Average retirement income by zip code

Last UpdatedMarch 5, 2024

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If you don’t have 35 years of work under your belt when you start claiming benefits, if your earnings were consistently low or if you claim benefits starting at age 62 rather Get the most current US Census income data for zip code 93455. The most common way folks look at numerical data is the average. In general, younger generations have far less saved up than older generations, with Gen Zers averaging $38,633 and Boomers averaging $1,076,208. Median. 4% of pay in 2022, according to the most recent data available from Vanguard, one of the largest retirement account recordkeepers. 9% boost for 2022 due to rising inflation. According to the CPS ASEC data, the average income for retired households in the U. Aug 12, 2022 · The mean average retirement income for the same age group is $73,228. Maryland Income Statistics. Apple, Google, and Facebook are all just 15 minutes away from Los Altos, making it a desirable location for many. 6. The number of people in their late 20s to early 40s May 20, 2024 · Enter City and State or Zip Code. The Maryland median household income from the latest estimates is $80,776 and has risen 2. 5%. To filter data tables for a specific survey use the links below: B09010 Receipt of Supplemental Security Income (SSI), Cash Public Assistance Income, or Food Stamps/SNAP in the Past 12 Months by Household Type for Children Under 18 Years in Households. Social Security was never intended to be a primary source of income. The percentage of children under 18 living in the 50265 ZIP May 14, 2024 · The second-highest city, over $10,000 a year less than Arlington, is Cambridge, whose average retiree makes $79,563 a year. The number of people in their late You be the judge for the areas below. This amount, though consistent, falls short of ensuring a comfortable Feb 16, 2024 · 2. For the 16155 zip code, which mostly encompasses the greater Villa Maria area, healthcare options help make this a top place for seniors to call home. In 2022, Vanguard published the following average balances of retirement savings by age group. The majority of household are rented. 50% or more of income comes from Social Security. Get the right data from $62. Let's look at an example. Yeehaw! In our example, we would divide (1) 88,982,500 by (2) 3,556 to find out that the average retirement income for 78745 is $25,023. Prices for rental property include ZIP code 33156 apartments, townhouses, and homes that are primary residences. Contains the Documentation, the . Looking at 75115 real estate data, the median home value of $142,300 is slightly less than average compared to the rest of the country. FMRs are used to determine standard payment amounts for Section 8 housing, Housing Choice Voucher program, and other government housing assistance programs. However, retirement income is also driven by decisions retirees make today and trends driving the economy: Look Up a ZIP Code ™. The people living in ZIP code 45202 are primarily black or African American. It was only ever intended to supplement retirement income. Retirees in the District of Columbia also bring in significantly more than those in the second-ranked state, Alaska, with $36,023. While money isn't everything, residents in ZIP code 33025 earn less than in other parts of town. - The Median household income of a Mar 21, 2023 · The average monthly retirement income adjusted for inflation in 2023 is $4,381. has $43,744. To live comfortably through an average of 16. Average Household Income. The average expected retirement age among non retirees has risen from 60 in 1995 to 66. 33142. ZIP code 30071 is located in northwest Georgia and covers a slightly less than average land area compared to other ZIP codes in the United States. gov are in downloadable XLS, CVS and PDF file formats. 20854 (Potomac, MD) rose from #3 to #1, 20816 (Bethesda, MD) rose from #6 to #2, 20817 (Bethesda, MD) rose from #7 to #3, 21029 (Clarksville, MD) rose from #5 to #4 In fact, the average adult daycare in Lincoln is just $11,050 per year, much lower than the national average. Feb 21, 2024 · 65-74 years: $63,187 per year or $5,266 per month. 3% from $78,945. Income and Salaries for Clifton Park (zip 12065) - The average income of a Clifton Park (zip 12065) resident is $41,258 a year. Look Up a ZIP Code. - Tax Rates can have a big impact when Comparing Cost of Living. The number of people in their late 20s to early 40s is extremely large while Retirement income in the United States can differ significantly from state to state. 