15 Best-Paying Cities for Working Seniors in 2023

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Editor’s Be aware: This story initially appeared on Smartest Dollar.

With most seniors out of the workforce and residing on fastened incomes or retirement financial savings, the quickly rising price of residing has put a financial strain on older households.

Past inflation, nevertheless, seniors want extra money than ever to dwell comfortably in retirement. The life expectancy of a 65-year-old within the U.S. has risen by greater than 4 years since 1970.

Seniors additionally face better well being points than the remainder of the inhabitants, which comes at a excessive price. The Facilities for Medicare and Medicaid Providers estimate that per-capita health care spending for seniors is almost thrice as excessive as that for the working-age inhabitants.

Confronted with these circumstances, older Individuals are staying within the workforce longer.

To find out the best-paying places for working seniors, researchers at Smartest Greenback calculated the cost-of-living adjusted median annual wage for seniors working full-time. The information used on this evaluation is from the U.S. Census Bureau.

For the needs of this evaluation, seniors have been thought-about to be age 65 and older. Discover particulars on our methodology on the finish.

Listed below are the best-paying U.S. metropolitan areas for working seniors.

15. Oklahoma Metropolis, OK

Oklahoma City
Henryk Sadura / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $60,372
  • Median annual wage for full-time seniors (precise): $56,000
  • Median annual wage for all full-time employees (adjusted): $50,669
  • Share of full-time workforce which are seniors: 3.8%
  • Share of inhabitants which are seniors: 14.8%

14. Cincinnati, OH-KY-IN

Cincinnati
Anne Kitzman / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $60,418
  • Median annual wage for full-time seniors (precise): $57,000
  • Median annual wage for all full-time employees (adjusted): $58,298
  • Share of full-time workforce which are seniors: 3.8%
  • Share of inhabitants which are seniors: 15.8%

13. San Francisco-Oakland-Hayward, CA

San Francisco
Pius Lee / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $61,753
  • Median annual wage for full-time seniors (precise): $74,000
  • Median annual wage for all full-time employees (adjusted): $71,767
  • Share of full-time workforce which are seniors: 4.4%
  • Share of inhabitants which are seniors: 16.7%

12. Baltimore-Columbia-Towson, MD

Baltimore, Maryland
Hethers / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $61,898
  • Median annual wage for full-time seniors (precise): $65,000
  • Median annual wage for all full-time employees (adjusted): $61,898
  • Share of full-time workforce which are seniors: 5.2%
  • Share of inhabitants which are seniors: 16.2%

11. Windfall-Warwick, RI-MA

Providence, Rhode Island
Nagel Images / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $62,254
  • Median annual wage for full-time seniors (precise): $63,000
  • Median annual wage for all full-time employees (adjusted): $59,289
  • Share of full-time workforce which are seniors: 5.1%
  • Share of inhabitants which are seniors: 18.1%

10. Milwaukee-Waukesha-West Allis, WI

Milwaukee, Wisconsin
Rudy Balasko / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $62,752
  • Median annual wage for full-time seniors (precise): $60,000
  • Median annual wage for all full-time employees (adjusted): $57,523
  • Share of full-time workforce which are seniors: 3.4%
  • Share of inhabitants which are seniors: 16.7%

9. Nashville-Davidson–Murfreesboro–Franklin, TN

Nashville, Tennessee
Kevin Ruck / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $62,807
  • Median annual wage for full-time seniors (precise): $60,000
  • Median annual wage for all full-time employees (adjusted): $52,339
  • Share of full-time workforce which are seniors: 4.0%
  • Share of inhabitants which are seniors: 14.3%

8. Buffalo-Cheektowaga-Niagara Falls, NY

Buffalo, New York
Atomazul / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $63,084
  • Median annual wage for full-time seniors (precise): $60,000
  • Median annual wage for all full-time employees (adjusted): $56,775
  • Share of full-time workforce which are seniors: 4.1%
  • Share of inhabitants which are seniors: 19.0%

7. San Jose-Sunnyvale-Santa Clara, CA

The skyline of San Jose, which has a lower median rent than median mortgage payment
stellamc / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $64,491
  • Median annual wage for full-time seniors (precise): $72,000
  • Median annual wage for all full-time employees (adjusted): $89,570
  • Share of full-time workforce which are seniors: 4.1%
  • Share of inhabitants which are seniors: 14.5%

6. Tucson, AZ

Tucson, Arizona
Chris Rubino / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $64,570
  • Median annual wage for full-time seniors (precise): $60,000
  • Median annual wage for all full-time employees (adjusted): $51,656
  • Share of full-time workforce which are seniors: 4.6%
  • Share of inhabitants which are seniors: 20.6%

5. San Diego-Carlsbad, CA

San Diego, California
Dancestrokes / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $65,133
  • Median annual wage for full-time seniors (precise): $75,000
  • Median annual wage for all full-time employees (adjusted): $52,106
  • Share of full-time workforce which are seniors: 3.9%
  • Share of inhabitants which are seniors: 14.9%

4. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Philadelphia, Pennsylvania
f11photo / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $65,518
  • Median annual wage for full-time seniors (precise): $65,000
  • Median annual wage for all full-time employees (adjusted): $62,494
  • Share of full-time workforce which are seniors: 5.1%
  • Share of inhabitants which are seniors: 16.8%

3. Boston-Cambridge-Newton, MA-NH

Boston
mandritoiu / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $70,198
  • Median annual wage for full-time seniors (precise): $77,000
  • Median annual wage for all full-time employees (adjusted): $68,375
  • Share of full-time workforce which are seniors: 4.8%
  • Share of inhabitants which are seniors: 16.5%

2. Hartford-West Hartford-East Hartford, CT

Hartford, Connecticut
Sean Pavone / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $70,788
  • Median annual wage for full-time seniors (precise): $72,000
  • Median annual wage for all full-time employees (adjusted): $63,906
  • Share of full-time workforce which are seniors: 4.9%
  • Share of inhabitants which are seniors: 18.3%

1. Washington-Arlington-Alexandria, DC-VA-MD-WV

Arlington, Virginia
Sean Pavone / Shutterstock.com
  • Median annual wage for full-time seniors (adjusted): $73,649
  • Median annual wage for full-time seniors (precise): $82,000
  • Median annual wage for all full-time employees (adjusted): $70,056
  • Share of full-time workforce which are seniors: 4.8%
  • Share of inhabitants which are seniors: 13.9%

Methodology

Man analyzing data on a laptop
fizkes / Shutterstock.com

The information used on this evaluation is from the U.S. Census Bureau’s 2021 American Community Survey.

To find out the best-paying places for working seniors, researchers at Smartest Greenback calculated the cost-of-living adjusted median annual wage for seniors working full-time.

Within the occasion of a tie, the placement with the better unadjusted median annual wage for seniors working full-time was ranked larger. For the needs of this evaluation, seniors have been thought-about to be ages 65 and older.

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