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Where Are Seniors Retiring?

By Michelle Seitzer / Posted on 10 August 2011

BX’s Senior Housing Industry news reports on the fastest growing retirement locales in the country, citing 2010 Census Bureau data as analyzed by the Brookings Institution.

A look at those in the 65 and older population has revealed an increase of over 25 percent in some metropolitan areas – just within the last decade.

Among the heaviest hitters are cities in the southern and western regions, like Raleigh-Cary, North Carolina, and Colorado Springs, Colorado; three cities in Texas (Austin, Dallas, and Houston), are also witnessing rapid growth in the senior cohort.

As per the article, many of these retirees are choosing these locations (whether they transition to a new home, an independent living apartment, or some other retirement community setting) based on where they wrapped up their careers. Says Brookings Institution senior fellow William Frey, “Most of the country is increasing its over-age-45 population simply because people are aging in place.”

As other articles and reports have affirmed, the suburbs are graying, and at a much faster rate than major cities. Currently, 40 percent of suburbia is comprised of the 45+ demographic (in 2000, it was only 34%).

Review the top 10 cities with a 36-60 percent change in the over 65 population here.

Do you plan on aging-in-place, or would you like to relocate in your retirement years?

 

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