Golden Gigs: Washington Retiree Side Hustles Earn How Much?

Picture yourself retired. Are you tending to your backyard gardens? Are you traveling? How about spending more time with your family?

"The retiree side hustle trend is a testament to the evolving landscape of retirement. It's no longer just about leisure; it's often driven by the need for financial security and a desire for purpose and fulfillment…” - Matt Paulson, Founder of MarketBeat.com

How about a side hustle after saying "goodbye" to your day job?

You would join over a quarter of all retirees with side hustles to maintain a vital sense of purpose and fulfillment.

According to a recent study by MarketBeat.com, American retirees earn an average of $379 monthly. 

Average side gig earnings vary from state to state. 

Retirees in Utah lead the way, earning $825 per month, while those in North Dakota earn the least with $100 a month from their side hustles.

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Top 5 States by Earnings per Retiree

• Utah - $825 per month
• Wyoming - $550 per month
• Colorado - $513 per month
• California - $476 per month
• Indiana - $460 per month

Bottom 5 States by Earnings per Retiree

• North Dakota - $100 per month
• West Virginia - $164 per month
• Alaska - $200 per month
• Rhode Island - $236 per month
• Maine - $250 per month

How much do Washington retirees earn with side hustles? 

Market Beat found that WA’s retirees earn a monthly average of $293.

Reasons why retirees pursue their side hustles:

• Supplement retirement income: 47%
• Stay mentally engaged and active: 34%
• Pursue a passion or hobby: 10%
• Meet new people and build social connections: 9%

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What are the more popular types of retiree side hustles?

* Their own/unique small business - 32%

* Crafting and selling homemade goods - 30%

* Trading or investing - 22%

* Freelancing - 15%

On average, how much time per week do retiree spend on their side hustle?

Not as much as you'd think. Retirees average 10 hours and 24 minutes per week on their side hustles.

If you love your job (or side hustle), is it really considered work?

76% of retirees say their side hustles bring them happiness. An additional 19% are so taken by the side hustles that they consider turning them into full-time businesses.