These towns have the richest retirees in America

Senior citizens in these US locales are enjoying their sunset years — and with plenty of savings to spare.

While millions of low-income workers approach what could be their age of retirement with empty bank accounts, older folks in these communities can count themselves among the nation’s richest retirees.

According to a new report from personal finance publication GoBankingRates, the wealthiest retirement town in America is Rancho Palos Verdes, California, a coastal city south of Los Angeles with an approximate population of 41,000. There, more than 26% are over 65 — so, just under 11,000 seniors — with a median household income of a whopping $166,747, according to GoBankingRates’ findings.

The study analyzed towns with a population above 15,000 residents, with those older than age 65 representing at least 25% of the total. The study then looked into each place’s median household income to find the richest spots.

In second place was the Chicago suburb of Highland Park, where 25.3% of the area’s 30,200-some residents are over 65 and the median income is $159,567. In third place was Bainbridge Island, a 24,681-person city in Washington State, where slightly more than 27% of locals are 65-plus and the median income is $151,290.

The top five also include East Honolulu, Hawaii and even Melville, New York — located clear across the American mainland on Long Island. Those locations had a household income north of $145,000, with those over 65 making up at least 27% of the total population.

Although America’s top three richest towns span the country, when viewed more widely, retirement wealth is significantly concentrated in some particular states, namely California and Florida. And given longtime migration patterns of retirees from colder parts of the country in search of sun, perhaps this isn’t a total shock.

California takes the gold in that regard, with five of its cities (Rancho Palos Verdes, Laguna Beach, Walnut Creek, Cerritos and Novato) ranking in the top 20 richest retirement town list. The Golden State is followed closely by Florida, where four cities (Naples, Palm Valley, Lakewood Ranch and Palm City) ranked.

Affluent Naples, Florida in particular is also notable for having the largest percentage of over-65 residents on the list, with a majority of its population — some 55% — above that minimum age.

“You have good weather. It’s warm, it’s sunny. During the hot, humid months, you can turn on the AC, so you have that. But then also, Florida is generally considered a lower cost-of-living state when compared to some other states,” consumer advocate and spokesperson for the online moving services marketplace HireAHelper Miranda Marquit said recently, The Post previously reported.

“You don’t have to worry about an income tax. So, your retirement income is not going to be taxed while you’re in retirement. And then the other thing is that Florida is usually seen as one of the states with a lower property tax … even though you’re paying property taxes there, it’s usually lower.”