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Household income projected to rise the fastest in Oklahoma in aging US

The U.S.' population is on target to hit 337.4 million in2022, with the oldest demographic making up an increased percentage of thetotal, according to Nielsen's latest demographic projections.

Nielsen projects the U.S. population in 2017 will be 325.1million.

Texas' population is projected to increase by 7.5% between2017 and 2022, the largest increase of any state. By 2022, 30.3 million peopleare expected to call the Lone Star State home. West Virginia is the only statewhere Nielsen projects population to decline between 2017 and 2022 — down 0.3%.

The median household income in the U.S. is expected to hit$61,642 in 2022, up from $57,462 in 2017. Oklahoma's median household income isprojected to rise by 10.6% to $55,767 between 2017 and 2022, the largestpercentage increase of any state. Alaska is projected to post the nation'shighest median household income in 2022 at $83,257, while Mississippi isprojected to have the lowest median income at $44,328.

By 2022, 17.5% of Americans will be 65 years old and over,up from 15.5% in 2017.

The average age in the U.S. will be approximately 39 in2017, with Utah the youngest state in the country with an average age of 34,and Maine the oldest state with an average age of 43. In Utah, 56% of thestate's population is projected to be below the age of 34 next year, comparedto Maine, where over 60% of the population will be above that mark.

Nielsen's demographicprojections are based on the 2010 U.S. Census.

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Click here to access demographic data for U.S. markets.

Click here to generate market share reports along with demographic data for U.S. markets.

To access demographic data combined with bank branch information, visit the U.S. Market Demographics section under the Market Analysis part of a company's briefing book page on the SNL website or in SNLxl.