10 Great Places to Live and Retire

by Allie Brito January 19, 2017

10 Great Places to Live and Retire

 

Just as every person is different, each city in America has its own personality and offers something different to the people that call it home. When you’ve decided that it’s time to retire, you may be considering a move. Whether it’s a warmer climate, or a slower paced community you’re looking for, some cities are better than others at accommodating the needs of an aging population.

If you’re one of the 10,000 people a day that retires, and looking for a new home, you’ll want to know what each location offers beyond just a swanky golf course and warmer temperatures right? That is why we’ve done the research for you, compiling a list of the top 10 best cities to live and retire based on the following resources: money.usnews.com, aarp.org, and bankrate.com. This list should at least help you get a good idea of what’s out there and where other retirees are heading! Keep in mind, this list of cities is in no particular order.

  1. Boise, Idaho

Idaho’s state capital is an affordable option for retirees with plenty of affordable housing, costing retirees with a paid-off home a median of just $351 per month- what a steal! What’s more, if you enjoy an active lifestyle, this is the city for you. With biking trails and great skiing, there are tons of ways to enjoy the gorgeous scenery of this city and state.

Source where listed: money.usnews.com

  1. Cape Coral, Florida

What can you expect from sunny Cape Coral, Florida? Lots of sun and sand. With over 400 miles of canals and access to the Gulf of Mexico and the Caloosahatchee River, there is no end to the water-related fun that you can have in this popular retirement destination. You can spend your days fishing, walking, boating, and all without spending a fortune. Median homeownership costs for those 65 and older are $1,251 for a mortgage and $558 for rent.

Source where listed: money.usnews.com, bankrate.com 

  1. Grand Rapids, Michigan

Of course, we may be biased, but when you find a city on multiple sources, you can’t help but share it! Grand Rapids, known for its impressive art scene has plenty to offer for the creative retiree: Frederik Meijer Gardens & Sculpture Park, The Grand Rapids Art Museum, and the Urban Institute for Contemporary Arts. With Lake Michigan not far, you can also enjoy the beautiful Michigan summers and the many outdoor recreational opportunities the state has to offer. Median homeownership costs for a mortgage is $1,113 and $726 per month for rent for seniors who want to live in Grand Rapids. 

Source where listed: money.usnews.com, aarp.org

  1. Louisville, Kentucky

Louisville has a great combination of history and culture, as well as a plethora of good eats! This affordable city has great baseball, museums, and restaurants that won’t break the bank. Median mortgage payment in this city is just $489 a month! 

Source where listed: aarp.org

  1. Scottsdale, Arizona

For many retirees who have worked and lived in the Midwest or East Coast, the warm climate and sunny skies of Scottsdale, Arizona are exactly what they are looking for. If you love the heat of the Southwestern desert, enjoy a game of golf, and aren’t afraid to go for a guided hike, this is the place for you. According to the National Association of Realtors, the median price of a home in the metro area in 2016 was $223,100. 

Source where listed: bankrate.com

  1. Pueblo, Colorado

With a moderate climate and a thriving culture, the state of Colorado is increasingly becoming a destination for retirees across the country. Skiing isn’t far, but staying in town offers sun and lots to do from sporting evens like baseball games, HARP (Historic Arkansas River Project), archaeological treasures, and an impressive library! The HARP River walk is a favorite amongst locals. Median mortgage payments are just $392!

Source where listed: aarp.org

  1. Richmond and Arlington, Virginia

Northern Virginia can be a little pricey, but travel south of the state and you’ll find Richmond. Median retiree homeowner payments are $1,282 per month with mortgage, and $465 for those who have paid off their homes. Rent is around $905. Arlington, Virginia offers you a big city, with a small-town feel. It is an extremely walkable area and close to D.C.- lots of opportunity for the history buff!

Source where listed: money.usnews.com, bankrate.com 

  1. Sarasota, Florida

While you can find plenty of golf in this city, culture-loving seniors also find plenty to do. Theater, opera, and the Ringling Museum as well as various art museums and gardens will keep you busy and proud to be a resident of this southwestern city. Live on the coast, or inland depending on your budget.

Source where listed: bankrate.com

  1. Glendale, California

Maybe not for the penny pinching retiring, this Western “Jewel City” has attracted the nature-loving senior. The Glendale Mountains are more than 5,000 acres of natural open space, offering roads and trails enjoyed by both city dwellers and out of towners. As far as climate goes, you can’t beat southern California. Cost of living is definitely a consideration when you are looking at any city in this region, but if you have the money to spend, take a trip to Glendale and check it out yourself.

Source where listed: bankrate.com

  1. Sherman/Denison, Texas

With a median home price $79,400 this southern city is a wonderful place for someone looking for warmth and affordability with the added plus of great barbeque! The Hagerman National Wildlife Refuge also offers a free but unforgettable experience hosting over 300 species of birds, 36 species of mammals, and 60 species of reptiles and amphibians! This region is host to some of the most affordable and stable neighborhoods in the country.

Source where listed: aarp.org

 

No city is perfect. So as you search for your ideal retirement spot, we suggest making a list of must-haves and deal-breakers. Make yourself a budget and stick to it. This will help provide you with some general guidelines as you do your research and visit your potential new home. This is an exciting new chapter in your life, so take control of it and enjoy the ride!

 

 




Allie Brito
Allie Brito

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