Ready to Retire in Virginia

A recent report by Market Watch has ranked Virginia as the 5th most desirable state in which to grow old. Here's what they had to say:

Median household income (65+): $44,440 (5th highest) 
Percent with a disability (65+): 33.9% (9th lowest) 
Percent with a bachelor’s degree or higher (65+): 28.0% (12th highest) 
Violent crime rate: 187.9 per 100,000 residents (3rd lowest) 


Older Virginians have far better income security than most elderly Americans. While less than 48% of Americans 65 and older had retirement income to supplement social security benefits in 2013, more than 54% of elderly Virginians had such an income, the fifth highest rate nationwide. State households with at least one elderly member had a median income of $44,440 in 2013, also among the highest incomes in the age group reviewed. As a result, Virginians are much less likely to live in poverty and suffer from food insecurity late in life. Less than 4% of Virginia’s elderly population had inadequate access to nutritious and affordable food, the lowest percentage nationwide, and just 7.4% lived in poverty, versus the comparable national figure of nearly 10%. In case you are wondering, Utah was number 1 and Mississippi was in last place.