Top Places For Retirees to Live in 2016

Welcome to your golden years!

Retiree

You’ve lived a pretty full life so far whether it was filled with a strong career, raising a family, or traveling the world, now it’s time to relax. One of the nicer things about entering into the golden years is the ability to downsize. According to realtor.com, people aged 65 to 74 will make up the third largest home buying population in 2016. Due to this, 10 markets that are expected to thrive for retirees buying in 2016 along with the kind of budget needed since many are working with a fixed income.  Check out the picks below!

Boston, MA: Median Household Income: $56,066; Maximum Affordable Home Price: $235,952

Sacramento, CA: Media Household Income: $54,929; Maximum Affordable Home Price: $252,359

San Diego, CA: Media Household Income: $58,535; Maximum Affordable Home Price: $262,073

Sarasota, FL: Median Household Income: $52,792; Maximum Affordable Home Price: $228,825

Fort Meyers, FL: Median Household Income: $53,255; Maximum Affordable Home Price: $233,047

St. Louis, MO: Median Household Income: $47,647; Maximum Affordable Home Price: $207,189

Virginia Beach, VA: Median Household Income: $56,760; Maximum Affordable Home Price: $259,780

Tucson, AZ: Median Household Income: $49,718; Maximum Affordable Home Price: $230,802

Atlanta, GA: Median Household Income: $49,178; Maximum Affordable Home Price: $222,902

Knoxville, TN: Median Household Income: $42,512; Maximum Affordable Home Price: $199,900


With most retirees already being homeowners, they’ll have a double whammy of buying and selling their homes. Lucky enough, retirees have an advantage over first time homebuyers since growing wiser over the years has allowed you to know exactly what kind of home you’re looking to purchase.

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