seniors at work
Austin toils on list of U.S. cities with most seniors still working
Austin is home to some of the most industrious senior citizens in the U.S., with nearly a quarter of the Texas Capital's seniors still clocking in for work every day, according to an analysis by business guide website LLC.org. That puts Austin at No. 8 in a ranking it may not want to top.
Out of a total of 105,467 seniors (aged 65 and older) in the city, more than 26,000 are still employed, or 24.9 percent of Austin's senior population. The median income of a senior household in Austin is $67,993.
The site examined the percentage of seniors who were actively employed within the last 12 months, according to the U.S. Census Bureau's 2022 American Community Survey (the most recent data). Statistics were studied in the 170 most populous cities in the U.S.
Furthermore, the rate of employed seniors in Austin grew substantially in a year-over-year comparison from 2021 to 2022. More than 23,000 seniors were employed in Austin in 2021, which shows a 13.8 percent growth rate to the current total of 26,276 employed seniors.
Austin previously ranked No. 12 in a similar 2023 employment study by business website ChamberofCommerce.org. At the time, 25,417 seniors in Austin were still actively employed, or 27.1 percent of the city's entire senior population.
The U.S. city with the highest rate of working seniors is Irving, located between Dallas and Fort Worth. More than 6,800 seniors are still employed in Irving, or 29.3 percent of the the city's entire senior population, making a median household income of $58,965.
Plano was not far behind Irving, coming in at No. 3 on this list. More than 11,400 seniors in Plano are still working out of a total 41,479, or 27.6 percent of the senior population. However, Plano seniors are better paid: The median income of a senior household in Plano is much higher than Irving's, at $71,118 annually.
Irving, Plano, and Austin landed in the top 10 with the greatest number of employed seniors in the country.LLC.org
Seniors opting to work past retirement age is a trend that has continued to grow throughout the last several years. The report reminds seniors that the longer they can postpone retiring, the better.
"Even though most Americans can start receiving Social Security retirement benefits as early as age 62, benefits will increase the longer you continue to work, according to the Social Security Administration," the report said. "Also, consider whether you want to work full-time or part-time... For those looking to increase their retirement savings, working full time might be a better option."
For Central Texas seniors who do want to put up their work boots for good, they'd be better off moving to San Antonio, which had the second highest influx of retirees out of all major U.S. cities in 2022. But for seniors who would prefer a quieter retirement era, seven small towns – like Georgetown, Fredericksburg, and New Braunfels – were recently designated the best places to retire in the Texas Hill Country in 2024.
The top 10 U.S. cities with the most working seniors are:
- No. 1 – Irving, Texas
- No. 2 – Salt Lake City, Utah
- No. 3 – Plano, Texas
- No. 4 – Fort Lauderdale, Florida
- No. 5 – Irvine, California
- No. 6 – Lexington, Kentucky
- No. 7 – Nashville, Tennessee
- No. 8 – Austin, Texas
- No. 9 – Hollywood, Florida
- No. 10 – Washington, D.C.
The full report can be found on llc.org.