People’ with retirement revenue generated much more of it in some states than in others.
The common ranged from lower than $23,000 per 12 months in 2023, in Indiana, to virtually twice that, in a single state on the East Coast, in accordance with a enormous batch of American Group Survey knowledge posted by the U.S. Census Bureau.
The median was $29,714.
Retirement revenue was simply 1.1% increased than in 2022 however 34% increased than in 2013.
For a have a look at the 12 high states for retirement revenue in 2023, and the way it’s modified since 2013, see the gallery above. For knowledge for all 50 states, see the chart under.
What it means: Purchasers relying on retirement revenue to pay the payments is likely to be hungry for brand spanking new concepts about enhance it and make it go additional.
The survey: The American Group Survey is a serious authorities knowledge assortment program.
The brand new tables posted cowl every thing from revenue to housing prices to medical insurance protection.
The federal government is free from copyright. Monetary professionals can use the info in their very own stories and social media posts free of charge.
The numbers: The Census Bureau defines “retirement revenue” to incorporate revenue from pensions, annuities, 401(ok) plans, incapacity insurance coverage insurance policies and quite a lot of different preparations, comparable to 403(b) plans, however not Social Safety.
The share of individuals amassing retirement revenue within the typical state rose to 24.9% in 2023. That was up from 24.7% in 2022 and up from 18% 10 years earlier.
General U.S. revenue from all sources adopted a special path than retirement revenue.
Whole revenue elevated 7.5% between 2022 and 2023 however elevated simply 27% between 2013 and 2023.
| ...... | Variety of households in 2023.. | Share with retirement revenue....2023.. | 2013...... | Imply retirement revenue.. | Change since 2013.. |
|---|---|---|---|---|---|
| ..Alabama.. | ..2,051,545.. | ..26.1%.. | ..21.1%.. | ..$28,024.. | ..+27.6%.. |
| ..Alaska.. | .. 276,852.. | ..24.5%.. | ..19.7%.. | ..$36,660.. | ..+35.8%.. |
| ..Arizona.. | ..2,907,014.. | ..26.2%.. | ..19.6%.. | ..$31,625.. | ..+29.9%.. |
| ..Arkansas.. | ..1,232,871.. | ..22.8%.. | ..16.9%.. | ..$25,512.. | ..+34.3%.. |
| ..California.. | .. 13,699,816.. | ..21.6%.. | ..15.6%.. | ..$37,952.. | ..+32.3%.. |
| ..Colorado.. | ..2,428,261.. | ..22.4%.. | ..16.4%.. | ..$34,219.. | ..+26.5%.. |
| ..Connecticut.. | ..1,442,969.. | ..25.6%.. | ..17.8%.. | ..$35,155.. | ..+32.3%.. |
| ..Delaware.. | .. 412,048.. | ..31.8%.. | ..24.0%.. | ..$37,028.. | ..+55.2%.. |
| ..District.of.Columbia.. | .. 334,673.. | ..16.7%.. | ..14.5%.. | ..$45,032.. | ..+17.1%.. |
| ..Florida.. | ..8,966,402.. | ..25.9%.. | ..19.3%.. | ..$33,955.. | ..+37.2%.. |
| ..Georgia.. | ..4,150,138.. | ..22.5%.. | ..16.5%.. | ..$29,035.. | ..+17.8%.. |
| ..Hawaii.. | .. 493,898.. | ..31.0%.. | ..22.4%.. | ..$37,654.. | ..+35.7%.. |
| ..Idaho.. | .. 733,244.. | ..25.3%.. | ..18.0%.. | ..$31,085.. | ..+44.7%.. |
| ..Illinois.. | ..5,071,288.. | ..24.1%.. | ..16.7%.. | ..$33,337.. | ..+32.7%.. |
| ..Indiana.. | ..2,754,881.. | ..25.1%.. | ..18.7%.. | ..$23,237.. | ..+36.3%.. |
