Average Retirement Income By State 2024

1.	Washington	$68,220
2.	New York	$65,398
3.	Maryland	$64,313
4.	Missouri	$62,692
5.	Virginia	$62,409
6.	Colorado	$61,939
7.	Delaware	$60,491
8.	Idaho	$60,487
9.	Nebraska	$60,245
10.	Hawaii	$60,081
11.	Oklahoma	$60,019
12.	California	$59,009
13.	North Carolina	$58,667
14.	Massachusetts	$58,253
15.	Michigan	$57,680
16.	Maine	$57,666
17.	Vermont	$57,540
18.	South Dakota	$56,825
19.	Tennessee	$56,369
20.	Minnesota	$55,694
21.	Arizona	$55,589
22.	Connecticut	$55,297
23.	Wyoming	$55,247
24.	New Jersey	$55,154
25.	Alaska	$54,932
26.	Oregon	$54,644
27.	Indiana	$54,227
28.	South Carolina	$53,952
29.	New Hampshire	$53,538
30.	Texas	$53,500
31.	Rhode Island	$53,449
32.	West Virginia	$53,178
33.	Montana	$53,088
34.	Iowa	$52,899
35.	New Mexico	$52,563
36.	Alabama	$52,554
37.	Pennsylvania	$51,913
38.	Utah	$51,752
39.	Nevada	$51,589
40.	Wisconsin	$51,241
41.	Ohio	$51,049
42.	Kansas	$50,905
43.	Kentucky	$50,617
44.	Mississippi	$49,838
45.	Arkansas	$49,057
46.	Illinois	$47,530
47.	Florida	$45,609
48.	North Dakota	$45,455
49.	Georgia	$44,548
50.	Louisiana	$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