3%) above the $62,680. May 20, 2024 · Enter City and State or Zip Code. The number of people in their late 20s to early 40s is extremely large while Mar 22, 2018 · Prudential surveys ethnic, gender finances. ZIP code 77084 is located in eastern Texas and covers a slightly less than average land area compared to other ZIP codes in the United States. The median household income of $66,758 is high compared to the rest of the country. According to the latest data from the United States Census Bureau, the median annual income for individuals aged 65 and older is $47,620, while the mean annual income is $75,254. Six-figure zip codes Here are the U. Apr 30, 2024 · Do this now so nest egg builds over time. The number of people in their late 20s to early 40s is extremely large while the Nov 29, 2023 · According to the 2021 Canadian Income Survey, the average after-tax income for senior families in 2021 was $69,900. The District of Columbia likely stands out in this ranking in part because Feb 27, 2023 · Analyzing the Data on the Average Retirement Income by State. Indiana, for example, has an average of $21,774 while D. That works out to $5,825 per month About this Tool. Table from ACS 1-Year Estimates Subject Tables, released The above chart shows that U. There are also a slightly higher than average number of families and a slightly less than average number of single parents. Median household retirement savings: $45,000. There are also an extremely large number of single adults and an extremely small number of families. 4% from $50,860. 6%. Skip spending 40+ hours on Census. Average retirement savings, not surprisingly, rise with age. Enter city and state to see all the ZIP Codes ™ for that city. Looking at 02151 real estate data, the median home value of $306,900 is high compared to the rest of the country. Top 5 2021. Zip Code: 94024. 1 bedrooms are also common and rent for $1,000+/month. Census Bureau report. And for a senior individual, it was $31,400. Alaska has the youngest average retirement age of 61 years and a life expectancy of 77. 33032. Final Weighted Average Score: 9. The neighborhood’s average annual income of $541,700 earns it the title The Florida median household income from the latest estimates is $52,594 and has risen 3. The number of people in their late 20s to early 40s is extremely large while the number of middle aged adults is large. The average income by age typically decreases as you grow older. lowering your overall monthly Social Security income. The people living in ZIP code 30071 are primarily white. Enter a ZIP Code ™ to see the cities it covers. 9. It also has an extremely large population density. Oct 30, 2023 · When broken down by individual states the averages range from a low of $20,542 in Indiana to a high of $43,080 in the District of Columbia. 'The average annual income for women in our sample was $52,521, compared with $84,006 for men—a difference of 37%,' according to Prudential's new survey. The people living in ZIP code 75071 are primarily white. Fair Market Rents (FMRs) are set by the Department of Housing and Urban Development (HUD) each year. communities with the highest percentage of six-figure income earners, according to OnBoard LLC, which created this list based on statistics collected from Rentals in 23608 are most commonly 2 bedrooms. Connecticut. While money isn't everything, residents in ZIP code 18974 earn less than in other parts of town. The people living in ZIP code 07079 are primarily white. Includes city and county names. However, while this might seem shocking, consider that places with higher costs of living, like California, might make your money mean Income By Zip Code Lists. $120,000 replaced at 80% is $96,000. 63. For more information, see Newport News, VA real estate. Get the most current US Census income data for zip code 34238. $250,001. Many tables are in downloadable in XLS, CVS and PDF file formats. North Dakota’s average retirement savings of $319,609 are the lowest in the country. Median retirement savings are highest among a group of 55 to 64 years old ($134,000), whereas they were lowest among those under 35 ($13,000)[2]. May 15, 2024 · Average Retirement Income. The percentage of children under 18 living in the 45202 ZIP Sep 12, 2023 · Income Data Tables. The number of middle aged adults is extremely large while the number of seniors is large. Looking at 39571 real estate data, the median home value of $166,500 is slightly higher than average compared to the rest of the country. 32068. Compare 93455 income statistics with data for neighboring California zip codes, counties and cities. The top 8 ZIPs have a median household income greater than $250,000. Homes in ZIP code 75115 were primarily built in the 1980s or the 2000s. 33414. 5. May 7, 2024 · Ages 35 to 44. The Top 50. The people living in ZIP code 77084 are primarily white. ™. Get the most current income data for US zip codes in seconds. The IRS We’ve identified ten states where the typical salary for a Retirement job is above the national average. But it's more than Comal County ($121,798), Guadalupe County ($104,433), Canyon Lake CDP ($112,736), New Braunfels city ($105,541), and Schertz city ($110,732). Further reduced by 20% in taxes, that may not be paid in retirement, results $76,800. Rentals in 30248 are most commonly 3+ bedrooms. While a large chunk of this does come from Social Security, the average SS payout of only $22,000 per year means that most retirees are pulling income from other sources. The data include items, such as: ZIP Code data for years 1998, 2001, and 2004 through 2020 are available as single Zip files containing all State Excel files. Many tables on census. 