Dallas and 4 Other Texas Cities That Retirees Will Flock To Under a Trump Economy
Written by
Marc Guberti
Edited by
Rebekah Evans
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The upcoming presidency will bring plenty of changes to the economy and it can influence where retirees relocate. Some Texas cities are positioned to benefit from the incoming administration, plus the influx of retirees that may come their way. Dallas is one of the big-name cities set to welcome retirees, but there are a few other places to keep on your radar.
Dallas and Houston Metro Areas
Billy Snelson, chief marketing officer of Move Concierge, knows his way around Texas, as he previously worked as the vice president of marketing at Keller Williams Realty and vice president of brand strategy for NFP, an insurance company.
He grouped the Dallas and Houston Metro areas together when making his recommendation due to their similarities. He also made three additional Texas city recommendations which you’ll hear more about later.
“A big draw for retiring in major Texas cities is the abundant senior living communities that provide on-site healthcare at an affordable price. These are often located near grocery stores and restaurants if driving is a challenge,” he said. With the question of healthcare and inflation at the center of a Trump economy, this makes these metro areas popular among retirees.
“The cost of living in Texas is lower in most states and there is no state income tax. If you own your own home, additional tax benefits usually come with having your own property,” Snelson added. “Furthermore, the major metro areas of Houston and Dallas have plenty of hospitals nearby in cases of emergencies. Dallas has access to many lakes, while Houston is only an hour from the Gulf of Mexico.”
Celina
Some retirees will want to be in the suburbs instead of so close to one of the major cities. Snelson presents Celina as a viable option for retirees.
“Celina is experiencing a housing construction boom. Although it is farther from the city than other Dallas suburbs, purchasing a home is still relatively affordable,” he said. “Despite rapid growth, Celina is still fighting to hold on to its small-town charm. It is home to several parks, trails and open spaces. The downtown area hosts several events per year and there are plenty of opportunities for retirees to engage with the community.”
Royse City
Royse City is a Dallas-Fort Worth (DFW) metroplex that retirees are considering, especially under the incoming president. Snelson shared what you can expect in the city.
“Royse City is a small town recently incorporated into the DFW metroplex that has seen explosive growth in just a few years. Retirees who wish to get out of the hustle and bustle drive this growth in no small part but still remain close to their adult children and grandchildren,” he explained.
“Extended families often move to Royse to buy large homes that can house three or more generations, so many adults have space to move in with their retired parents and children,” Snelson added. “Unlike other locations on this list, Royse City lags in available assisted living residences and community events, but this area is also growing rapidly.”
Fulshear
Snelson wrapped up his list of Texas cities retirees will head to under a Trump economy with Fulshear. It offers plenty of activities and places for retirees.
“Fulshear is a popular destination for retirees who are downsizing. It is a predominantly young community with only a small number of retirees, though the average household income is much higher than the state average,” he said. “Fulshear is also located near many large companies that provide additional resources to the local economy. For those looking for hobbies in retirement, there are many options. Fulshear is home to several churches of different denominations, country clubs and fun activities such as dog training and goat yoga.”
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
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