Top 10 Richest Retirement Towns in America for 2024

Some Americans choose to retire without a budget, while others prioritize financial stability. These retirees willingly settle in places with a median income of six figures.

To determine the richest retirement communities in America, GOBankingRates examined all U.S. cities with a population above 15,000 and a 65-plus population of more than 25%. GOBankingRates isolated 131 communities and calculated their median household income to find the 20 “richest.”

Here are the top ten richest retirement towns in America.

1. Rancho Palos Verdes, CA.

Rancho Palos Verdes has the highest median household income, at $166,747. Residents 65 and above account for 26.2% of the total population of 41,805. Just under 11,000 seniors live here, which is the sixth-highest number of any area in the entire ranking.

2. Highland Park, Illinois.

Highland Park has 30,209 residents with a median household income of $159,567. 25.3% of the area’s population is above the age of 65.

3. Bainbridge Island, Washington.

Bainbridge Island has slightly more than 27% of its population over the age of 65. The overall population is 24,681 with a median household income of $151,290.

4. East Honolulu, Hawaii.

Wealthy retirees seeking the aloha way of life move to East Honolulu. The typical household income is $151,224, while persons over the age of 65 account for 27.4% of the area’s roughly 50,000 residents. With 13,577 residents aged 65 and more, East Honolulu has the second-highest number of senior citizens in this ranking.

5) Melville, New York

This Long Island hamlet’s typical household income is $146,302. The overall population is 18,526, with residents aged 65 and up accounting for 27.8%. It has the smallest population in the entire ranking.

6. Laguna Beach, California.

Laguna Beach has a total population of 22,943, with 28.2% of its citizens aged 65 and more. The median household income here is $141,875.

7. Paramus, NJ

Paramus’ median salary is $136,824. There are 26,582 people in the area, with 25.7% of them being 65 or older.

8. Naples, Florida.

More than half of Naples’ population (54.6%) is above the age of 65. It has the greatest senior population proportion of any of the areas considered in this ranking. The median income is $135,657. Naples has a population of 19,315, making it the fourth-smallest area in the entire ranking.

9. Walnut Creek, California.

Walnut Creek’s typical household income is $129,971. The largest area on this list, the California city, has a population of 69,809, with 29.3% of the population aged 65 and more. With 20,444 senior residents, it has the most 65-plus population of any location on this list.

10. Cerritos, CA

Cerritos rounds out the top ten, with a median household income of $124,460. Residents over the age of 65 make for 25.5% of the total population, or slightly more than 49,000. Cerritos has the fourth-highest proportion of seniors on this list, with 12,508 people aged 65 and more.

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