Baby boomers, people born between 1946 and 1964, are retiring at a record pace. In fact, according to AARP, about 10,000 people retire every day in this age demographic, while one in six Americans is now over the age of 65, according to U.S. Census data. I am. And many of them are moving to new places to spend their golden years. Year. While it’s true that Florida remains a popular destination and Tampa was recently named America’s best destination to retire, baby boomers are breaking new ground in cities across the country. It seems that.
Austin’s retiree population doubled between 2010 and 2020, according to a new Moody’s Analytics report published on MarketWatch. Raleigh-Durham, NC. Atlanta; Houston. Charleston. Jacksonville, Florida. Dallas; Colorado Springs, Colorado; All suburbs of Washington DC experienced significant increases in the number of people aged 65 and over over the same period.
“It was interesting to see how geographically dispersed the list was,” Nick Luedtke, an associate economist at Moody’s Analytics, told MarketWatch. “This growth has spread to different regions of the country outside of traditional retirement residences.”
However, the researchers found that more traditional retirement spots didn’t experience huge population growth all at once like the cities mentioned above, but because they were already popular and had a constant influx of retirees. , pointed out that there is a high possibility that it is not on the list.
So what do these cities have that other cities don’t?
“These metropolitan areas offer more senior living options, better medical support and larger senior communities, which are positive factors driving growth in this sector.” said the researchers. “Competitive rents in many of the markets mentioned above are also a big draw for our senior community.”
Still, while these locations may be attracting slightly more retirees than before, Florida still reigns supreme, according to U.S. Census Bureau survey data. As reported by AARP, census data shows Florida remains the most popular retirement destination, with approximately 78,000 people expected to move to retirement in 2021, according to research from SmartAsset. Many retirees have moved to Florida. But there’s still nothing wrong with bucking the trend and trying new places. , right? And if you’re ready to take the next step, you can always consider retiring to Europe.