75 and older: $47,928 per year or $3,994 per month. Houses in this area are cheaper than in other parts of country - median home value is $342000. Income by Zip code tabulation area - Census Bureau Tables Feb 26, 2022 · The average monthly Social Security income got a 5. 34 million in savings are required for future retirees. Stats displayed in columns and rows with title, ID, notes, sources, and release date. 16155, Villa Maria, PA. As you've probably noticed, these numbers vary significantly between states. The average balance for those 45 to Homes in ZIP code 39571 were primarily built in the 2000s. For some people, Social Security benefits might comprise a substantial portion of this income Feb 15, 2024 · At the end of 2023, the average monthly retirement income from Social Security was $1,781. 70 years of retirement, $1. gov for 78745 – our home zip code in Austin, Texas. The number of people in their late Average annual income: $75,254. ZIP code 34715 is located in central Florida and covers a slightly less than average land area compared to other ZIP codes in the United States. #1. Map of 25 Wealthiest ZIP Codes in Massachusetts Based on Average Adjusted Gross Income. The US average is $28,555 a year. 25 to 34 years: $30,017; 35 to 44 years: $76,354 The Top 50. The tables below provide income statistics displayed in tables with columns and rows. It is also extremely high compared to nearby ZIP codes. The number of people in their late 20s to early 40s is The people living in ZIP code 07005 are primarily white. ZIP code 96701 is located in southeast Hawaii and covers a slightly less than average land area compared to other ZIP codes in the United States. Income Per Year. 32703. FMR prices are the 40th percentile rates in an area. Fellow East Coast states also included in the top 5 are: New Jersey (2nd – $514,245), New Hampshire (3rd– $$512,781), and Vermont (5th – $494,569). Indiana Income Statistics. CT. A few other income data points for people of retirement age are illustrated below. The percentage of children under 18 living in the 17603 ZIP code is slightly less than average The median household income of $51,822 is slightly higher than average compared to the rest of the country. Homes in ZIP code 02151 were primarily built in 1939 or earlier. There are also a large number of families and a small number of single adults. Jun 13, 2024 · In New York, the GoBankingRates study revealed that a retiree’s 401 (k) and Social Security, when intertwined, can last roughly 11 years and 10 days with a senior’s yearly expenditure of Jun 12, 2024 · How much the average American has saved for retirement varies greatly by state and age. The following data are the most current income statistics for Indiana from the US Census Bureau, are in 2022 inflation adjusted dollars and are from the Click on the links above in the chart to see more income statistics for these wealthy Maryland zips codes or learn more about the highest income zip codes in the US. 33458. Defining a 'good' retirement income requires considering personal goals, inflation and anticipated Jun 7, 2024 · Data are based on individual income tax returns filed with the IRS and are available for Tax Years 1998, 2001, and 2004 through 2021. If both spouses collect the average monthly income: $42,744. 32246. Prices for rental property include ZIP code 23608 apartments, townhouses, and homes that are primary residences. In 2023, the average Social Security retirement benefit was $1,827, which translates to $21,924 per year or $423 per week. For more information, see Pinecrest, FL house value. Instant download. Stats and Demographics for the 77084 ZIP Code. The people living in ZIP code 76104 are primarily black or African American. Jan 23, 2020 · Important Financial Trends for Retirement Income 2020 and Beyond… Average retirement income 2020 is somewhat driven by choices retirees made long ago — where did they work, how much did they save, did they buy a home and more. It is also slightly less than average compared to nearby ZIP codes. 07078 (Short Hills, NJ) Previously $250,001. The people living in ZIP code 30518 are primarily white. It is also low compared to nearby ZIP codes. Most of the houses have 3+ Bedroom and were build in 1990s. Keep in mind, though, that your Social Security benefits could be smaller. 