Seniors want data when searching for the best place to retire. While the younger people have their own lifestyle criteria, older adults have stricter requirements because as they grow older, their needs expand. Data helps seniors determine where to live
AARP claims Social Security is the foundation of retirement and 84 percent of people age 65 and older receive benefits. Social Security provides more than a third of income for retirees which is hardly enough to survive since the average benefit in the U.S. is $17,189/year according to the Census survey. Data helps seniors determine where to live
So what do seniors look for when evaluating areas to retire? The majority want to keep working and live in a state where housing is affordable. Data helps seniors determine where to live
Using the U.S. Census data and other government surveys, let’s compare three states in the country based on work and housing to see which would be the best state to retire. I’ve selected Arizona, Minnesota, and Texas for my own analysis.
At initial glance, from the perspective of a single female, aging alone, Texas is a better fit for me since there are more people in my predicament (solo agers.) My first assessment is crude, but the housing and mortgage numbers tell me that homes are more affordable in Texas and Arizona. Plus, both project to have a higher rate of people my age down the road.
Even so, having a job helps people thrive, and having one is vital to me. The Harris poll found 54 percent of workers (age 60+) say they will work part or full-time after retirement. Texas has a slightly higher number of working seniors than Arizona or Minnesota.
The city guides can give you much more insight than the little I give today. You can do your individual assessments by using the data provided for over 8,000 cities across the country. Data helps seniors determine where to live Data helps seniors determine where to live Data helps seniors determine where to live