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Editor’s Observe: This story initially appeared on Smartest Greenback.

As a result of most seniors are inactive and dwelling on fastened incomes or retirement financial savings, the quickly rising value of dwelling has put a financial pressure on older households.

Past inflation, nevertheless, seniors want more cash than ever to stay comfortably in retirement. The life expectancy of a 65-year-old within the US has elevated by greater than 4 years since 1970.

Seniors additionally face better well being issues than the remainder of the inhabitants, which comes at a high value. The Facilities for Medicare and Medicaid Companies estimate that per capita well being care spending for seniors is sort of 3 times that for the working-age inhabitants.

Given these circumstances, older People are staying within the workforce longer.

To find out the highest-paying areas for working seniors, Smartest Greenback researchers calculated the cost-of-living-adjusted median annual wage for full-time working seniors. The info used on this evaluation comes from the US Census Bureau.

For the needs of this evaluation, seniors aged 65 and older have been thought of. Particulars of our methodology are on the finish.

Listed here are the very best paying US metro areas for working seniors.

15. Oklahoma Metropolis, okay

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• 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 workers (adjusted): $50,669
• Proportion of full-time workers who’re seniors: 3.8%
• Proportion of seniors within the inhabitants: 14.8%

14. Cincinnati, OH-KY-IN

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• 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 workers (adjusted): $58,298
• Proportion of full-time workers who’re seniors: 3.8%
• Proportion of seniors within the inhabitants: 15.8%

13. San Francisco-Oakland-Hayward, CA

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• 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 workers (adjusted): $71,767
• Proportion of full-time workers who’re seniors: 4.4%
• Proportion of seniors within the inhabitants: 16.7%

12. Baltimore-Columbia-Towson, MD

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• 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 workers (adjusted): $61,898
• Proportion of full-time workers who’re seniors: 5.2%
• Proportion of seniors within the inhabitants: 16.2%

11. Windfall-Warwick, RI-MA

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• 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 workers (adjusted): $59,289
• Proportion of full-time workers who’re seniors: 5.1%
• Proportion of seniors within the inhabitants: 18.1%

10. Milwaukee-Waukesha-West Allis, WI

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• 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 workers (adjusted): $57,523
• Proportion of full-time workers who’re seniors: 3.4%
• Proportion of seniors within the inhabitants: 16.7%

9. Nashville-Davidson-Murfreesboro-Franklin, TN

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• 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 workers (adjusted): $52,339
• Proportion of full-time workers who’re seniors: 4.0%
• Proportion of seniors within the inhabitants: 14.3%

8. Buffalo-Cheektowaga-Niagara Falls, NY

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 workers (adjusted): $56,775
• Proportion of full-time workers who’re seniors: 4.1%
• Proportion of seniors within the inhabitants: 19.0%

7. San Jose-Sunnyvale-Santa Clara, CA

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• 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 workers (adjusted): $89,570
• Proportion of full-time workers who’re seniors: 4.1%
• Proportion of seniors within the inhabitants: 14.5%

6. Tucson, Arizona

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• 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 workers (adjusted): $51,656
• Proportion of full-time workers who’re seniors: 4.6%
• Proportion of seniors within the inhabitants: 20.6%

5. San Diego-Carlsbad, CA

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• 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 workers (adjusted): $52,106
• Proportion of full-time workers who’re seniors: 3.9%
• Proportion of seniors within the inhabitants: 14.9%

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

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 workers (adjusted): $62,494
• Proportion of full-time workers who’re seniors: 5.1%
• Proportion of seniors within the inhabitants: 16.8%

3. Boston-Cambridge-Newton, MA-NH

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• 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 workers (adjusted): $68,375
• Proportion of full-time workers who’re seniors: 4.8%
• Proportion of seniors within the inhabitants: 16.5%

2. Hartford-West Hartford-East Hartford, CT

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• 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 workers (adjusted): $63,906
• Proportion of full-time workers who’re seniors: 4.9%
• Proportion of seniors within the inhabitants: 18.3%

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

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• 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 workers (adjusted): $70,056
• Proportion of full-time workers who’re seniors: 4.8%
• Proportion of seniors within the inhabitants: 13.9%

methodology

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The info used on this evaluation is from the US Census Bureau’s 2021 American Neighborhood Survey.

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

Within the occasion of a tie, the placement with the higher unadjusted median annual wage for full-time seniors was ranked higher. For the needs of this evaluation, individuals aged 65 and over have been thought of seniors.