70%. Compare 34238 income statistics with data for neighboring Florida zip codes, counties and cities. So you are less likely to find inexpensive homes in 39571. While money isn't everything, residents in ZIP code 02072 earn less than in other parts of town. So you are less likely to find inexpensive homes in 30248. There are also a small number of families and a large number of single adults. Additionally, the ZIP code 96701 is located in southeast Hawaii and covers a slightly less than average land area compared to other ZIP codes in the United States. 50%. This breaks down into $51,344 in retirement account income and $28,219 ZIP code 76104 is located in eastern Texas and covers a slightly less than average land area compared to other ZIP codes in the United States. Here's what these two tables look on Census. It also has a slightly less than average population density. Feb 27, 2024 · ZIP Code Data Users Guide and Record Layouts DOCX. According to the data, nearly 62% of households headed by someone in this age range had Connecticut leads this year’s top 5 list with an average retirement savings of $545,754. Over the age of 75, the median retirement income is only $37,335, and the mean is $58,684. Alaska’s average annual retirement income is $80,348 to retire comfortably. C. While money isn't everything, residents in ZIP code 75062 earn less than in other parts of town. 25, according to a 2022 U. List and Interactive Map of Orange County Florida ZIP Codes By Median Household Income. The average annual income for adults 65 and older in 2023 is $75,254 – or $83,085 when adjusted for inflation. gov. Delaware beats the national average by 7. Published December 20, 2018. Stats and Demographics for the 07079 ZIP Code. Prices for rental property include ZIP code 36606 apartments, townhouses, and homes that are primary residences. Connecticut has the highest average retirement savings, $545,754, and Utah has the lowest, $315,160. Census Bureau data table S1901 - Income in the Past 12 Months (in 2022 Inflation-Adjusted Dollars). Go Banking Rates said in a recent article that a run-of-the-mill Social Security check can average out Apr 30, 2024 · Do this now so nest egg builds over time. The number of people in their late 20s to early 40s is extremely large . The people living in ZIP code 96701 are primarily Asian. The number of people in their late 20s to early 40s is extremely large while the Jul 12, 2023 · Average household retirement savings vary from $30,354 to $413,814, depending on the age group of the family head [2]. The rent for 2 bedrooms is normally $1,000+/month including utilities. The following data are the most current income statistics for Maryland from the US Census Bureau, are in 2022 inflation adjusted dollars and are from ZIP code 11207 is located in southeast New York and covers a slightly less than average land area compared to other ZIP codes in the United States. This tax rate was estimated by calculating effective federal, wage, and state taxes on an income of $120,000 in 2023. The US average is 4. 10282 (New York, NY) Rentals in 36606 are most commonly 2 bedrooms. The number of people in their late 20s to early 40s is extremely large while the The median household income of $74,262 is high compared to the rest of the country. Most current data (2022) available from Census. The number of middle aged adults is extremely large while the number of people in their late 20s to early 40s is extremely large. for households aged 65 and over. It is also slightly higher than average compared to nearby ZIP codes. The median household income of $45,872 is slightly less than average compared to the rest of the country. The average household income ($159,754) for 78132 is less than the average household income for Garden Ridge city ($174,003). For example, Social Security is a primary source of retirement income for many people, and it pays out different levels of benefits based on where you live. Go Banking Rates said in a recent article that a run-of-the-mill Social Security check can average out Aug 2, 2023 · The average retirement income in 2023 is $75,254, while the median income is only $47,620. The people living in ZIP code 07045 are primarily white. Factors such as length of working life, salary history, investment choices, living cost, healthcare Census Bureau data table S1901 - Income in the Past 12 Months (in 2022 Inflation-Adjusted Dollars). gov, learning cumbersome software, or paying 10x as much for a file stuffed with data you'll never use. This year saw several big changes. is $75,254 Nov 30, 2023 · The average retirement age in the U. According to the Social Security Administration, Wisconsin has the highest average monthly benefit while Kentucky […] The Census also indicates that there are one or more nursing homes nearby. Topping the list is Washington, with Colorado and Delaware close behind in second and third. Ideal for identifying income trends and demographic insights in specific areas. - The Income Tax Rate for Clifton Park (zip 12065) is 6. Stats and Demographics for the 34715 ZIP Code. Table from ACS 5-Year Estimates Subject Tables, released by American Community Survey. 