The Department of Veterans Affairs says there are 19 million veterans in the United States. These include a few who served in World War II, which ended in 1945, and a large number who leave the military each year today. Those who have served get a modest set of benefits when they retire, including access to VA hospitals, pension and disability compensation, home loans and education programs.
The human toll of American military conflicts extends far beyond those killed or missing in action. About 30% of veterans nationwide have a disability, and about 41% of Americans who have served since Sept. 11, 2001, have a disability connected with their service. These typically include missing limbs, burns, spinal cord injuries, post-traumatic stress disorder, hearing loss and traumatic brain injuries.
Using data from the U.S. Census Bureau, 24/7 Wall St. identified the state with the most veterans. Nationwide, veterans account for 6.9% of the adult population. Depending on the state, veterans make up anywhere from less than 5% of that population to over 10%.
While there are some exceptions, many states that are home to a high concentration of veterans are also home to major military bases and many active-duty troops.
To determine the state with the most veterans, 24/7 Wall St. reviewed data on veteran status from the Census Bureau’s 2019 American Community Survey (ACS). States were ranked based on the number of veterans as a percentage of the 18 and older population. Supplemental data on veteran median income, disability status and labor force participation rates, as well as the percentage of veterans that fought in each major U.S, war, also came from the ACS.
The state with the most veterans is Alaska. Here are the details:
Veteran population: 10.7% of adults (57,225 total)
Post Sept. 11, 2001-era veterans: 35.0% of vets (the highest, 20,032 total)
Gulf War-era veterans, 1990-2001: 33.8% of vets (second highest, 19,323 total)
Vietnam War-era veterans: 30.2% of vets (third lowest, 17,267 total)
Korean War veterans: 2.7% of vets (the lowest, 1,545 total)
World War II veterans: 1.0% of vets (second lowest, 568 total)
Veteran population with a disability: 24.1% (third lowest)
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.