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Hotspots for Retirement
By Carol Timblin,
Managing Editor
Historically, population growth has
been tied directly to the availability of
jobs in a certain region. That’s not
necessarily true anymore. As factories
across the nation lose jobs to
overseas companies, towns, cities and
counties are looking for ways to
boost their economies. Many have
discovered the advantage of recruiting
active retirees to move to their
areas. These transplants are smart,
financially secure, energetic and
influential. Wherever they choose to
settle, they breathe new life into their
adopted communities and give their
time and talents to worthy causes.
Many are pursuing their retirement
dreams in the 11-state region covered
by Retirement Lifestyles™ magazine.
According to a recent study conducted
by Thomas, Warren +
Associates in collaboration with the
National Active Retirement Association (NARA), about 175,000
in the 65+ age range moved to the
South in 2005. Florida attracted the
largest number – an estimated 68,000
new 65+ citizens – two and a half
times the 27,000 65+ transplants who
moved to second-place Texas.
These
new residents brought $1.9 billion in
income to Florida and $732 million
to Texas. Surpassing North Carolina,
which has held the third-place slot for
the past several years, Georgia
attracted almost 16,000 new 65+ residents
who brought in over $400 million
in income to the state. A ranking of other states in the survey shows
Tennessee next in line as a retirement
destination, followed by
Virginia, South Carolina, Arkansas,
Alabama, Mississippi and
Louisiana.
The Phoenix-based company
used 2005 census data, based on
samples or estimates, in determining
where the 65+ segment were
moving, explained Gene Warren,
president. “We looked at the number
of people 65+ moving into each
region of the country and found the
Deep South again led all other
regions.”
Where people move is related to
migration patterns, he added.
People from the Northeast tend to
move to Virginia, the Carolinas and
Florida, while Midwesterners are
more likely to move to Tennessee,
Georgia, Alabama, Mississippi,
Louisiana, Arkansas and Texas.
“Retiring to Florida or Arizona is
a habit with people,’ he said.
“People have been retiring to these
states since the 60s. However that is
starting to change. Texas is coming
on strong; it offers everything the
Carolinas have except mountains….
It also has the desert, which
is not found in the Carolinas.
Georgia is also a popular place to
live, especially around the Atlanta
and Athens areas, as well as the
North Georgia Mountains.
“South Carolina appears to be
catching up with North Carolina,”
he continued. “As real estate goes
up in places like Asheville and
Charlotte, people are moving to
South Carolina cities such as
Greenville, Rock Hill and
Lancaster, where they can still have
access to the big city without living
there.”
Weather and climate have always
attracted people to the South, but
other factors such as affordability and
quality of life have become important,
too. “Home prices in the
Northeast and Upper Midwest have
skyrocketed,” said Warren. “You may
have purchased a house for $30,000
in 1975 that’s now worth $900,000.
When you can sell that home and buy
one for $200,000 to $400,000 in the
South, you have a great deal….”
He also mentioned the entertainment
value of small bucolic towns in
the South. “You’ll be one of 67,000
fans in a bad seat at an Angels or
Dodgers game, but you can buy a
front row seat and see a pretty good
baseball game in a small southern
town.”
“Any place can be a retirement destination,
depending on what people
want,” said Alan Church, vice-president
of the research company. “The
prototype of what a retirement town
should be has changed over the years.
People are looking for different things
in different places these days.”
Retirement Lifestyles
Magazine is published bi-monthly.
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