| ..Iowa.. | ..1,337,243.. | ..24.8%.. | ..16.7%.. | ..$25,417.. | ..+33.3%.. |
| ..Kansas.. | ..1,188,340.. | ..24.2%.. | ..16.2%.. | ..$26,066.. | ..+28.3%.. |
| ..Kentucky.. | ..1,853,603.. | ..25.4%.. | ..19.9%.. | ..$26,151.. | ..+24.8%.. |
| ..Louisiana.. | ..1,833,915.. | ..22.0%.. | ..15.8%.. | ..$29,714.. | ..+34.3%.. |
| ..Maine.. | .. 616,085.. | ..27.2%.. | ..19.5%.. | ..$28,636.. | ..+34.2%.. |
| ..Maryland.. | ..2,384,715.. | ..26.1%.. | ..20.2%.. | ..$39,927.. | ..+30.1%.. |
| ..Massachusetts.. | ..2,800,984.. | ..23.2%.. | ..15.9%.. | ..$34,487.. | ..+36.6%.. |
| ..Michigan.. | ..4,107,809.. | ..27.8%.. | ..22.5%.. | ..$27,004.. | ..+26.1%.. |
| ..Minnesota.. | ..2,344,432.. | ..24.3%.. | ..15.9%.. | ..$29,531.. | ..+33.7%.. |
| ..Mississippi.. | ..1,166,617.. | ..23.7%.. | ..18.3%.. | ..$26,558.. | ..+36.1%.. |
| ..Missouri.. | ..2,556,271.. | ..25.5%.. | ..19.2%.. | ..$27,898.. | ..+36.7%.. |
| ..Montana.. | .. 472,867.. | ..25.3%.. | ..18.4%.. | ..$29,429.. | ..+38.9%.. |
| ..Nebraska.. | .. 813,864.. | ..21.4%.. | ..14.0%.. | ..$27,814.. | ..+48.8%.. |
| ..Nevada.. | ..1,224,685.. | ..24.7%.. | ..18.0%.. | ..$34,775.. | ..+32.0%.. |
| ..New Hampshire.. | .. 569,493.. | ..27.6%.. | ..17.7%.. | ..$30,974.. | ..+34.0%.. |
| ..New Jersey.. | ..3,538,457.. | ..24.6%.. | ..17.6%.. | ..$33,728.. | ..+29.5%.. |
| ..New Mexico.. | .. 856,580.. | ..26.1%.. | ..20.0%.. | ..$33,721.. | ..+28.9%.. |
| ..New York.. | ..7,809,267.. | ..24.9%.. | ..17.6%.. | ..$33,834.. | ..+33.6%.. |
| ..North Carolina.. | ..4,392,669.. | ..24.9%.. | ..18.8%.. | ..$28,207.. | ..+35.3%.. |
| ..North Dakota.. | .. 338,059.. | ..19.8%.. | ..11.4%.. | ..$28,677.. | ..+58.6%.. |
| ..Ohio.. | ..4,917,309.. | ..26.4%.. | ..20.7%.. | ..$28,722.. | ..+32.5%.. |
| ..Oklahoma.. | ..1,589,105.. | ..22.2%.. | ..16.7%.. | ..$26,686.. | ..+33.2%.. |
| ..Oregon.. | ..1,752,050.. | ..25.0%.. | ..19.3%.. | ..$32,376.. | ..+37.7%.. |
| ..Pennsylvania.. | ..5,324,209.. | ..27.2%.. | ..20.1%.. | ..$27,442.. | ..+38.4%.. |
| ..Rhode Island.. | .. 443,980.. | ..24.8%.. | ..17.5%.. | ..$32,075.. | ..+27.1%.. |
| ..South Carolina.. | ..2,177,733.. | ..26.8%.. | ..20.6%.. | ..$29,050.. | ..+32.2%.. |
| ..South Dakota.. | .. 378,559.. | ..22.6%.. | ..14.8%.. | ..$27,033.. | ..+31.1%.. |
| ..Tennessee.. | ..2,889,226.. | ..24.1%.. | ..18.4%.. | ..$27,418.. | ..+35.8%.. |
| ..Texas.. | .. 11,260,645.. | ..19.4%.. | ..14.3%.. | ..$30,650.. | ..+32.4%.. |
| ..Utah.. | ..1,167,591.. | ..20.5%.. | ..15.6%.. | ..$31,937.. | ..+28.7%.. |
| ..Vermont.. | .. 279,612.. | ..25.8%.. | ..17.2%.. | ..$28,478.. | ..+38.9%.. |
| ..Virginia.. | ..3,402,670.. | ..26.5%.. | ..21.3%.. | ..$37,139.. | ..+30.5%.. |
| ..Washington.. | ..3,101,265.. | ..23.9%.. | ..18.2%.. | ..$33,149.. | ..+39.8%.. |
| ..West Virginia.. | .. 743,644.. | ..28.3%.. | ..23.3%.. | ..$24,127.. | ..+34.8%.. |
| ..Wisconsin.. | ..2,495,539.. | ..26.8%.. | ..17.9%.. | ..$28,255.. | ..+37.4%.. |
| ..Wyoming.. | .. 247,368.. | ..27.0%.. | ..18.5%.. | ..$30,793.. | ..+39.4%.. |
| ..TOTAL.. | ..131,332,360.. | .... | .... | .... | .... |
| ..MEDIAN.. | .... | ..24.9%.. | ..18.0%.. | ..$29,714.. | ..+33.7%.. |
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