FirstLight Franchise Blog

The Best Places To Retire

Where are the most desirable places for senior living? The answers can be very subjective, depending on exactly what you are looking for. As the cold weather sets in across many cities in the United States, it depends if weather, safety, cost of living, transportation and housing prices is most important to you.

And then there’s the money factor. If money were no option, the list might look much different. Hawaii might be at the top of the list, but with the average price of a home being $550,000, it’s out of most of our price ranges!

Will you need to work? Then you’ll have to consider places where the economy is growing and the unemployment rate is lower. Do you want to be near your grandchildren? What are the healthcare facilities like? Deciding where you want to retire takes a lot of forethought and planning.

Money Is The Primary Factor

According to US News, the top ten places to retire of you want to live on $40,000 or less include:
1. Albuquerque, NM
2. Augusta, GA
3. Columbia, SC
4. Jackson, Mississippi
5. Knoxville, TN
6. Little Rock, Arkansas
7. Louisville, KY
8. Pittsburgh, PA
9. St Louis, Missouri
10. San Antonio, TX

If you are trying to live on Social Security alone (which is approximately $1,179/person) as a couple, the top ten places for seniors to retire include:
1. Auburn, AL
2. Blacksburg, VA
3. Boone, NC
4. Cheney, Washington
5. Mount Pleasant, Michigan
6. Murray, Kentucky
7. State College, PA
8. Sunland Park, NM
9. Syracuse, NY
10. West Lafayette, IN

Milken Institute Study
A study by the Milken Institute ranked 359 large and small metro areas for a number of factors that can lead to “successful aging”. They divided their list for seniors 65 to 79 and age 80 and up. Their list of the top places for seniors to retire includes:

Large Metro Areas for Seniors Ages 65 – 79
1. Provo, UT
2. Madison, WI
3. Omaha, NE
4. Boston, MA
5. New York, NY
Small Metro for Seniors Ages 65 – 79:
1. Sioux Falls, SD
2. Iowa City, IA
3. Bismarck, ND
4. Columbia, MO
5. Rochester, MN

The pictures changes dramatically when the priorities become cost of living, access to geriatric healthcare and number of assisted living communities.

Large Metro Areas for Seniors 80+:
1. Boston-Cambridge-Quincy, MA-NH
2. New York-Northern New Jersey-Long Island, NY-NJ-PA
3. Omaha-Council Bluffs, NE-IA
4. Madison, WI
5. San Francisco-Oakland-Fremont, CA
Small Metro Areas For Seniors 80+:
1. Iowa City, IA
2. Sioux Falls, SD
3. Bismarck, ND
4. Rochester, MN
5. Columbia, MO

If you’d like to combine business with a great place to retire, FirstLight Home Care has many franchise opportunities throughout the United States. Many of our owners open locations with their own retirement in mind. For instance, we have franchise locations in Alabama, California, Tennessee and Michigan, all which appear on lists for desirable places for seniors to live.