In recent years, soon-to-be retirees are opting to retire to sprawling cities that offer a wide range of medical services, amenities and entertainment options. Top retirement cities also create more social opportunities such as community events and larger neighborhoods that are accessible by just walking. Tampa, Florida is ranked by Realtor.com as a top city to retire, thanks to excellent weather and beneficial tax laws in addition to its impressive list of amenities. Below is a brief summary of each city ranked on the list.
1. Tucson, AZ
Tucson, AZ offers budget housing options with a median list price of $290,000, making it one of the most affordable cities to retire. It also offers a range of retirement communities, a vibrant downtown, bike paths, hiking trails, and an award-winning Sun Tran bus system. For entertainment, Tucson, AZ has well over 40 golf courses and is home to one of the country’s top hospitals, Banner-University Medical Center.
2. St. Louis, MO
At $209,000, St. Louis, MO offers the lowest median home price of all the ranked cities. Having ranked 5th on Food & Wine magazine’s list of best food cities to visit in 2019, St. Louis, MO offers a thriving culinary scene in addition to cultural destinations such as the Gateway Arch Museum. While St. Louis, MO ranks high in crime-related statistics, there are many safe neighborhoods that offer secure lifestyles and amenity options.
3. Tampa, FL
Tampa, FL’s combination of sun, beaches and beneficial tax laws have proven popular with retirees. With a median home list price of $352,000, it’s one of the cheaper options on this ranked list. The city itself is filled with unique cultural and recreational activities, and the culinary scene has grown significantly, now offering cuisines from all around the world while also staying close to its roots with classic American diners and fast-food restaurants.
4. Denver, CO
At a median home list price of $490,000, Denver, CO is one of the most expensive cities to retire to. However, it has a diverse community with plenty of outdoor opportunities thanks to 300 days of sunshine, easy access to fishing areas and beautiful hiking trails. It also offers golf courses and world-class pro sports franchises. While the median home list price is fairly high, there are low-maintenance condos and townhomes available for much lower, while offering convenient access to outdoor activities.
5. Atlanta, GA
Atlanta, GA is perfect for seniors that are seeking brand-new condos and townhomes in newly developed areas to retire. These neighborhoods typically see median home list prices of around $390,000, but there are more expensive options for condos and larger homes in affluent neighborhoods.
6. Las Vegas, NV
While Las Vegas, NV is a popular destination for tourists and entertainment, it’s also a relatively inexpensive place to live thanks to median home list prices of $323,000. One of the biggest draws to Las Vegas, NV is the abundance of all-inclusive senior communities within the city. This active adult community is perfect for social interaction and making new friends.
7. Albuquerque, NM
Albuquerque, NM is an easy-going city with a relatively low median home list price of $260,000. The relaxed city is a popular backdrop for retirees with excellent outdoor options for activities such as biking and hiking. It also offers easy access to major hospitals such as the University of New Mexico Hospital and Lovelace Medical Centre. The area boasts many unique bars, music venues, and other cultural destinations.
8. Portland, OR
At a median home list price of $495,000, Portland, OR is the most expensive city to retire to on this list. However, it offers an incredible range of outdoor activities such as walkable neighborhoods, a thriving culinary scene, fantastic public transportation options and plenty of cultural destinations.
9. Sacramento, CA
Sacramento, CA is a relatively quiet city compared to other areas in California, such as San Francisco, but it has recently drawn in many young professionals and retirees alike thanks to the low prices for a home. It remains a popular choice for those that enjoy the arts and exploring different cultures, in addition to the abundance of unique restaurants and property styles.
10. New Orleans, LA
New Orleans, LA is filled with low-maintenance properties such as condos and townhouses with a great amount of green space. This city offers warm weather, a low cost of living and inexpensive public transportation options for seniors. This makes it particularly appealing and the median home list price of $354,000 also makes it an enticing choice.
Marimark Mortgage is based in Tampa, Florida and serves the mortgage needs of homebuyers, homeowners, and investors in Florida, Virginia, and Pennsylvania.
We specialize in conventional home mortgages, FHA, VA, and USDA mortgage options, refinance loans, and reverse mortgages. We’ve worked extensively with cash-out refinancing, and help clients with HARP refinancing to lower their monthly mortgage payments.