When Americans think about where to retire, they might think of Florida and a June GOBanking Rates fastest growing research retirement Hot spots across America show that.
Four of the top 10 retirement hot spots ranked in this study are in Florida. The Sunshine State also occupies 12 spots on the top 50 list.
To determine the rankings, GOBankingRates looked at every city in the United States that met the following criteria: at least 7,500 people age 65 and older living in the area by 2022 and a population age 65 and older that is 16.5% higher than the national average.
All data used in the study was sourced from the 2022, 2021 and 2017 American Community Surveys conducted by the U.S. Census Bureau.
#1 retirement destination in America: Goodyear, Arizona.
Goodyear, Arizona, is the fastest growing retirement town in the United States. Research shows that Goodyear has:
- Five-year percentage increase in retirement-age population of people aged 65 and over: 61%
- Percentage increase in 1 year of population over 65 years old: 11%
- Percentage of population aged 65 and over in 2022: 18%
Goodyear, Arizona
Mattgush | Istock | beautiful images
Goodyear is a suburb of Phoenix, located about 20 miles from downtown.
The cost of living in Goodyear is 13% higher than the national average, according to PayScale. Housing costs are 57% higher than the national average, while utility prices are 3% higher.
Transportation costs such as bus fares and gas prices are 7% higher than the national average.
The Goodyear median home value was $485,052, up 2.6% over the past year. This is one of the fastest growing cities in the country, according to United States Census Bureau.
The city is named after the Goodyear Tire and Rubber Company, according to website. Goodyear has more than 300 days of sunshine and is also the spring training and player development site of Major League Baseball’s Cleveland Guardians and Cincinnati Reds.
Top 10 retirement hot spots in America
- Goodyear, Arizona
- Dat Duong, Texas
- Clermont, Fla
- El Dorado Hills, California
- North Port, Fla
- Gallatin, Tennessee
- Fort Myers, Fla
- Peoria, Arizona
- Longmont, Colo.
- Vero Beach South, Fla
According to GoBankingRates, Sugar Land, Texas, is the second fastest growing retirement destination in the United States.
Research shows that Sugar Land has:
- Five-year percentage increase in retirement age for those 65 and older: 58%
- Population growth rate over 65 years old in 1 year: 9%
- Percentage of population aged 65 and over in 2022: 18%
Dirt Road, Texas
Trongnguyen | Istock | Getty Images
Sugar Land is part of the Houston-The Woodlands-Sugar Land metropolitan area and is located approximately 29 miles from downtown Houston.
According to statistics, the cost of living in Sugar Land is 21% higher than the national average. Wage. The city’s housing costs are 58% higher than the national average, while utility prices are 1% lower.
Transportation costs such as bus fares and gas prices are also 12% lower than the national average.
The Median Home Value in Sugar Land was $454,245, up 4.9% year-over-year.
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