10282 (New York, NY) Click on the links above in the chart to see more income statistics for these wealthy Indiana zips codes or learn more about the highest income zip codes in the US. It’s expected that younger families have lower retirement savings. The percentage of children under 18 Apr 10, 2018 · The second-wealthiest zip code in Boston, according to Bloomberg, is 02108, which encompasses the Common and Beacon Hill. Enter a corporate or residential street address, city, and state to see a specific ZIP Code ™. has risen to 61 from age 57 in the 1990s. The percentage of children under 18 living in the 30518 ZIP code is The people living in ZIP code 50265 are primarily white. Tax Years: 2021 ZIP ZIP Code Data by Individual State or Area Nov 17, 2023 · 2023 average annual income from Social Security. ZIP Code Data CSV Files. This Cost of Living Adjustment (COLA) raised the average monthly Social Security payment to $1,657. There are also a large number of single adults and a slightly less than average number of single parents. #2. residents 35 and under have an average of $30,170 in retirement savings; those 35 to 44 have an average $131,950; those 45 to 54 have an average $254,720; those 55 to 64 have an average $408,420; those 65 to 74 have an average $426,070; and those over 70 have an average $357,920. If you are using a screen reader and are having problems accessing data, please call 301-763-3243 for assistance. The number of people in their late 20s to early 40s is extremely large while the number of young adults is large. So, the median average retirement income for ages 65 to 74 is $56,632, and the mean is $84,153. Pricing FAQs 1-800-939-2130 Income By Zip Code Lists; Sample Map of Travis County Oct 6, 2023 · Median Household Income: $250,001. Source: Federal Reserve Survey of There are 11447 housing units in ZIP code 21144 - it is extremely low compering to the country average in the country. 70 years. 2021 (all States, includes AGI) 2021 (all States, does not include AGI) ZIP File. 25 to 34 years: $30,017; 35 to 44 years: $76,354 Average annual income: $75,254. Jan 18, 2024 · The average retirement income, drawn from various sources like Social Security benefits, pensions, retirement account distributions, investment income, and other sources, stood at $75,254 per year in the U. S. There are also a small number of single adults and a slightly higher than average number of families. Employment, Income, Earnings, and Work. is $75,254 ZIP code 30071 is located in northwest Georgia and covers a slightly less than average land area compared to other ZIP codes in the United States. The rent for 2 bedrooms is normally $750-$999/month including utilities. 33332 (Fort Lauderdale, FL) rose from #4 to #3, 33149 (Key Biscayne, FL) fell from #3 to #4, 32081 (Ponte Vedra, FL) ranked for the first time, 33330 (Fort Lauderdale, FL) rose from #12 to #8, and 33449 Rentals in 33156 are most commonly 2 bedrooms. 5%, and Washington furthers that trend with another $9,580 (15. Use the SSA’s Apr 30, 2024 · The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively. The people living in ZIP code 34715 are primarily white. The people living in ZIP code 11207 are primarily black or African American. Assumes an 80% replacement rate and a 20% effective tax rate preretirement. Map List Related. The Census Bureau puts a limit on the median household income that is reported. Get the most popular income and demographic data used by 12,695 businesses to optimize their marketing campaigns and identify the right zip code for new locations. 33511. Dec 16, 2021 · ACS Income Data Tables. The number of people in their late 20s to early 40s is extremely large while the number of seniors is small. Median Household Income; 1: 02110: Boston: Suffolk May 9, 2024 · The average annual employee 401 (k) contribution was 7. Average household retirement savings: $141,520. It also has a slightly higher than average population density. The files are compressed using the WinZip utility and ZIP code 75071 is located in northeast Texas and covers a slightly less than average land area compared to other ZIP codes in the United States. It also has a large population density. 3+ bedrooms are also common and rent for $1,000+/month. Usual home values are usually within $200,000-$399,999. csv files, and all State files in Excel format. The percentage of children under 18 living in the 07045 ZIP code is slightly higher than average compared to other areas The people living in ZIP code 17603 are primarily white. $21,372. Looking at 30248 real estate data, the median home value of $137,700 is slightly less than average compared to the rest of the country. ZIP code 07079 is located in northeast New Jersey and covers a slightly less than average land area compared to other ZIP codes in the United States. ac zw ml fc kw oc fz im fz fd