
Louisiana iconLouisiana$43,352$60,940
Maine iconMaine$57,666$74,627
Maryland iconMaryland$64,313$80,884
Massachusetts iconMassachusetts$58,253$97,699
Michigan iconMichigan$57,680$59,767
Minnesota iconMinnesota$55,694$61,983
Mississippi iconMississippi$49,838$55,074
Missouri iconMissouri$62,692$58,724
Montana iconMontana$53,088$68,631
Nebraska iconNebraska$60,245$59,376
Nevada iconNevada$51,589$66,415
New Hampshire iconNew Hampshire$53,538$74,757
New Jersey iconNew Jersey$55,154$74,301
New Mexico iconNew Mexico$52,563$61,135
New York iconNew York$65,398$88,444
North Carolina iconNorth Carolina$58,667$63,156
North Dakota iconNorth Dakota$45,455$63,482
Ohio iconOhio$51,049$58,268
Oklahoma iconOklahoma$60,019$56,508
Oregon iconOregon$54,644$79,645
Pennsylvania iconPennsylvania$51,913$64,003
Rhode Island iconRhode Island$53,449$72,476
South Carolina iconSouth Carolina$53,952$62,765
South Dakota iconSouth Dakota$56,825$62,634
Tennessee iconTennessee$56,369$58,854
Texas iconTexas$53,500$60,353
Utah iconUtah$51,752$66,480
Vermont iconVermont$57,540$75,865
Virginia iconVirginia$62,409$66,545
Washington iconWashington$68,220$74,301
West Virginia iconWest Virginia$53,178$58,528
Wisconsin iconWisconsin$51,241$61,200
Wyoming iconWyoming$55,247$59,741
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