See Less

Metric

Value

Rank

Annual Retirement Income

$52,554

#36

Annual Cost Of Comfortable Retirement

$56,769

#48

Alaska

Metric

Value

Rank

Annual Retirement Income

$54,932

#25

Annual Cost Of Comfortable Retirement

$81,796

Arizona

Metric

Value

Rank

Annual Retirement Income

$55,589

#21

Annual Cost Of Comfortable Retirement

$70,390

#15

Arkansas

Metric

Value

Rank

Annual Retirement Income

$49,057

#45

Annual Cost Of Comfortable Retirement

$58,854

#40

California

Metric

Value

Rank

Annual Retirement Income

$59,009

#12

Annual Cost Of Comfortable Retirement

$90,399

Colorado

Metric

Value

Rank

Annual Retirement Income

$61,939

Annual Cost Of Comfortable Retirement

$68,565

#18

Connecticut

Metric

Value

Rank

Annual Retirement Income

$55,297

#22

Annual Cost Of Comfortable Retirement

$75,213

Delaware

Metric

Value

Rank

Annual Retirement Income

$60,491

Annual Cost Of Comfortable Retirement

$68,696

#16

Florida

Metric

Value

Rank

Annual Retirement Income

$45,609

#47

Annual Cost Of Comfortable Retirement

$68,109

#19

Georgia

Metric

Value

Rank

Annual Retirement Income

$44,548

#49

Annual Cost Of Comfortable Retirement

$57,942

#45

Hawaii

Metric

Value

Rank

Annual Retirement Income

$60,081

#10

Annual Cost Of Comfortable Retirement

$121,228

Idaho

Metric

Value

Rank

Annual Retirement Income

$60,487

Annual Cost Of Comfortable Retirement

$64,459

#23

Illinois

Metric

Value

Rank

Annual Retirement Income

$47,530

#46

Annual Cost Of Comfortable Retirement

$59,897

#35

Indiana

Metric

Value

Rank

Annual Retirement Income

$54,227

#27

Annual Cost Of Comfortable Retirement

$58,789

#41

Iowa

Metric

Value

Rank

Annual Retirement Income

$52,899

#34

Annual Cost Of Comfortable Retirement

$57,485

#46

Kansas

Metric

Value

Rank

Annual Retirement Income

$50,905

#42

Annual Cost Of Comfortable Retirement

$56,899

#47

Kentucky

Metric

Value

Rank

Annual Retirement Income

$50,617

#43

Annual Cost Of Comfortable Retirement

$60,484

#33

Louisiana

Metric

Value

Rank

Annual Retirement Income

$43,352

#50

Annual Cost Of Comfortable Retirement

$60,940

#32

Maine

Metric

Value

Rank

Annual Retirement Income

$57,666

#16

Annual Cost Of Comfortable Retirement

$74,627

#11

Maryland

Metric

Value

Rank

Annual Retirement Income

$64,313

Annual Cost Of Comfortable Retirement

$80,884

Massachusetts

Metric

Value

Rank

Annual Retirement Income

$58,253

#14

Annual Cost Of Comfortable Retirement

$97,699

Michigan

Metric

Value

Rank

Annual Retirement Income

$57,680

#15

Annual Cost Of Comfortable Retirement

$59,767

#36

Minnesota

Metric

Value

Rank

Annual Retirement Income

$55,694

#20

Annual Cost Of Comfortable Retirement

$61,983

#29

Mississippi

Metric

Value

Rank

Annual Retirement Income

$49,838

#44

Annual Cost Of Comfortable Retirement

$55,074

#50

Missouri

Metric

Value

Rank

Annual Retirement Income

$62,692

Annual Cost Of Comfortable Retirement

$58,724

#42

Montana

Metric

Value

Rank

Annual Retirement Income

$53,088

#33

Annual Cost Of Comfortable Retirement

$68,631

#17

Nebraska

Metric

Value

Rank

Annual Retirement Income

$60,245

Annual Cost Of Comfortable Retirement

$59,376

#38

Nevada

Metric

Value

Rank

Annual Retirement Income

$51,589

#39

Annual Cost Of Comfortable Retirement

$66,415

#22

New Hampshire

Metric

Value

Rank

Annual Retirement Income

$53,538

#29

Annual Cost Of Comfortable Retirement

$74,757

#10

New Jersey

Metric

Value

Rank

Annual Retirement Income

$55,154

#24

Annual Cost Of Comfortable Retirement

$74,301

#13

New Mexico

Metric

Value

Rank

Annual Retirement Income

$52,563

#35

Annual Cost Of Comfortable Retirement

$61,135

#31

New York

Metric

Value

Rank

Annual Retirement Income

$65,398

Annual Cost Of Comfortable Retirement

$88,444

North Carolina

Metric

Value

Rank

Annual Retirement Income

$58,667

#13

Annual Cost Of Comfortable Retirement

$63,156

#26

North Dakota

Metric

Value

Rank

Annual Retirement Income

$45,455

#48

Annual Cost Of Comfortable Retirement

$63,482

#25

Ohio

Metric

Value

Rank

Annual Retirement Income

$51,049

#41

Annual Cost Of Comfortable Retirement

$58,268

#44

Oklahoma

Metric

Value

Rank

Annual Retirement Income

$60,019

#11

Annual Cost Of Comfortable Retirement

$56,508

#49

Oregon

Metric

Value

Rank

Annual Retirement Income

$54,644

#26

Annual Cost Of Comfortable Retirement

$79,645

Pennsylvania

Metric

Value

Rank

Annual Retirement Income

$51,913

#37

Annual Cost Of Comfortable Retirement

$64,003

#24

Rhode Island

Metric

Value

Rank

Annual Retirement Income

$53,449

#31

Annual Cost Of Comfortable Retirement

$72,476

#14

South Carolina

Metric

Value

Rank

Annual Retirement Income

$53,952

#28

Annual Cost Of Comfortable Retirement

$62,765

#27

South Dakota

Metric

Value

Rank

Annual Retirement Income

$56,825

#18

Annual Cost Of Comfortable Retirement

$62,634

#28

Tennessee

Metric

Value

Rank

Annual Retirement Income

$56,369

#19

Annual Cost Of Comfortable Retirement

$58,854

#39

Texas

Metric

Value

Rank

Annual Retirement Income

$53,500

#30

Annual Cost Of Comfortable Retirement

$60,353

#34

Utah

Metric

Value

Rank

Annual Retirement Income

$51,752

#38

Annual Cost Of Comfortable Retirement

$66,480

#21

Vermont

Metric

Value

Rank

Annual Retirement Income

$57,540

#17

Annual Cost Of Comfortable Retirement

$75,865

Virginia

Metric

Value

Rank

Annual Retirement Income

$62,409

Annual Cost Of Comfortable Retirement

$66,545

#20

Washington

Metric

Value

Rank

Annual Retirement Income

$68,220

Annual Cost Of Comfortable Retirement

$74,301

#12

West Virginia

Metric

Value

Rank

Annual Retirement Income

$53,178

#32

Annual Cost Of Comfortable Retirement

$58,528

#43

Wisconsin

Metric

Value

Rank

Annual Retirement Income

$51,241

#40

Annual Cost Of Comfortable Retirement

$61,200

#30

Wyoming

Metric

Value

Rank

Annual Retirement Income

$55,247

#23

Annual Cost Of Comfortable Retirement

$59,741

#37

Additional Miscellaneous Datasets

Average Retirement Income By State

Introduction

By Region

Alabama

Alaska

Arizona

Arkansas

California

Colorado

Connecticut

Delaware

Florida

Georgia

Hawaii

Idaho

Illinois

Indiana

Iowa

Kansas

Kentucky

Louisiana

Maine

Maryland

Massachusetts

Michigan

Minnesota

Mississippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

Ohio

Oklahoma

Oregon

Pennsylvania

Rhode Island

South Carolina

South Dakota

Tennessee

Texas

Utah

Vermont

Virginia

Washington

West Virginia

Wisconsin

Wyoming

Additional Miscellaneous Datasets

BAC Limit By State

Beer Consumption by Country

Best Cities for Single Men

Blue Laws By State