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That’s because some of the worst cites for retirees are in warm weather states like Florida and Arizona, according to a new report. The study comes as more than 75 million baby boomers are either.
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Baby boomers, many now in retirement, are moving to Florida and Arizona, which claimed eight of their top 10 metro destinations; Gen Xers are relocating to Texas, where five of their top 10 metro.
Lawrence Yun, NAR chief economist, says Florida and Arizona cities attract many baby boomers. In addition, the share of men and women working after their 65th birthday has increased, setting the stage for elevated baby boomer buying activity in metro areas with a dynamic local economy, adequate housing supply and a lower cost of living.
Today’s senior population, now engulfing more of the baby boomer generation than before the recession, are more selective in their destinations, heavily located in Arizona and Florida.
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Baby boomers are planning to retire at an earlier age. Alternatively, some consumers seek warmer climates such as those found in Arizona and Florida with 38% of boomers wanting to move to a.
Three Florida metros are among the top 10 markets likely to see an influx of baby boomer home buyers, the National Association of Realtors predicts. Tampa Bay didn’t make the top cut, but it isn’t.
Between 2012 and 2017, the number of baby boomers in the region, those aged 52 to 70. Cops and firefighters have clustered.
Florida for Boomers covers everything baby boomers need to know about Florida retirement. Join thousands of baby boomers who have discovered the easy way to learn all you need to know about moving to Florida.. Arizona for Boomers Arizona Retirement and Travel Newsletter.
A couple of new rankings show Arizona, and particularly several Valley cities, are the most popular for Baby Boomers to move to after they stop working full time. Arizona ranked second behind Florida for drawing the most people over 60, according to personal finance firm Smartasset.
The latter group included florida retirement magnets and also mostly older industrial areas of the. not yet reflect the experiences of the baby boomers. lowed closely by utah and Arizona. in.