While it seems like the pandemic is nearing an end with most adults in the United States in line to be vaccinated by May, a lot of people are making long-term life decisions. The decision to retire, to move to another state, to move out of the country, to go back to school, etc. are all on the minds of individuals ready to restart. Of these initiatives, one of the most surprising things economists have noticed is the propensity for older individuals to retire and move.
So, where are retirees planning to move?
At the top of the list sits the gulf community of Sarasota, Florida. Known for its beachfront condos and high rise waterfront properties, Sarasota is a destination for luxury retirement. Not only will you be front and center of the beautiful beach, you’ll also be in close proximity to shopping, dining and Florida’s wonderful weather.
The average prices in Sarasota start at $750,000, so it’s definitely the spot for a luxury retiree.
If you’ve lived in the south for your entire life, you might welcome a breath of fresh air in Seattle, Washington. Although it’s known for a bustling tech economy, many retirees are finding a new home along the Puget Sound. Like Sarasota, Seattle can be expensive, but it presents a lot of opportunity for anyone looking to move here. You’ll have fishing at your fingertips, a number of nature trails, shopping, dining and more.
The average price in Seattle starts at $800,000, however, you’ll find much more square footage in properties here.
Saratoga Springs, Utah
While it may seem like an unlikely destination for retirees, Utah has become home to many individuals from places like California and Texas. Utah offers its 55+ retirees a bit more of a relaxed lifestyle with easy access to hiking, biking, trails and gorgeous sites to see. Residents of a Saratoga Springs active adult community will be in close locality to Salt Lake City (the capital) with just a short drive to Moab and beautiful national parks.
Average prices of homes in Saratoga Springs are $550,000. All things considered, it’s not a bad price to pay to enjoy your retirement.
On state north of Utah is Wyoming. As a premier destination for skiing and horseback riding, Jackson is one of the top places in the country for people to move to after they retire. Living in Jackson put its residents in a beautiful spot with relatively short drives to Idaho, Montana and Colorado. If you enjoy skiing or any winter sights and sounds, Wyoming should be at the top of your list.
The average cost of a home in Jackson is $450,000. However, the cost of living in Wyoming is much more friendly compared to other locations.
Tellico Lake, Tennessee
Hey, you’re the only “Ten I See!” is what residents of this retirement community say. Located directly on a lake with a beautiful backdrop only Tennessee can offer, this 55+ community is ideal for those who want to be near a big city like Knoxville, but enjoy a quiet country lifestyle.
Because it’s such a new development, it’s best to contact a Tellico Lake real estate agent to find the best prices in this community.
If retirement is on your mind and you’re considering moving out of state, consider what you want out of retirement and decide if any of these locations fit your needs. Most importantly, enjoy your retirement – you’ve worked hard your entire life, take a break and enjoy the fresh air from now on.