Where Are Baby Boomers Moving?
December 23, 2014
A recent study by the National Association of Realtors looked at the top metro areas for Baby Boomer relocation. The metropolitan areas that are currently seeing the largest increases in Baby Boomer population are places with low cost of living and sunnier weather, which may come as a surprise to no one.
While some Boomers may be getting to retirement age, many of them are still working and plan to for quite a while. The study revealed that the percentage of Boomers working after the age of 65 has gone up in recent years. Here’s a few cities that are seeing some Boomer love.
Boise, Idaho. With a cost of living index at 97.2 and a median home price at just over $177k, Boise is attracting its fair share of budget-conscious Boomers. And while it may not be the warmest of all metropolitan options- the low temperature average in the winters sometimes lingers around 0 degrees- Boise sees four beautiful seasons and is surrounded by national forests.
Fort Myers, FL. It’s no surprise that Florida is a prime destination for retirees. Plenty of jokes have been made about it on television shows like “Seinfeld,” but the truth is that Florida is pretty mild year-round. And who doesn’t like that? The cost of living and median home price are similarly low to Boise, and Fort Myers has an international airport. What’s there not to like?
Denver, CO. Denver isn’t the cheapest place to live, but it’s still been seeing a rise in Boomer migration. Because it is somewhat of a crossroads for many of the mountain and western states, Denver’s economy is strong with plenty of job opportunity.
Looking to make a move to the city in the near future? Don’t forget to enlist our moving help. Call today for a free relocation quote at (888)-251-0892.
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