Best 5 Ideal Locations to Reside When You Retire

If you’re contemplating relocating to a different area of residence after retirement, you’re not alone. As per a survey done on an aging demographic by research group Merrill Lynch and Wave, over 60% of retirees intend to move or already have.

Regardless of what state you live in, you can choose a completely different area to settle down as long as it accommodates your budget and lifestyle. Financial security in retirement doesn’t just occur once you’ve hit the ideal retirement age. It takes years of planning and commitment.

To make the decision of where you should move less daunting, we’ve curated a list of the 5 best locations where you can begin a new chapter of your life.

1. Palm Springs, California

Palm Springs is a great location in Southern California dotted with popular towns such as Indio, Palm Desert, and La Quinta. The area was made famous thanks to personalities like Frank Sinatra who would frequent Palm Springs for a quick and fun getaway.

Palm Springs Real Estate Market and Cost of Living

The Palm Springs real estate market is highly affordable as compared to other areas in California such as San Francisco and Los Angeles. It has over 50 communities in the area with reasonably priced houses that are suited to cater to the active and social lifestyle that retirees usually look for.

2. Phoenix, Arizona

To say that Arizona does not rank among the top retirement locations would be a facade. The Grand Canyon State is known for its amazing natural scenery and retiree-friendly climate.

Phoenix being the capital of Arizona State, offers plenty of attractions that will keep you occupied. It has an array of cultural festivals, museums, cinemas, and world-class restaurants. There is also plenty of biking and hiking trails within the outskirts of the city.

3. Orlando, Florida

Orlando, Florida, is a great city with a warm climate and plenty to offer. Perhaps more conveniently, the area is home to several retirement communities.

Orlando has an affordable cost of living and has plenty of attractions, the most significant of them all being Disney World. For any senior with grandchildren, this should be a deal maker.

4. Portland, Oregon

Portland has a population of just over 2 million people with a fifth of that demographic aged 60 and above. This makes it a highly attractive location for retirees. It boasts an extensive city park system, with over 200 parks open to the public. This is not including the nature trails and mountain ranges available for exploration.

  1. Santa Maria, California

Santa Maria is a small town located in California’s Central Coast area. It’s particularly known for its vibrant wine industry largely favored by its great weather.

The region’s warm climate also means that shoveling snow is something you might never have to do. It also allows for outdoor activities such as touring wine fields, hiking or camping at almost any time of the year.

Retirement Is the Beginning of a New Adventure

When it comes down to picking your retirement location, there’s a lot you should bear in mind such as the cost of living, the overall weather and climate of the area, the available culinary options, and if there are retirement communities present in the area.

Ultimately, you will have to choose somewhere that accommodates your hobbies and lifestyle. The places listed above should help you find a location where you can spend your golden years in comfort, style, and a tad touch of luxury.

About Retire Early Lifestyle

Billy and Akaisha Kaderli retired three decades ago at the age of 38 and began traveling the world. As recognized retirement experts and internationally published authors on topics of finance and world travel, they have been interviewed about retirement issues by The Wall Street Journal, Kiplinger's Personal Finance Magazine, The Motley Fool Rule Your Retirement newsletter, nationally syndicated radio talk shows and countless newspapers and TV shows nationally and worldwide. They wrote the popular books The Adventurer's Guide to Early Retirement (Your Simple Path to FIRE) and Your Retirement Dream IS Possible.
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